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Life Insurance

APRA breaks down claim, dispute figures

28 April 2025

The prudential regulator has released annual claim and dispute data for the life sector, with distribution channel and company breakdowns...

TPD claim fails after form sent but not received

14 April 2025

A woman who posted a signed form opting in to insurance despite having a low superannuation balance cannot make a disability claim because her fund’s trustee says the declaration did not arrive...

NZ regulator checks up on advice reforms

07 April 2025

New Zealand’s Financial Markets Authority will review the accessibility of advice to determine if changes to regulations in the past few years have delivered for consumers...

TAL to take minority stake in Challenger

07 April 2025

Life insurer TAL has agreed to buy MS&AD Insurance Group Holdings’ 15.1% stake in listed Australian wealth group Challenger for ¥80 billion ($909.28 million)...

‘Light on detail’: budget leaves advisers disappointed

31 March 2025

Financial Advice Association Australia has criticised last week’s federal budget, saying it provides “very little for financial services, let alone financial advisers” and fails to address the rising cost of providing advice...

Advisers ‘can’t support’ draft reforms

31 March 2025

An adviser lobby group has attacked the federal government’s next tranche of advice reforms, saying the proposals are “pretty disappointing” after more than three years of work to improve accessibility and affordability of financial help...

Watchdog hits adviser with five-year ban

31 March 2025

Queensland adviser Grant Thomson has been banned from providing financial services for five years after he recommended levels of insurance coverage that incorporated mortgages clients had yet to obtain...