27 November 2023
iExtend Holdings and its subsidiary iExi have entered into a court enforceable undertaking with the corporate regulator after the businesses were found to have provided life insurance services without an Australian financial services licence...
27 November 2023
WT Financial Group is acquiring Millennium3 Financial Services, a financial advice network with more than 140 wealth and personal risk insurance advisers operating in more than 75 privately-owned practices across the country...
27 November 2023
The Federal Court has fined Mercer Financial Advice $12 million for wrongfully charging clients fees for services they did not receive and other breaches, including failure to provide fee disclosure statements...
27 November 2023
Australia still faces a shortage of financial advisers even as recent declines in numbers appear to have plateaued, Rainmaker Information says in a new report...
27 November 2023
AMP will settle a class action lodged by its financial advisers for $100 million after the Federal Court ruled against the business in July, and the two sides agreed to engage in mediation...
27 November 2023
MLC Life has announced three new business development manager appointments to its Northern Region Retail Distributions team...
27 November 2023
The Financial Advice Association Australia has named the winners of its inaugural excellence awards, launched after the peak body was created this year from the merger of the Association of Financial Advisers and Financial Planning Association...
20 November 2023
Reactions from advisers have been mixed after Treasury launched draft legislation to implement the first phase of its response to the Quality of Advice Review final report’s recommendations...
20 November 2023
The Australian Financial Complaints Authority is encouraged by the decline in life insurance disputes, which fell 24% to 1898 in the last financial year and accounted for 2% of overall cases lodged with the ombudsman...
20 November 2023
Asteron Life has appointed Kirsten Young as National Manager Adviser Distribution, following a review of the Suncorp-owned New Zealand life insurer’s management structure...
20 November 2023
Life insurer TAL says it paid $2 billion in claims during the six months to September, a record for a half-year period in its history...
20 November 2023
The Financial Advice Association Australia has launched a one-stop career planning portal for the profession...
13 November 2023
The Australian Securities and Investments Commission has finalised the funding levy that advisers will pay for the 2022/23 financial year...
13 November 2023
A complainant who disagreed with his insurer’s decision to reject a second claim he made under his trauma policy for a cancer diagnosis has lost his dispute...
13 November 2023
ClearView Wealth says its core life business continues to perform well, registering strong growth in new business since July 1, the start of its new 2023/24 financial year...
13 November 2023
The Financial Advice Association Australia is stepping up its recruitment efforts to attract more fresh graduates to the profession, creating a Head of University and Student Programs role to reach out to tertiary students...
13 November 2023
The Australian Prudential Regulation Authority has informed life insurers of a minor amendment to Prudential Standard LPS 310 Audit and Related Matters...
06 November 2023
The Advisers Association has called for a change in exam policy, saying the current test has served its purpose and is therefore fast approaching its use-by date...
06 November 2023
MLC Life Insurance has appointed Jane Murray as COO and Kristin Miller as Chief People Officer...
06 November 2023
Financial Advice New Zealand has appointed Tony Dench as its interim CEO as it searches for a successor for the outgoing Katrina Shanks...