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...
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...
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...
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...
02 October 2023
Investment group Challenger has announced independent non-executive director Steven Gregg will retire at the annual general meeting on October 26...
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...
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...
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...
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...
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...
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...
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...
18 September 2023
The Financial Services Council has appointed AMP CEO Alexis George and BT Financial Group CEO Matt Rady to its board...
18 September 2023
TAL has updated its Accelerated Protection life products, redesigning the offerings to keep up with customers’ and advisers’ needs...