Tag Archives | feature

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OnePath Offers Premium Waiver For Drought Affected Communities

OnePath will waive life insurance premiums for two months for farmers, and those in rural and regional towns who provide services to the farming community, effective immediately. (more…)

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0 · August 31, 2018 in Company News, Products, Services  
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ASIC Raises Concerns Over Lapses, Claims in Direct Insurance Market

ASIC has expressed concerns over the high cancellation rates of direct life insurance, as well as the lower levels of accepted claims, prompting it to move to end outbound sales calls and pressure selling by insurers. (more…)

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11 · August 30, 2018 in Claims, Compliance & Regulation, Products  
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BT to Guarantee Premium Rates For Two Years

BT will apply a rate guarantee on all new policies within its Protection Plans product suite for two years from the policy commencement date. (more…)

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· August 28, 2018 in Claims, Products, Underwriting  
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Practice Sales Spike Over LIF and Education Concerns

The number of life insurance advice businesses for sale has spiked, according to a financial advice business broker, who claims the increase is a result of the impact of Life Insurance Framework (LIF) and proposed new education standards. (more…)

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3 · August 28, 2018 in Compliance & Regulation, Practice Management, Remuneration  
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Royal Commission to Call on Insurers to Provide Evidence

Four major life insurers have been slated to appear before the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry which will take place from 10 September. (more…)

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0 · August 27, 2018 in Company News, Compliance & Regulation  
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O’Dwyer Moves Out of Financial Services Portfolio

The Federal Government has yet to name a new minister with oversight of the financial services sector after the former Minister, Kelly O’Dywer, was moved into a new role as part of a Cabinet reshuffle. (more…)

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2 · August 27, 2018 in Appointments, Compliance & Regulation  
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Overseas Insurers Set to Dominate Australian Market

The number of Australian-owned major life insurance companies will fall to three at the conclusion of the current round of acquisitions, with their collective market share totalling around 20 per cent by March 2019. (more…)

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11 · August 21, 2018 in Company News, General, Products  
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ClearView Tops 2018 Planner Risk Survey

ClearView has emerged as the best insurer in 2018 for overall adviser satisfaction, according to research firm, Investment Trends. (more…)

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4 · August 21, 2018 in General  
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FASEA Exam Not Fair – Advisers

The result of our latest poll suggests significant dissatisfaction among the existing adviser community with the proposed FASEA examination for advisers. (more…)

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3 · August 21, 2018 in Compliance & Regulation, Polls  
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Mentoring Roles Offer New Career for Older Advisers

The expertise of older advisers will continue to be in demand by new entrants to the advice sector who will be required to work under a mentor during their first year in practice, according to an education provider. (more…)

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3 · August 21, 2018 in Services, Soft Skills, Training