AIA Australia calls for rehabilitation expenses to be covered by insurers
/AIA Australia joins the call for legislation to be changed to allow insurers to cover more rehabilitation expenses.
Read MoreIn-house product bias confirmed by ASIC
/A new ASIC report reveals bias towards in-house insurance products.
Read MoreRisk Product, Company and Regulatory Updates as at 6 February 2018
/- AIA Australia's cancer wellness program launched, policy fees waived
- MBS Insurance joint venture
- Advice firm offers life insurance
- Online Australian consumer brand offering life insurance
- Global alliance formed by insurtech associations
- OnePath Life purchased by Zurich
- Integrity Life moves into retail
- Electronic medical certificates adopted by BT
- Medical specialist board created by TAL
- Commonwealth Bank planning licence conditions update
- Propositions to give ASIC power to ban products
- ASIC reviews insurance advice
- FSC requiring three insurers on APLs
Risk People as at 6 February 2018
/- TAL appoints manager
- AIA appoints chief
- KPMG appoints insurance and wealth lead
- CBA appoints executive officer
- AMP appoints chief financial and chief operating officer in one
- CBA appoints new managing director
- AMP awards advisers at Advice Summit
- BTIM investment officer retires
Oxfam: Australia’s deepening wealth gap
/Oxfam report shines a light on the widest wealth gap in the past two decades and calls for change.
Read MoreUpdate: Royal Commission
/The Royal Commission will hold its first public hearing.
Read MoreRisk People as at 5 December 2017
/- CountPlus appoints financial officer
- Small Business Taskforce leader appointed
- FPA award winners named
- Consumer Choice Award winners
- NAB general manager departs
MLC research reveals how many women feel about their finances
/Research shows that women are missing financial opportunities because of financial insecurity.
Read MoreRoyal Commission called into banking and financial services by Government
/The Royal Commission will be examining the conduct of the financial sector.
Read MoreRisk Product, Company and Regulatory Updates as at 5 December
/- ANZ launches OneView mobile access
- AMP launches LIF diagnostic tool
- REST adapts new life insurance model
- HESTA announces life insurance changes
- New life insurer for Vision Super
- Non-aligned advisers granted access to AMP assessment tool
- Mental health focus expanded by TAL
- BT supports external rehabilitation
- AFA consumer magazine
- Advice firm formed by Moneywise pair
- Leadership academy launched by Zurich
- PJC reporting date extended
- NAB and ANZ cover investigation costs
- Guidance for FSCP release
- ASIC to appoint liquidator
ASIC confirms restrictions of 'independently owned'
/ASIC has confirmed the restriction of certain terms used in the finance industry to increase consumer comprehension.
Read MoreHigh levels of claims acceptance reported
/ASIC and APRA are seeking to formalise risk definitions industry-wide for life insurance claim data collection and analysis.
Read MoreRisk Product, Company and Regulatory Updates as at 22 November
/- Victoria practice acquired by AZ NGA
- AMP LIF hub boosted
- ANZ LIF hub launched
- BGL life insurance solution enhanced
- Tower acquisition dropped by Suncorp
- ASIC accepts NAB and ANZ enforceable undertakings
Risk People as at 22 November
/- ASIC appoints new member to FSCP
- Nominations for 2018 Insurance Business Awards open
Increased need for and satisfaction with advice, but client numbers fall
/The number of Australians seeking financial advice is declining even though the need for advice, and adviser satisfaction, is rising.
Read MoreRisk People as at 8 November 2017
/- New state manager appointed at Synchron
- Interim chief executive named for Centrepoint
- Fortum names new head
- FPA award finalists
Almost halfway - CFA exam-takers almost half women
/The CFA Institute has reported that in 2016, half of its exam-takers were women, taking us a step closer to gender parity in investment management.
Read MoreRisk Product, Company and Regulatory Updates as at 8 November 2017
/- MLC expands policy discount
- GPS robo-adviser launched
- OneCare offering mental health support
- LIF resource launched by ANZ
- OneVue sells RE business
- AMP rolls out enhanced advice business
- Victorian presence boosted by Elders
- ASIC suspends AFS licence
- Financial advice firm to pay penalty
- ACCC insurance inquiry forms
- Wellness message taken to Canberra
Genetic testing could increase the cost of claims
/Personal genetic testing has the power to change the way people choose their life insurance.
Read MoreResearch: advice can improve retirement lifestyle outcomes
/Research demonstrates that financial advice can considerably increase the amount of money Australians are able to save for retirement.
Read More