30 October 2023
The Federal Court has dismissed Australian Securities and Investments Commission civil penalty proceedings against Diversa Trustees, ruling the business did not fail to take reasonable steps to ensure its adviser representatives complied with financial services laws...
30 October 2023
The Financial Advice Association Australia announced today Strategic Wealth Partner and financial adviser Andrew Dickinson has won the Gwen Fletcher Memorial Award for semester two of 2023...
30 October 2023
Financial Advice New Zealand has opened nominations for the 2024 Financial Advice New Zealand Awards...
23 October 2023
Cost of living pressures led to higher lapse rates while declining adviser numbers have affected sales of death and disability income insurance policies, consultancy KPMG says in in its latest annual review of the life industry...
23 October 2023
An insurer’s application to stay the operation of an Australian Financial Complaints Authority superannuation dispute ruling has been dismissed by the Federal Court...
23 October 2023
Latest Australian Prudential Regulation Authority data shows total and permanent disability with a claims paid ratio of 78%, the highest among seven life product lines covered for the rolling 12-month period to June 30...
23 October 2023
Increased longevity will have implications for the life insurance industry in Australia and globally, according to an annual report from Capgemini...
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...
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...
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...
16 October 2023
TAL has announced new executive leadership appointments within its Group Life & Retirement business, Individual Life business, and Technology...
16 October 2023
The Financial Advice Association Australia has finalised contenders for its first ever excellence awards...
16 October 2023
Specialist life insurance company PPS Mutual has appointed Ivan Werner as Business Development Manager NSW...
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...
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...
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...
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...
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...
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...
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...