FSC to rewrite life insurance code in 'plain English'
![Sally Loane, CEO of the Financial Services Council, whose members include life insurers, retail super funds and wealth ...](http://web.archive.org./web/20190412034804/https://www.afr.com/content/dam/images/h/1/c/3/0/u/image.related.afrIndexLead.320x210.h1cgtw.png/1552812481760.jpg)
The Financial Services Council has dropped plans to launch its new life insurance code in July following complaints it was not written in comprehensible English.
The Financial Services Council has dropped plans to launch its new life insurance code in July following complaints it was not written in comprehensible English.
Medibank says private health insurance is not the cause of the long term blowout in health care costs but an effective price taker and a value for money alternative for the taxpayer.
APRA chairman Wayne Byres says he is reluctant to be given powers, proposed by Labor, to select which funds would be allowed to continue providing default life insurance.
NIB CEO Mark Fitzgibbon wants a rethink on rules that bar insurers from funding primary medical care – which could boost the attempts to keep members and profits healthier.
Most CEOs with two earnings upgrades in four months would be walking on sunshine. But NIB boss Mark Fitzgibbon is sounding a few notes of warning.
Consumer advocates have lamented the failure of the Morrison government and Labor to deliver up to $3 billion in annual savings to young and low-income super members.
Medibank's Living Better app is one of a range of levers the insurer is pulling to arrest the drain of cash-strapped policyholders from the insurer.
Medibank Private is ready to pounce on smaller rival health insurers, with chief executive Craig Drummond predicting smaller players will be challenged by any new premiums environment.
The banking royal commission isn't just about bank CEOs. Get set for changes to how you pay your financial planner, get a new mortgage and what you do with your super when you move jobs.
MLC Life CEO David Hackett says limits on the grandfathering of commissions are the most likely reform to hit life insurers as a result of t...
Flat growth in the retail life insurance market has prompted MLC Life Insurance chief executive David Hackett to target the group insurance ...
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