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...
Life Insurance
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...
Report outlines risks facing European life industry
25 September 2023
Gallagher Re has warned a recession could impact the European life industry in many ways, such as affecting the new business growth trajectory or reducing investment returns earned on asset portfolios...
Research shows financial worries taking toll on employee wellbeing
25 September 2023
Life insurer TAL says a study it commissioned has found a strong correlation between financial literacy and financial stress, indicating there is a role for employers to play in helping employees who are worried about their finances...
CBA CCI settlement gets nod
18 September 2023
The Federal Court of Australia has approved a $50 million settlement of a class action brought against Commonwealth Bank of Australia over consumer credit insurance...
ClearView names banker to fill new chief of staff role
18 September 2023
Life insurer ClearView Wealth has hired Sharon Leong to fill the newly created position of Chief of Staff, reporting to MD Nadine Gooderick...
ANZIIF crowns Making a Difference life winner
18 September 2023
The Australian and New Zealand Institute of Insurance and Finance has awarded this year’s Making a Difference Award for life insurance to Swiss Re Claims Service Manager Lucy Hartley...
FSC names board additions
18 September 2023
The Financial Services Council has appointed AMP CEO Alexis George and BT Financial Group CEO Matt Rady to its board...
TAL updates Accelerated Protection offerings
18 September 2023
TAL has updated its Accelerated Protection life products, redesigning the offerings to keep up with customers’ and advisers’ needs...
Asteron Life shares mental health support program success
18 September 2023
Suncorp-owned New Zealand life insurer Asteron Life says its mental health support program, offered since 2020, has helped customers receive the assistance they need...
New legislation offers pathway for ‘experienced’ advisers
11 September 2023
Parliament has passed legislation paving the way for “experienced” financial advisers to remain in the profession without having to meet additional qualifications criteria...
Lawmakers mull motion to regulate life industry’s use of genetic tests
11 September 2023
Politicians will consider a motion to introduce regulations that will bar life insurers from discriminating against customers based on their genetic test results...
Integrity Life to quit selling retail products via advisers
11 September 2023
Integrity Life will stop selling retail life products via the advice channel from September 29 due to declining numbers of advisers...
Insurer entitled to decline fibromyalgia trauma claim
11 September 2023
A complainant who claimed a $436,543 benefit due to a “loss of independent existence” will not be compensated after a dispute ruling decision found the insured had not met the policy’s terms for a payout...
Rating agency report studies covid impact on reinsurers
11 September 2023
AM Best has released a report on the state of the life reinsurance sector including the impact of covid on the industry...
AustralianSuper sued over multiple accounts
11 September 2023
The corporate regulator has launched civil penalty proceedings against AustralianSuper over its alleged failures to “promptly identify and merge” multiple accounts held by the same members, causing them to pay more insurance premiums and administration fees than necessary...