|AMP will exit life insurance in 2019, following a $3.3 billion sale of its wealth protection business. It will also divest its New Zealand wealth management and advice businesses via an IPO.|
|At least 50 staff members at TAL have been made redundant as part of a wider move to scale back its direct life insurance business.|
|Strategic Insight has recognised NobleOak as the best direct life insurer in 2018.|
|BT Financial Group is making it easier for financial advisers and their clients to apply for life insurance.|
|MetLife has won a group insurance mandate from an $8.8 billion superannuation fund.|
|TAL has refuted claims made by the Royal Commission that it systemically breached its duty of utmost good faith to policyholders when investigating claims.|
|AMP has defended its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission.|
|The chief executive of Freedom Insurance Group has left the company effective immediately and more than half of its workforce is being made redundant.|
|Round six of the Royal Commission exposed systemic issues across the life insurance value chain and its fledgling code of practice that's yet been powerless to stop unethical behaviour. But industry experts say all hope is not lost.|
|Latest research from Zurich is helping financial advisers quantify the cost of healthcare when providing insurance advice.|
A new superannuation fund hoping to bridge the retirement savings gap will launch with the hope of disrupting the system that has disadvantaged women.
The general manager of superannuation and retirement solutions at a $57 billion industry fund has resigned, with the hunt commencing for a replacement.
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service.
OnePath has moved to enhance the abilities of financial advisers using its OneView Life client management portal.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|