03 July 2017
More legislative clarity is needed around insurance complaints in superannuation if the Australian Financial Complaints Authority is to handle such cases effectively, two super bodies say in a joint submission to Treasury…
03 July 2017
Depression, anxiety disorders and substance abuse, the three most common mental health conditions, cost Australia about $12.8 billion a year, according to a study funded by Medibank Better Health Foundation…
03 July 2017
The Australian Securities and Investments Commission has permanently banned former AMP adviser David Fong for his dishonest conduct…
03 July 2017
Life insurers need approval from the Australian Prudential Regulation Authority before agreeing “reinsurance contracts that are potentially financial reinsurance contracts”, according to the regulator…
03 July 2017
The Australian Securities and Investments Commission has clarified its position on the use of restricted terms relating to the independence of financial advisers…
03 July 2017
Revenue and Financial Services Minister Kelly O’Dwyer will outline her vision for the financial advice profession at the Association of Financial Advisers annual conference…
03 July 2017
Financial advisers are increasingly servicing clients away from the office, with BT Financial Group reporting use of its BT Panorama app has nearly doubled…
26 June 2017
The Financial Planning Association says a single external dispute resolution body could harm third parties during a dispute…
26 June 2017
The Australian Securities and Investments Commission says life insurance statements of advice are not a compliance tool for advisers, and should benefit consumers…
26 June 2017
New cancer treatments shape as a significant cost for life insurers, according to Gen Re Chief Medical Officer John O’Brien…
26 June 2017
Individual lump sum life insurance lapse rates continue to fall, with research house Dexx&r reporting a 13.6% rate in the March quarter…
26 June 2017
The New Zealand Government has selected a working group to create its new code of conduct for financial advice…
26 June 2017
A former Guardian Financial Planning adviser has been banned for seven years after persuading clients to buy multiple life insurance policies through their superannuation funds…
26 June 2017
Financial comparison site Canstar says achieving adequate cover without paying very high premiums is a challenge when seeking funeral insurance products…
26 June 2017
Bronnie Abraham from Brisbane advice business Dolfinwise has won the Financial Planning Association’s Gwen Fletcher Memorial Award…
26 June 2017
MLC Life Insurance has appointed former AIA New Zealand head Natalie Cameron as Chief Claims Officer…
26 June 2017
Scor has appointed two key staff members to its Australian life reinsurance business…
26 June 2017
Association of Financial Advisers GM Member Services, Partnerships and Campus Nick Hakes has been appointed Vice-Chairman of the Asia-Pacific Financial Services Association’s International Certifications & Standards Board…
19 June 2017
Life insurers have lost $1.1 billion on disability income products over the past five years, based on data from the regulator, according to RGA Australia Head of Underwriting and Technical Services Meredith Barnes…
19 June 2017
Annuities are being sold to clients with minimal advice, the Financial Planning Association warns…