Search ResultsShowing 1 - 10 of 100+ results for "Life insurance"
Senate secures members' interest changes
HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... government's determination to put members' interests before those who service the industry, including the life insurance industry. Reaction to the bill's passage was mixed. The peak body for industry super, Industry Super Australia (ISA) ...
Support staff should meet FASEA standards
ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... working in advice should read the 100 pages of the Royal Commission report that apply to advice. When it comes to life insurance advice, Ashenden explained Commissioner Kenneth Hayne's recommendation that ASIC is due to review life insurance advice in ...
Integrity Life launches lifetime discount offer
ELIZA BAVIN  |  THURSDAY, 19 SEP 2019
... discount for the lifetime of a policy across its lump sum products, designed to ensure sustainable pricing for its life insurance products. The insurer said the move strongly aligns with the best interests of financial advisers and consumers. "The financial ...
Licensee faces hefty remediation bill
ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
... remediation bill for $730,000. ClearView's review and remediation program for over 200 clients who received poor life insurance advice resulted in the figure. ASIC said ClearView's compliance review saw ClearView look at 4,269 advice files from ...
One regulatory regime enough: FSC
HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... Separately, the council went on the record this week to support extending the unfair contract terms regime to life insurance but has stipulated adjustments should be made to allow the long term nature of life insurance contracts to continue. Loane said ...
ClearView ramps up risk, compliance
ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
... actuarial and product management functions. He will be involved in a new technology strategy for the company, enhanced life insurance and wealth management offerings and a financial advice strategy. ClearView managing director Simon Swanson said: "Greg ...
BT faces fees for no service class action
ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
Westpac confirmed it has received a class action filed against BT Funds Management and Westpac Life Insurance Services in relation to BT's Super for Life cash investment option. Slater & Gordon filed the action on behalf of Tracey Ghee. Westpac ...
Suncorp pays $1.4m remediation bill
JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... corporate regulator imposed additional licence conditions on the Guardian Advice AFSL in 2015 after it found the life insurance advice being provided to retail clients was defective. ASIC was concerned Guardian Advice had failed to comply with its general ...
United front but no merger: AFA
JAMIE WILLIAMSON  |  MONDAY, 2 SEP 2019
... on the back of the work the AFA has been doing with the FPA in recent months, including the joint taskforce on life insurance and lobbying Senator Jane Hume in Canberra. Consistent with that, FPA chief executive Dante De Gori attended the conference ...
Life insurance leaders fear for industry
ELIZABETH MCARTHUR  |  FRIDAY, 30 AUG 2019
Some of the biggest names in Australia's life insurance sector have shared their biggest concerns for the future of the industry. Appearing on a panel at the 2019 Association of Financial Advisers National Conference, Zurich chief distribution officer ...
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