Challenges and opportunities as population ages: Capgemini
23 October 2023
Increased longevity will have implications for the life insurance industry in Australia and globally, according to an annual report from Capgemini...
Life Insurance
FAAA announces new board members
23 October 2023
The Financial Advice Association of Australia has announced three new board members who will start their three-year terms at the annual general meeting on November 20...
Insurer cleared of ‘unlawful discrimination’
16 October 2023
The ACT Civil and Administrative Tribunal has upheld an insurer’s decision to refuse cover to an insurance applicant with bipolar disorder and other mental health conditions...
Advisers mourn death of ‘industry legend’
16 October 2023
The advice industry is mourning the loss of Bongiorno Group director, Tony Bongiorno, who died last week after an accident while cycling for charity...
TAL names group life, commercial chiefs
16 October 2023
TAL has announced new executive leadership appointments within its Group Life & Retirement business, Individual Life business, and Technology...
FAAA finalises adviser awards contenders
16 October 2023
The Financial Advice Association Australia has finalised contenders for its first ever excellence awards...
PPS Mutual expands NSW business development team
16 October 2023
Specialist life insurance company PPS Mutual has appointed Ivan Werner as Business Development Manager NSW...
Industry in-force premium rises to $16.4 billion
09 October 2023
Life in-force annual premium – comprising of lump sum, disability and group risk business – rose 2.2% to $16.4 billion for the year to June 30, but new annual premium declined 4.83% to $1.67 billion, research house Dexx&r says...
Insurer’s decision upheld in income protection dispute
09 October 2023
A part-time cabinetmaker who lodged an unsuccessful income protection claim after suffering a head injury at work has lost his dispute over insurer TAL’s decision to reject his claim for providing insufficient information to show he was working for more than 20 hours a week before the injury...
ASIC pursues funeral insurer case after Federal Court decision
09 October 2023
The Australian Securities and Investments Commission has filed an appeal to challenge a Federal Court decision in relation to one of the regulator’s claims against ACBF Funeral Plans...
CALI names recipients of female adviser support program
09 October 2023
The Council of Australian Life Insurers has named the recipients of its inaugural support program for mid-career female financial risk advisers...
Costello to speak at financial services summit
09 October 2023
Former federal treasurer Peter Costello will speak at the inaugural Trans-Tasman Strategic Leaders conference in Auckland next year, the Financial Services Councils of Australia and New Zealand announced today...
‘Encouraging increase’ in self-reported breaches: life code committee
02 October 2023
The independent Life Code Compliance Committee has described a rise in reported significant breaches as “encouraging”, saying it shows life insurers are taking their reporting obligations seriously...
CALI takes over life code as consumer group raises wording concerns
02 October 2023
The Council of Australian Life Insurers has taken over governance of the Life Insurance Code of Practice from the Financial Services Council...
Advisers call for self-regulation
02 October 2023
The Advisers Association has launched a push for industry self-regulation given the substantial changes that have taken place in the last two decades...
AMP appeals class action ruling over buyout changes
02 October 2023
AMP is appealing against a Federal Court ruling in a class action lodged by its authorised financial advisers in relation to changes the listed financial services provider had made to its buyout program...
Trans-Tasman summit to focus on policy direction, consumer trends
02 October 2023
The first Trans-Tasman Strategic Leaders Summit for the financial services sector is an opportunity to understand policy direction and consumer trends in Australia and New Zealand...
Challenger board director to retire
02 October 2023
Investment group Challenger has announced independent non-executive director Steven Gregg will retire at the annual general meeting on October 26...
FAAA gears up for inaugural congress
25 September 2023
The Financial Advice Association Australia inaugural conference is set for November following its creation from the merger of the Association of Financial Advisers and Financial Planning Association earlier this year...
Pensioner wins dispute over ‘inappropriate’ life advice
25 September 2023
A pensioner who had difficulty paying her monthly life premiums since 2012 and claimed her adviser had provided “inappropriate” financial advice has substantially won her dispute...