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Weekly Life Insurance News Roundup

October 28th, 2012 | Posted by Editor in News - (Comments Off on Weekly Life Insurance News Roundup)

Lion’s share of life insurance sold through superannuation
New research undertaken by CommInsure has reinforced the long-term implications of the Government’s remuneration restrictions around the sale of life/risk insurance within superannuation. The research, which identified that Australians held a false sense of security with respect to superannuation, also revealed that while superannuation represented the primary vehicle via which people accessed life insurance, advisers still played a key role.

Ageing Aussies ‘are throwing money away on life insurance’
Ageing Aussies are essentially throwing money away by paying towards costly life insurance cover, it has been claimed. Experts have suggested that people who take out a policy at the age of 30 or 40 end up paying huge sums once they near retirement age, National Features reports.

Allianz wins top insurance award
Allianz has won the award for Life Insurance Product of the Year at the 2012 Australian Banking and Finance (AB+F) Awards. The awards, held on Thursday at The IVY in Sydney, are Australia’s premier insurance accolades with the winners chosen by an independent panel of senior industry professionals.
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Weekly Life Insurance News Roundup

October 21st, 2012 | Posted by Editor in News - (Comments Off on Weekly Life Insurance News Roundup)

Accountants question membership over blanket ban
The blanket ban on commissions in insurance will cause members of the major Australian professional accounting bodies to reconsider their membership if it begins to outweigh client benefits, an industry executive said.

Bravura rated a top 100 technology vendor
Australian-based financial services software provider Bravura has this week been named as one of only two Australian companies among the world’s top 100 technology vendors by a key US publication. Bravura launched its next-generation wealth management platform, Sonata, at the end of 2010 to provide a single administration solution for life insurance, trust, pension/annuity, group superannuation/pension and UK wrap.

Software set to provide the missing link for financial planners
With major legislative change set to occur, it is up to software providers to make life easier for financial planners. Andrew Tsanadis discovers that the role technology and new media are playing in the financial planning industry today is unprecedented.
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Weekly Life Insurance News Roundup

October 8th, 2012 | Posted by Editor in News - (Comments Off on Weekly Life Insurance News Roundup)

Most funds to offer default IP for MySuper
More than half of Australian superannuation funds will offer default income protection in their MySuper offers, according to a survey released at the recent AIA Australia Group Insurance Summit held in Sydney.

TAL’s bolsters direct to consumer team
TAL Direct, a division of life insurance company TAL, has appointed Dave Hunt as chief marketing officer.

TAL Direct appoints marketing head
TAL Direct, a division of life insurance company TAL (formerly known as TOWER Australia), has appointed Dave Hunt as chief marketing officer.
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Weekly Life Insurance News Roundup

October 2nd, 2012 | Posted by Editor in News - (Comments Off on Weekly Life Insurance News Roundup)

One good churn deserves another
Outsider now accepts that Clearview chief executive Simon Swanson always does his homework before participating in an industry event.

Metlife appoints head of group pricing
MetLife Insurance has named Adam Fusca as head of group pricing in Australia. Prior to his new role, he worked at Tal where he held the role as head of group insurance products and pricing.
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