|AIA Australia is urging the Federal Government to allow life insurers to fund early intervention and treatment for mental health conditions.|
|Applying for life insurance and making claims is now much easier for financial advisers and customers of CommInsure and OnePath.|
|The life insurance industry is failing to prove it can self-regulate via its two "deficient" codes, according to Maurice Blackburn Lawyers' submission to the banking Royal Commission.|
|Commonwealth Bank will potentially offload its Indonesian life insurance business as part of a strategic review.|
|A Parliamentary Joint Committee on life insurance said it is "not convinced" the industry can sufficiently self-regulate and is recommending the co-regulatory approach foreshadowed by ASIC.|
|CommInsure will now offer digital claims for its institutional partners, joining other insurers digitising their claims process.|
|The Financial Services Council is proposing to establish a Genetics and Insurance Advisory Council in an effort to engage in a booming field of clinical research and genetics testing.|
|The Financial Services Council awarded its highest accolades to the life insurance industry's brightest stars at a gala dinner in Sydney overnight.|
|Industry stakeholders expect 90% of Australia's superannuation funds to sign the Insurance in Superannuation Voluntary Code of Practice before March 31, despite its several shortcomings.|
|TAL and CommInsure each collected three accolades at the Association of Financial Advisers (AFA) Life Company of the Year Awards in Sydney last night, and it was the former which won the top gong.|
An advice licensee owned by HUB24 hired from BT Financial Group to fill a newly-created general manager role.
Futuro Financial Services has ended its partnership with AMP after seven years, becoming 100% privately-owned again.
Escala Partners is set to be acquired by a US-based wealth manager looking to expand its international footprint.
No RBA, growth in wages have remained stagnant - and that's just for the lucky few. The unlucky ones have, in effect, seen their incomes eroded by inflation (thank goodness prices haven't increased by much).
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