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Can individual Income Protection return to profit?

  • On 08/05/2019
The life insurance industry has been under constant attack for high commissions (Trowbridge report), and adverse consumer experiences with direct sales and poor value products (Royal Commission into Misconduct and ASIC REP 587).  Contrasting these consumer issues, is the poor profitability in many parts of the industry, which is concerning APRA. Following its thematic review […]
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Shifting the focus from Budget to Code

  • On 15/01/2019
It was a tense time for the superannuation industry as the Senate approached its final sitting week of 2018.  We all waited to find out whether the Protecting Your Superannuation package (PYSP) legislation would pass and if so, with what amendments. The announcement of the legislation at the May Federal Budget had been a surprise […]
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Fiscal Impacts of Removing Insurance in Superannuation

  • On 30/10/2018
Insurance in superannuation – balancing fiscal costs with social benefits The Productivity Commission (PC) released its draft report assessing the efficiency and competition in the Superannuation Industry in May 2018.  This report included recommendations to improve the provision of insurance through superannuation and some of these were similar to changes announced by the Government at […]
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Retail Insurance Indexed Cover can seriously damage your wealth

  • On 03/10/2018
Over the last decade, we have seen significant change in the Retail Life insurance industry.  Life companies and some specialist providers continue to strive for greater value and appeal to customers in a highly competitive market. In the Group Life insurance industry, Trustees of superannuation funds have obligations to consider the affordability of any default […]
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