A looming deadline for super changes has sparked warnings some people will inevitably lose insurance cover when they need it most.
ASIC is claiming the wealth manager should be on the hook for up to 120 contraventions of financial services laws.
Mark McKenzie has perhaps only weeks to live. The last thing he wanted was to be on the phone almost daily to push his super fund for the early release of his super balance and life insurance.
Few people would wish their estate to be squandered in legal fees and taxes after their death.
Regulators have launched a new tool aimed at helping customers choose better insurance products.
Insurers are warning of"awful"results as customers realise they have lost their cover provided through super when the government's July 1 deadline kicks in.
Being able to sell US dollar annuities into Japan — backed by its US dollar fixed-income portfolio — should increase overall annuity sales.
An APRA executive said it would be"difficult to get treasury to be sympathetic towards issues like tax deductibility"for an industry that had caused heartache.
AMP has scrapped short-term cash bonuses and cut directors'fees following its fees for no service scandal to avoid a shareholder revolt and board spill.
Research on income protection insurance found many consumers have no idea about what was and wasn’t covered in their policy.
David Brown,a director of embattled insurance group ClearView and chief investment officer of PNG's public super fund,was accused of conspiracy to defraud.