Major life insurer TAL, owned by Dai Ichi Life, has taken a 15.1% stake in Challenger in a move seen as lifting its annuities reach.
Life/risk columnist, Col Fullagar, laments that 12 years after he wrote a damning assessment of claims handling, too little has changed.
The impact of governance policies have contributed to placing insurance inside superannuation under threat, according to Mercer.
Amid the debate over genetic testing, the FAAA has pointed out that those with negative outcomes can still access group cover via super.