20 March 2023
Complaints across benefit types saw a “significant” increase in the 2021/22 reporting period, in some cases by the thousands, the Life Code Compliance Committee says in a new report...
13 March 2023
Financial planners say they continue to have reservations about the proposed Compensation Scheme of Last Resort and the Financial Accountability Regime after legislation for the two Hayne royal commission-backed measures was introduced in the House of Representatives last week...
13 March 2023
TAL has entered into an agreement to sell its financial advice licensee to CountPlus, an integrated accounting and wealth advisory firm...
13 March 2023
Advice firm Invest Blue has commenced a nine-day fortnight pilot to provide full-time employees, including its financial advisers, an extra 26 days off a year...
13 March 2023
Six banking and financial services institutions who charged customers fees for services they did not receive have paid or offered a total of $4.7 billion in compensation as at the end of last year, the Australian Securities and Investments Commission says.
13 March 2023
The Financial Planning Association has released new guidance to help its members strengthen their vigilance against cyber threats...
13 March 2023
The Australian Prudential Regulation Authority will proceed with plans to remake four prudential standards without amendments to the sunsetting date of April 1 after completing a short consultation...
06 March 2023
The life industry suffered a 59.3% slump in net profit after tax to $500 million for the year to December, dragged down by investment losses of around $6.6 billion, the Australian Prudential Regulation Authority says in its latest industry update...
06 March 2023
The Association of Financial Advisers and the Financial Planning Association will proceed with a planned merger after their members voted overwhelmingly in favour of the move...
06 March 2023
A new report has flagged a “positive” outlook for financial advisory firms, which in recent years have been hobbled by increased regulation, education requirements and rising running costs...
06 March 2023
MetLife has released its annual state-of-the-industry report, covering key areas including under-insurance, regulatory reforms and financial advisers...
06 March 2023
Certus Life has started trading as PSC Life since the start of this month, reflecting its company positioning under PSC Insurance Group...
06 March 2023
The AIA Australia annual adviser three-day summit starting tomorrow at the Australian National Maritime Museum has a packed agenda with speakers set to discuss regulatory changes and other challenges facing the industry...
06 March 2023
Applications for another 12 women finance scholarships have opened as part of an initiative backed by the Federal Government...
06 March 2023
A number of life industry players have been recognised for implementing workplace measures that support gender equality in areas like pay gap and offering family-friendly policies like paid parental leave and flexible working arrangements...
06 March 2023
MetLife Australia has urged advisers to use its 360Health program to support their personal wellbeing and also that of their clients...
27 February 2023
S&P Global Ratings says individual disability income insurance profitability could “deteriorate”, following similar warnings from the prudential regulator...
27 February 2023
The Federal Government’s launch of a consultation paper over a proposal to legislate an “agreed objective” of superannuation has the backing of life insurers...
27 February 2023
A life insurer seeking discharge from liability under a policy upon payment of “certain monies” in relation to a claim made by the estranged wife of a co-insured, who took his own life after murdering his de facto partner in 2016, has been granted approval by the Federal Court to do so...
27 February 2023
The Australian Financial Complaints Authority has defined how JobKeeper payments should be treated in relation to calculation of policy benefits after a complainant insisted the money from the Federal Government to support covid-affected businesses is an expense, not income...