AIA hosts junior clinic with English Premier League stars
24 July 2023
Star players from English Premier League team Tottenham Hotspur have shared a kickabout with youth Perth athletes as part of an AIA-hosted event...
Life Insurance
MLC pumps up Vivo program
24 July 2023
MLC Life Insurance is improving its one-stop-shop Vivo holistic health, wellness and recovery program...
Advisers raise ASIC levy concerns, advice reforms with minister
17 July 2023
Advisers have communicated their cost concerns to Financial Services Minister Stephen Jones, particularly in relation to an expected rise in annual levies paid to the Australian Securities and Investments Commission...
Colonial First State settles class action for $100 million
17 July 2023
Colonial First State Investments has reached an in-principle agreement to pay $100 million to settle a class action claim in relation to adviser commissions and fees charged to super members between July 2013 and June 2020...
Woman wins review of income protection claim rejection
17 July 2023
An Australian Financial Complaints Authority panel has told an insurer to review its decision to knock back income protection cover for a policyholder, saying it was not “fair and reasonable”...
Asendium partners with broker to offer reduced rate PI
17 July 2023
Financial planning software provider Asendium has partnered with broker LML Insurance Group to offer professional indemnity insurance to advisers struggling with soaring premiums...
ClearView announces executive leadership promotions
17 July 2023
ASX listed life insurer ClearView Wealth has announced new executive appointments it says will accelerate its transformation and growth...
MLC Life moves to new Sydney office
17 July 2023
MLC Life Insurance says sustainability has been top of mind in its new North Sydney office...
FAAA member renewal rate 'exceeds 80%’
10 July 2023
The Financial Advice Association Australia says it has registered more than 8700 membership renewals following the merger of the Association of Financial Advisers and Financial Planning Association ahead of its first congress later this year...
Court rules against AMP in class action
10 July 2023
AMP has lost in a class action filed by its authorised financial advisers, who disputed changes made in a buyout policy that would result in them getting less money from selling their practices to the financial services provider...
MetLife outlines environmental commitments in sustainability report
10 July 2023
MetLife has released its 2022 Sustainability Report, focusing on steps it has taken towards environmental and diversity, equity and inclusion commitments...
Life insurance education courses launched for financial advisers
10 July 2023
Six new courses to equip financial advisers for a fast-changing environment have been rolled out by TAL Risk Academy...
PPS Mutual adds to Victoria team
10 July 2023
PPS Mutual has appointed Bill Zaicos as its new Senior Business Development Manager in Victoria...
New life code starts
03 July 2023
The new Life Insurance Code of Practice comes into force at the start of this month, introducing more than 50 new consumer protection measures including a financial penalty of up to $100,000 for significant breaches and an extension of the moratorium on genetic testing...
Advisers concerned over increase in ASIC levy
03 July 2023
Financial advisers have questioned the Australian Securities and Investments Commission’s estimates of cost recovery levies for this financial year, warning they may have to pass on the increases to consumers...
Research backs case for laws around genetic testing results
03 July 2023
Australian academics say people are avoiding potentially life-saving genetic testing because they fear it will affect their life insurance policies...
Car crash victim loses dispute over "out of action” policy benefit
03 July 2023
An income protection policyholder who sought compensation following a serious car accident has lost his claims dispute after failing to show that his injuries caused him to be unable to work for more than 28 days...
ASIC warns super trustees “not doing enough” to clamp down on duplicate accounts
03 July 2023
The Australian Securities and Investments Commission has engaged with super trustees to ensure efforts are being made to consolidate duplicate member accounts following a review that found “troubling” practices from observed groups...
Last resort compensation scheme: advisers concerned over ‘running costs’
26 June 2023
The Financial Advice Association Australia has raised concerns over the future costs of running the Compensation Scheme of Last Resort after government funding for the program’s first year of operation ends...
Advisers want ‘guardrails’ to go with advice reforms
26 June 2023
The Advisers Association has urged the Federal Government to put up “guardrails” as it proceeds with expanding access to retirement advice and exploring new advice channels...