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|... to dictate who can and can't access mental health treatment through their funding programs. Calls from the life insurance industry for regulatory freedom to allow life companies to be able to fund mental health treatment rather than paying out claims ...|
|... COVID-19 crisis has seen a surge in demand for financial advice on issues relating to redundancies, retirement, life insurance and superannuation, the FSC said. Yet, increased costs and regulation continue to obstruct the delivery of advice. With the ...|
|... there is no win, there is no fee. "If you acquired, renewed or continued to hold a financial product (including life insurance) on the advice or recommendation of an adviser from one of the above institutions, you may be entitled to recover compensation ...|
|... superannuation businesses that were classifying new members as 'smokers' by default, hitting them with higher life insurance premiums in the process unless the member took active steps to opt out of this categorisation. ASIC commissioner Danielle ...|
|Life insurance leaders have pushed for immediate and authentic change, lest current legacy business models and products hinder the growth and sustainability of the industry. Speaking at the Financial Services Council's (FSC) 2020 Life Insurance ...|
|... offer limited cover while full premiums are being charged are unacceptable," Mennen said. He acknowledged that the life insurance industry broadly is moving away from the ADL definition. But, he pointed out that introducing new policies with broader ...|
|Life insurance claims paid out billions of dollars to Australians last year. However, the industry needs to focus on creating awareness for its members as it is faced with negative sentiment, specifically around group insurance, the FSC Life Insurance ...|
|At the Financial Services Council Life Insurance Summit, the heads of financial advice industry associations admitted to being blindsided by APRA's intervention on individual disability income insurance. Association of Financial Advisers chief executive ...|
|... income protection for mental health reasons, according to the Financial Services Council. The FSC said it is using Life Insurance Awareness week as an opportunity to release data which reveals some of the biological differences between men and women. ...|
|At the Financial Services Council Life Insurance Summit Senator Jane Hume has said "fake news" about consumers losing life insurance due to the early release of super has irritated her. Hume said consumers would not lose life insurance policies held ...|
Schroders has hired from RBC to appoint a head of private debt for Australia, as it builds out a private assets offering for local investors.
The administrator appointed to embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments.
Reserve Bank of Australia governor Philip Lowe said the legislated increase to the superannuation guarantee will impact wage growth and the government will need to weigh up the impacts of that.
National Australia Bank has reported a 7% fall in cash earnings to $1.55 billion for the third quarter, as the bank confirms it is still "actively exploring" options for the sale of its wealth management business.
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