Russell Hutchinson provides an example of why the policy wording of some income protection products should be changed.
Imagine this: a hardworking junior manager has finally been recognised for all his or her hard work and won the big job: a step up from, say, $60,000 a year to $120,000 plus car. Wow. Good for them!
Being a good conscientious person right after getting the new job they call you up and arrange to review their insurance package. Happily you set them up with a good loss of earnings or indemnity contract...MORE»
Monday, March 23rd, 6:00AM
Fidelity Life chief executive Milton Jennings said trauma insurance is problematic for the industry.MORE»
Thursday, March 19th, 6:00AM
Insurers are running a magnifying glass over their policy wordings after changes to the Fair Trading Act this week.MORE»
Sovereign needs to look for ways it can support its advisers better as the industry evolves, its chief officer of customer management and product says.MORE»
Asteron Life has maintained its A+ financial strength rating from Standard & Poor’s, signifying its continued strength in the life insurance industry.MORE»
Sovereign chief executive Symon Brewis-Weston has become one of five CEOs around the world to be recognised in 2015 by the United Nations for his progressive approach to workplace diversity and community engagement.MORE»
Two or three complaints a month are made to disputes resolution scheme FSCL about advisers who charge clients a fee when they do not take up their recommendations.MORE»
An industry commentator is urging the Financial Services Council to make public its quarterly member statistics. But one insurance boss says if that's going to happen, the Council will have to up its game.MORE»