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Search ResultsShowing 1 - 10 of 100+ results for "Life insurance"
Law firm slams insurer mental health policies
ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... 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 ...
FSC calls for scaled advice model
ALLY SELBY  |  TUESDAY, 11 AUG 2020
... 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 ...
AMP, CBA, Westpac face potential class action
ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... 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 ...
Super funds slapped over smoker premiums
ALLY SELBY  |  FRIDAY, 7 AUG 2020
... 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 at tipping point: Industry leaders
ALLY SELBY  |  FRIDAY, 31 JUL 2020
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 ...
Insurers COVID-19 response slammed
ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... 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 needs to prove value
ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
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 ...
APRA intervention blindsided AFA, FPA taskforce
ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
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 ...
FSC reveals life insurance data
ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
... 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. ...
Hume calls out ERS fake news
ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
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 ...
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