Monthly Archives: April 2019
New Underwriting Platform Halving Approval Times
MLC Life Insurance reports its new digital underwriting platform has delivered '...a dramatic reduction in the time it takes for its customers to receive cover.'
Launched in April 2018 (see: MLC Life Goes Live...), the...
Adviser Banned Over Best Interests Concerns
ASIC has banned Adelaide-based adviser, Peter Anthony Chigwidden, from providing financial services for a period of five years.
Following its review of his advice, ASIC said in a release that it found Chigwidden had "...consistently...
ASIC Bans Adviser Over Client Best Interests Issues
Queensland-based adviser, Gregory Forster, has been banned by ASIC from providing financial services for a period of five years.
According to ASIC, surveillance it undertook demonstrated Forster provided inappropriate advice to clients and failed to...
Latest Poll – Which Government Will Better Serve Advisers and Consumers?
With confirmation of a Federal Election to be held in May, we're keen for your feedback about what would be the best election outcome for advisers and consumers.
We asked you exactly the same question...
APRA Flags Tougher Enforcement Approach
The Australian Prudential Regulation Authority has indicated it will be less patient with uncooperative entities in future and more forceful in expressing its specific expectations.
The corporate regulator made this commitment in releasing details on...
Asteron Life Extends Wholesale Commission Discount Offer
Asteron Life has confirmed it will be extending its additional 15 percent first-year premium discount offer for new clients who opt for the insurer's wholesale commission option.
First launched more than three years ago (see:...
Integrity Life Product, Tech Upgrade
New retail insurance player, Integrity Life, has released the first upgrade for its retail life insurance offer, delivering a range of product and technology enhancements.
Taking immediate effect, the enhancements include:
Expanded combination of policy...
Senior Westpac Advice Appointment
Westpac Bank has announced Ashley Stewart will become its Acting General Manager of Advice, following the appointment of incumbent Jane Watts to the role of GM Westpac Retail and Premium Bank.
According to Westpac, Stewart...
Integrity Life Expands BDM Team
Integrity Life continues to expand its senior adviser support network with the announcement of five new state and national BDM appointments.
New South Wales
Liz Dzelmanis and Amie Pachos have been appointed Business Development Managers within...
BT Releases Cancer Assistance Program Results
BT has released the initial results for its Cancer Assistance Program (CAP), which it says is the first claims support program in Australia to focus on providing access to early intervention, tailored for life...