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|Showing 1 - 10 of 100+ results for "Life insurance"|
|... issue," Jacobsen said. When the discussion turned to remuneration, committee deputy chair Andrew Leigh asked how life insurance commissions differ from other forms of conflicted remuneration. Jacobsen said insurance is a grudge purchase and when faced ...|
|... Wellbeing will operate under a separate AFSL to AIA Australia, offering personal advice to customers of CBA with life insurance and wealth needs. Advice will be provided by salaried advisers and AIA will extend employment offers to some CFP employees. ...|
|... another announced in May in which ASIC alleges several AMP companies continued to charge financial advice fees and life insurance premiums to more than 2000 customers after they had passed away. AMP did have some reprieve earlier this month however ...|
|... subsidiary of the insurer. With the two entities already in partnership following AIA's purchase of CBA's life insurance arm, this marks an expansion of that relationship and includes an advice referral arrangement for life insurance to AIA. ...|
|... was 14. With a shrinking adviser base, further rationalisation must happen," he said. First formed in 2015 as the Life Insurance Customer Group, the group aimed to give life insurance advisers "a voice in the Life Insurance Framework debate". As part ...|
|... ClearView. In 2019 it won a $700,000 penalty against CommInsure, after the firm plead guilty to 87 counts of unlawful life insurance hawking. In February 2018, an ASIC review of ClearView's sales calls found the insurer used unfair and high-pressure ...|
|... offer and staying away from mergers. O'Sullivan arrived at UniSuper in 2013, after a career that started as a life insurance actuary in his native country of Canada. He moved to Melbourne in 1990 for a consulting job with Towers Perrin. Later he ...|
|Allianz Australia Life Insurance and Allianz Retire+ has announced the sudden departure of its chief executive Matthew Rady and appointed an interim replacement. Rady was first appointed in 2018 as the inaugural chief executive of Allianz Retire+ and ...|
|... unsuitable add on insurance being sold to consumers. This extended to insurance within superannuation (including group life insurance). On 10 December2020, the government passed laws that introduced a deferred sales model with a four-day pause between ...|
|... due to poor telephone sales practices. Following an ASIC intervention and action, OnePath was found to have sold life insurance over the phone between 2010 and 2016 using pressure selling tactics. These tactics included promoting a deferral of the first ...|
AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold.
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years.
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.
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