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Life insurers are underhandedly hiking premiums in a way that is misleading and fails to explain why they are rising, according to APRA and ASIC, warning that they will take regulatory action if practices do not improve.
The life insurer has made a series of appointments to its retail distribution team in the hopes of strengthening its licensee and adviser relationships.
Disability income product clients are choosing to hang on to existing policies at a higher rate than previously, according to DEXX&R.