Monthly Archives: October 2018
No Cut-Off Date for ADFP Credits
The Financial Adviser Standards and Ethics Authority (FASEA) will not impose cut-off dates when applying credits for prior learning undertaken as part of the Advanced Diploma of Financial Planning (ADFP) but will instead consider...
TAL Accelerated Protection Upgrades
TAL has announced a series of upgrades to its Accelerated Protection product series including reduced premiums for Life and TPD cover and a range of revised definitions for its Critical Illness cover.
The upgrades, which...
Satisfaction With Life Insurance Falls Again
Consumer satisfaction with life insurance has declined marginally in the past 12 months but has fallen below that of any other major household or personal insurance, according to data released by Roy Morgan Research.
The...
PPS Mutual Issues Second Annual Profit Share to Members
Specialist insurance company PPS Mutual will distribute its second round of profit sharing to members after completing its second financial year of business in Australia.
The members of the mutual insurer will receive a profit...
AMP Will Close to New Risk Business Following Sale
Financial advisers will no longer be able to offer AMP life insurance policies to clients after the insurer confirmed its risk book would eventually be closed to new business as a result of its...
PJC Rejects Proposal for Insurer Funded Rehabilitation
A proposal to allow life insurers to pay for treatments not covered by health insurance or Medicare has been rejected by a Parliamentary Joint Committee (PJC), which claimed it could create conflicts of interest...
APRA to Release Insurer-Specific Claims Data in 2019
Consumers will have access to insurer-specific information relating to the claims and disputes by early 2019, according to APRA, which has released the final version of its reporting standard to the life insurance sector.
The...
AMP to Sell Life Insurance Business
AMP has announced it will sell its Australian and New Zealand life insurance businesses to Resolution Life for $3.3 billion in a deal that is expected to be completed by the second half of...
News in Brief
Risk Adviser Facebook Group Launched
Health and Wellness Programs Awarded
OnePath Fires BBQs For Mental Health
Synchron Launches Second App For Advisers
Risk Adviser Facebook Group Launched
A NSW adviser, and AFA Adviser of the...
ClearView LifeSolutions Upgrade
ClearView has released details of an October upgrade to its LifeSolutions product range, where the focus has been around returning people to health and work.
Taking effect from 1 October 2018, the insurer has...