FSC announces director’s departure
03 October 2016
Financial Services Council Director of Policy Andrew Bragg will step down at the end of next month…
Life Insurance
Life code not good enough for October start: AFA
26 September 2016
The Association of Financial Advisers has called for substantial improvements to the draft Life Insurance Code of Practice, even if it means delaying the planned start date…
S&P drops banks’ life insurer ratings
26 September 2016
S&P Global Ratings has lowered from AA- to A+ the long-term ratings on six insurance entities belonging to three major Australian banks…
Zurich clears court hurdle for Macquarie Life purchase
26 September 2016
Zurich Australia is to become the country’s fourth-biggest retail life insurer after the Federal Court gave it the green light to take over Macquarie Life’s risk business…
Default income cover ‘unfair’ for young super members
26 September 2016
The structure of default insurance within MySuper products is unfair for younger members who are essentially subsidising older people, according to Willis Towers Watson…
FPA week helps more Australians ‘dare to dream’
26 September 2016
The 16th annual Financial Planning Week has been hailed a success, notching 269,000 views on Facebook, reaching 38,100 users on Twitter and recording more than 4100 visits to an online quiz page…
EQC deputy joins Cigna board
26 September 2016
Cigna New Zealand has appointed Earthquake Commission Deputy Chairman Mary-Jane Daly as an independent director…
‘Complex’ life code ignores advisers, says FPA
19 September 2016
The Financial Planning Association has criticised the proposed life insurance code of conduct for being too complex and ignoring the role of financial advisers…
AFA calls for standard on group claims
19 September 2016
The Association of Financial Advisers has questioned the lack of rules on handling group life insurance claims
Lump sum sales enjoy rebound
19 September 2016
Lump sum life insurance new business sales have bounced back after falling for two quarters, according to the latest figures from research house Dexx&r…
Ex-AMP adviser continues fight against ASIC ban
19 September 2016
A former AMP adviser has applied for a review of his permanent ban, imposed by the Australian Securities and Investments Commission…
AFA flags money-laundering risk in life cover
19 September 2016
The Association of Financial Advisers says life insurance should be included as a risk in government advice on money laundering and terrorism financing…
AMP streamlines life insurance platform
19 September 2016
AMP has made a number of design and technology changes to the life insurance components of its adviser platform Elevate Online…
ASIC hits WA dealer group over compliance failings
19 September 2016
Concerns over compliance at Perth-based Neo Financial Solutions have resulted in regulators imposing an enforceable undertaking…
AFA elects new president
19 September 2016
Association of Financial Advisers stalwart Marc Bineham has been elected President of the group, effective next month…
NZ revises advice industry code
19 September 2016
New Zealand financial advisers must now ensure clients understand any limitations in the personalised service they receive…
AFA names award finalists
19 September 2016
The Association of Financial Advisers has named the finalists for its adviser, practice and female excellence in advice awards…
Life insurer disputes outnumber adviser cases: FOS
12 September 2016
Disputes concerning life insurers lodged with the Financial Ombudsman Service outnumbered those against financial advisers in the year to June 30…
Industry ‘must celebrate’ strong claims record
12 September 2016
The life insurance industry should better promote the benefits it provides consumers by paying most claims, according to BT Head of Life Insurance Phil Hay…
Life cover searches reveal ‘robust’ requirements
12 September 2016
Research among more than 10,000 users of the Canstar product ratings website shows that more than 40% of people searching for life insurance are seeking cover above $1 million…