Category | Services

AIA Australia Extends Fee Waiver and Lump Sum Discount Campaigns

AIA Australia will extend two adviser campaigns, offering a policy fee waiver and initial lump sum discount, by a further three months to the end of March 2019. (more…)

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0 · December 18, 2018 in Company News, Products, Services  

ASIC Seeks Court Order Over AMP Fee Documents

ASIC has taken legal action against a major law firm which has refused to hand over documents relating to the regulator’s investigation into fees for no service (FFNS) conduct carried out by AMP. (more…)

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0 · December 18, 2018 in Company News, Compliance & Regulation, Products, Services  

AMP Life Announces Closing Date for New Business

AMP Life has confirmed the closing date for new business into its AMP Elevate range but has indicated it will continue to accept new applications from advice clients who pay premiums via one of AMP’s platforms. (more…)

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0 · December 14, 2018 in Company News, Products, Remuneration, Services  

NEOS Introduces Online Alteration Capability

NEOS Life has launched an online alteration capability to its services and in its first phase will provide the ability for advisers to transfer the ownership of an existing policy inside, or outside of superannuation, using the same application process as for new business. (more…)

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0 · December 11, 2018 in Products, Services, Superannuation, Technology, Underwriting  
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Claims Processing Still Too Slow For Policyholders

Further work needs to be done to increase the speed of the processing of life insurance claims, according to a number of consumer reviews collated by an online insurance comparison and information website. (more…)

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1 · December 11, 2018 in Claims, Products, Services  
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Seeing More Clients Will Not Save Risk Advice – ClearView

Risk advisers are unlikely to survive under the LIF changes by selling more insurance or seeing more clients and should consider expanding their services or implementing a mixed fee and commission model, according to ClearView. (more…)

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11 · December 4, 2018 in Compliance & Regulation, Products, Remuneration, Services  

AIA Names Advice Firm as Healthiest Employer

A Sydney financial advice business has been named as one of Australia’s healthiest workplaces as part of annual survey conducted by AIA Australia. (more…)

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0 · December 4, 2018 in General, Services  
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ASIC Cancels Licence of Advice Firm

ASIC has cancelled the financial services licence of a Melbourne based advice business that offered life insurance linked to personal loans, a month after it was hit with a multi-million dollar penalty for breaching financial services laws. (more…)

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0 · December 3, 2018 in Compliance & Regulation, Products, Services  

TAL to Offer Health Insurance Via Expanded Partnership

TAL will offer health insurance cover to the clients of financial advisers under an expanded partnership with health insurer nib. (more…)

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0 · November 30, 2018 in Company News, Products, Services  

NEOS Exceeds Target For Underwriting Decisions

New life insurance entrant, NEOS Life has announced that it made more than 86 percent of underwriting decisions within three working days, exceeding its own target of 80 percent set at launch in June of this year. (more…)

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4 · November 27, 2018 in Products, Services, Underwriting