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Showing 71 - 80 of 211 results for %22Life Insurance Framework%22

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
... distribute and promote St Andrews funeral insurance products on 19 March 2018. This was on the basis that the Life Insurance Framework that came to effect 1 January 2018 and it was not "commercially viable" for the partnership to continue, he said. "Well ...

Unintended consequences for opt-in insurance: KPMG

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
Group life insurance premiums are set to rise if the Federal Government implements proposed changes to default insurance in superannuation, according to KPMG. The firm's latest research forecasts a 50% reduction in group life insurance cover as a result ...

TAL bolsters senior leadership

KARREN VERGARA  |  MONDAY, 18 JUN 2018
TAL is boosting its group life insurance business with the addition of two senior leaders to the team. Joseph Daley is now general manager of pricing and will be responsible for developing group pricing models in partnership with superannuation funds. ...

Default life insurance reforms ineffective: Research

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
The Federal Government's proposal to ban default life insurance in superannuation for younger members and those with low balances would supress retirement savings and cost the economy $2.46 billion annually, latest research from AIA Australia shows. ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... continue to rise. The chair also reiterated ASIC is working towards delivering an accountability benchmark for the life insurance industry as well as new supervisory frameworks for the entire financial services sector. So far he has found it disheartening ...

What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... pensioners. Most notably, the Federal Government will mandate that superannuation funds no longer have opt-out life insurance arrangements for members under 25. The Government has also stated its latest position on the Retirement Income Framework. Superannuation ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
The Federal Government will mandate that superannuation funds no longer have opt-out life insurance arrangements for members under 25 and those with low balances. Budget papers said this was being done as a means of "protecting Australians' retirement ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... representing about $2.7 trillion managed by 100 members across Australia's wholesale and funds management, superannuation, life insurance, adviser networks and trustee companies has added several recommendations to its pre-Budget submission this year. ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... part of grandfathering arrangements for fear of underinsurance risks, he said, adding the legislated Life Insurance Framework sufficiently covers this area.

AFA responds to 'disappointing' PJC life insurance report

KARREN VERGARA  |  WEDNESDAY, 11 APR 2018
... "merely rehashes" previous reports and research into the segment comprehensively addressed by FoFA, the Life Insurance Framework and more recently professional standards legislation, the AFA said. The PJC has fundamentally failed to compare the cost ...