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Income protection

December 2024

NAB has sold the final 20pc of MLC Life to Nippon of Japan for $500 million.

NAB offloads rest of MLC to Nippon, new life insurer Acenda created

MLC Life Insurance will merge with the local subsidiary of Resolution Life to create Acenda, after Nippon Life bought Resolution for $US8.2 billion.

May 2024

Jess Brady spent four months in and out of hospital after a major health scare.

‘I spent four months in and out of hospital thanking my old boss for this advice’

After a potentially life-threatening gallbladder condition, Jessica Brady has two goals: Listen to her body, and make sure young people are prepared for the worst.

August 2023

Stephen Jones is under pressure from insurers to reform financial advice laws.

Labor inaction leaves customers wasting money on insurance

The delays by Stephen Jones are leaving Australians stranded in unnecessarily expensive life insurance products or without cover they need, industry warns.

February 2021

AFR

How to reduce income protection costs as premiums soar

If you’re facing an increase of up to 70 per cent, you’re not alone. We outline ways to save by working out which features are essential.

December 2020

Coverforce’s management is working on an MBO, according to sources.

Pemba-owned Coverforce’s top brass plots MBO

There’s a potential shake-up on the way at the top of Australia’s largest privately owned insurance broker Coverforce. 

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The ASIC report found many members were not aware they had super insurance coverage, or that they were paying for it.

'Paying for junk': Super insurance gets mixed review

Australians fork out more than $4.1b a year from their super for insurance, APRA says, but value for money can be very hit and miss.

September 2020

Depending on the way your insurance is organised, the annual renewal commission charge might be as much as 30 per cent of the premium.

Why am I paying insurance commissions and getting no advice?

Reputable firms should be cutting premiums under a fee-for-service arrangement, writes John Wasiliev who answers your questions on super.

New Zealand Prime Minister Jacinda Arden has made climate change policy one of her government's priorities.

New Zealand makes climate reporting compulsory

The island country has become the first in the world to make climate risk reporting mandatory for banks, asset managers and insurers.

February 2020

The strike comes at a precarious time for Hutchison, which has already suffered ship cancellations due to the coronavirus.

Hutchison wharves shut down over union insurance, automation

Wharfies will strike for 24 hours over a union income insurance fund that Hutchison complains is triple the cost of the union's own industry fund policy.

One observer says Regan has been prepared to be ruthless and make hard decisions, in sharp contrast to previous management teams.

Insurers take a dose of the banking blues

In the post-Hayne world, CBA is leading the recovery. But the insurers, faced with a series of external factors, continue to languish.

July 2019

Attorney-General and Minister for Industrial Relations Christian Porter accused the union of "wage theft"

ETU accused of $17m 'wage theft' as IR bill up for vote

The Morrison government has accused the Electrical Trades Union of engaging in millions of dollars in "wage theft" through its worker entitlement fund as it seeks to pass legislation to regulate the funds.

May 2019

AMP LOGO- The new CEO of AMP Mike Wilkins has been ushered in rafter the previous CEO Craig Meller and the Chairman Catherine Brenner stood down after royal commission revelations of misconduct by the company?s staff, 6 May 2018.

ASIC chalks up early win with AMP admission over rewriting polices

The wealth giant has admitted some of its financial planners churned customers into similar, new insurance policies so they could claim higher commissions.

Original URL: https://www.afr.com/topic/income-protection-insurance-hox