Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 95 results for %22Life Insurance Code of Practice%22

Life insurance industry rebuts need for greater reform

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2017
... Some of the financial services industry's biggest players fronted the Parliamentary Joint Committee inquiry into life insurance on Friday. Financial Services Council chief executive Sally Loane faced the panel first, telling the Committee that any further ...

Super funds trawling eBay for legacy parts

ALEX BURKE  |  THURSDAY, 2 MAR 2017
... support," she said. Reiterating her position that the industry is already sufficiently regulated, she pointed to the Life Insurance Framework and professional standards reforms. "Both will strengthen consumer outcomes and benefit financial advice and ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
... Senate passing two significant reforms aimed at strengthening consumer confidence in the financial planning and life insurance sectors. Both pieces of legislation were passed unchallenged in the Senate during parliament yesterday. Professional Standards ...

AFA returning to its roots

JAMIE WILLIAMSON  |  THURSDAY, 12 JAN 2017
... negative sentiment from government, mainstream media and consumer groups, that we need legislative change like the Life Insurance Framework and professional standards reform to provide that shift in perception," he said.

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
Insurer AIA says communicating the importance and value of life insurance is vital for all Australians and the latest parliamentary inquiry is another opportunity to do so. Reaffirming its support for life insurance within superannuation, AIA said life ...

New life insurance standards for super

KERRIE SYDEE  |  THURSDAY, 3 NOV 2016
... Statement of Intent, outcomes from a roundtable of key stakeholders held in Canberra on 10 October and the Life Insurance Code of Practice.

New life code could go further: lawyer

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2016
Prominent legal firm Slater and Gordon believes the Life Insurance Code of Practice is a missed opportunity to fix serious systemic problems in the industry. Several life insurers welcomed the Code issued by the Financial Services Council (FSC) yesterday ...

Life Insurance Code targets self-regulation

MARK SMITH  |  TUESDAY, 11 OCT 2016
... the ability to sanction insurers who do not comply with a new set of standards laid out in an industry-wide Life Insurance Code of Practice produced by the Financial Services Council (FSC). The new code, released today, goes beyond what is required by ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
On the eve of the Financial Services Council publishing its Life Insurance Code of Practice, industry bodies have collectively reinforced their beliefs on the purpose of group insurance in superannuation. The Association of Superannuation Funds of Australia ...

Life insurance code needs clarity: FPA

KERRIE SYDEE  |  THURSDAY, 22 SEP 2016
... (FPA) has called for greater clarity around the overarching purpose of the Financial Services Council's (FSC) Life Insurance Code. In its latest submission to the FSC the FPA noted that while the current draft has made some progress compared to other ...