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Showing 1 - 10 of 16 results for %22Financial Services Council Life Insurance Summit%22

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... commissions are an acceptable form of remuneration," Hume told yesterday's Financial Services Council Life Insurance Summit. "I recognise that a flat fee charged for advice can be a challenging business proposition." In the same breadth, Hume announced ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... women's economic security Jane Hume announced this morning. Speaking at the annual Financial Services Council Life Insurance Summit, Hume highlighted areas that overlap across the two reviews that prompted the move. Under Treasury's new remit, it ...

Law firm slams insurer mental health policies

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... doctors in order to pressure workers back to work or to otherwise minimise costs." At the recent Financial Services Council Life Insurers Summit, assistant minister for superannuation, financial services and financial technology Jane Hume said she supported ...

Life insurance at tipping point: Industry leaders

ALLY SELBY  |  FRIDAY, 31 JUL 2020
... 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 Summit, APRA general manager of life insurance Suzanne Johnson, RGA Australia ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... specifically around group insurance, the FSC Life Insurance Summit has heard. KPMG, on behalf of the Financial Services Council (FSC), revealed there was more than $12 billion in claims paid to more than 100,000 Australians during 2019. FSC senior policy ...

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 ...

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 ...

Genetic tests no barrier to life insurance

ELIZABETH MCARTHUR  |  THURSDAY, 27 JUN 2019
... Australians can get up to half a million dollars of life cover without disclosing genetic tests. The Financial Services Council approved a moratorium on genetic tests in life insurance following consultation with the insurance industry. FSC chief executive ...

Future of superannuation leads FSC Summit

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
... insurance. This was a key message from PwC asset and wealth management leader Craig Cummins as he opened the Financial Services Council Summit in Melbourne this morning. Setting the tone for the next two days, Cummins said while financial adviser groups ...

Royal Commission unnecessary: FSC

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... unnecessary given the amount of substantial reforms and remediation the industry has already undertaken, the Financial Services Council said. In responding to Shadow Treasurer Chris Bowen's push for a Royal Commission scrutinising all elements of the ...
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