|Financial Services Council (FSC) chief executive Sally Loane equated removing the carve out of life insurance claim handling in the Corporations Act to using "a sledgehammer to crack a nut."|
|A specialist insurance firm has updated its definitions and expanded product benefits for members.|
|TAL went to great lengths to get out of paying insurance claims to a nurse which involved hiring a private investigator who followed her around the country, the Royal Commission heard today.|
|Australian life insurers are unprepared for two new major accounting standards that will shake up the way profit is reported, a KPMG survey shows.|
|CommInsure admitted it misled the Financial Ombudsman Service that was helping resolve a claimant's dispute by deliberately withholding medical information and delaying the process, the Royal Commission heard yesterday afternoon.|
|Freedom Insurance sold life insurance to an intellectually disabled man, and only cancelled the policy after several instances of correspondence with his family, the Royal Commission heard yesterday.|
|The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times.|
|This morning the Royal Commission heard about instances of misconduct in the life insurance industry and where conduct fell below community standards and expectations.|
|ASIC's latest review into insurance in superannuation shows the industry still has "significant weaknesses" despite the launch of the voluntary code of practice nine months ago.|
|In the lead up to an appearance at the Royal Commission, an ASX-listed life insurer has announced it is undertaking a strategic review.|
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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