Category | Products

News in Brief

ASIC Imposes Conditions on MyPlanner Licence; TAL Offers Insurance Education to Super Funds; Life Announces First Roll-Out of Group Life Platform (more…)

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0 · December 5, 2017 in Compliance & Regulation, Products, Superannuation  
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AIA Australia Waives New Policy, Vitality Fees

AIA Australia will waive up to around $400 in fees over two years for clients who take out a new Priority Protection policy and Vitality program until the end of March 2018. (more…)

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1 · December 4, 2017 in Company News, Products  
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FSC Defends APLs as Cost Saving Measure For Advisers

The FSC has defended the use of Approved Product Lists (APL) of life insurance products by financial advisers telling a Government inquiry the lists are required to allow advisers to provide affordable advice. (more…)

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4 · December 4, 2017 in Associations, Products  
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Legacy Products Climb as Rationalisation Stagnates

Close to 300 legacy life insurance products could be closed if the Federal Government amended laws around product rationalisation, the FSC has claimed. (more…)

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3 · November 24, 2017 in Associations, Products  
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PJC Reporting Date Extended for Third Time

The Parliamentary Joint Committee (PJC) Inquiry into the Life Insurance Industry will now release its final report three months after the commencement of the Life Insurance Framework regime. (more…)

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4 · November 21, 2017 in Compliance & Regulation, Products, Remuneration  

Address Under-insurance at Personal Finance Level

Income protection insurance should be presented as part of personal finances and Governments should be pressuring insurers to provide transparent and easy to understand products, a new global study into income protection under-insurance has stated. (more…)

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0 · November 17, 2017 in Company News, General, Products  
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APL Product Use Catches ASIC’s Attention

ASIC is examining how advisers use Approved Product Lists and is investigating whether the range of products on lists is being used to benefit consumers. (more…)

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1 · November 7, 2017 in Compliance & Regulation, Products  

BTFG to Expand APL Beyond Westpac Life

BT Financial Group (BTFG) will expand its life insurance approved product list (APL) from one to three products by March 2018 while continuing to maintain its off APL process for advisers. (more…)

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0 · November 1, 2017 in Company News, Products  
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Adviser Loyalty to Insurers Falls Away

The number of life insurers used by financial advisers has fallen to its lowest level in three years yet more than a quarter of advisers are looking to establish a relationship with a new insurer in the next 12 months, according to Investment Trends. (more…)

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6 · October 24, 2017 in General, Products, Services  
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MLC Life Expands Policy Discount Eligibility

MLC Life Insurance has extended the eligibility criteria for discounts that apply to clients holding multiple policies with the insurer and has also enhanced some benefits relating to certain trauma definitions. (more…)

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0 · October 24, 2017 in Company News, Products