31 October 2022
The Financial Services Council says the updated Life Insurance Code of Practice will include provisions to support consumers experiencing family and domestic violence...
31 October 2022
MetLife has appealed successfully against a court ruling that stated the Australian Financial Complaints Authority has authority to determine a complaint relating to superannuation that falls outside of section 1053 of the Corporations Act...
31 October 2022
A bipartisan Senate committee reviewing proposed legislation for the Compensation Scheme of Last Resort has released its findings, backing the financial redress program despite reservations from some stakeholders and also Coalition Senators on the committee...
31 October 2022
The Financial Planning Association has backed the Federal Government’s plan to review managed investment schemes...
31 October 2022
The Federal Government has set aside $7.2 million over two years from 2022/23 to establish the Youpla Group Benefits Program, according to Budget papers released last week by Treasurer Jim Chalmers...
31 October 2022
Investment management firm Challenger is focused on growing its life and funds management arms after disposing of its under-performing banking business...
31 October 2022
MLC Life Insurance announced today a series of changes to its line of retail income protection products that are aimed at improving the quality of coverage...
24 October 2022
The financial advice sector will pay about $68.234 million in levies as part of its contribution to the Australian Securities and Investments Commission’s regulatory work in the last financial year...
24 October 2022
Life insurance claims paid ratios for individual advised and group super risk products have been trending downwards since December 2020, according to the Australian Prudential Regulation Authority...
24 October 2022
The Financial Services Council has called for extensive changes to existing advice regulations to address the life insurance coverage gaps facing Australians...
24 October 2022
Disability income insurance new business reached $404 million in the 12 months to June 30, up 1.5% from a year earlier, research house Dexx&r says in a new report...
24 October 2022
AUB-owned Austbrokers is aiming to grow its life business after securing a partnership with Australian Unity Personal Financial Services...
24 October 2022
The Financial Planning Association has shortlisted the contenders for its annual awards recognising high standards of professionalism and quality of advice provided to clients...
17 October 2022
The Australian Financial Complaints Authority has ruled a financial planning firm “incorrectly” informed a client who was diagnosed with cancer that he had life insurance through his superannuation fund, causing him to miss out on critical cover...
17 October 2022
Queensland-based Totem Wealth Director James Carlos Reynolds has been permanently banned from providing financial services, the Australian Securities and Investments Commission announced...
17 October 2022
Fitch Ratings says life insurers in the Asia Pacific, including Australia, have “sufficiently deep” liquid assets to cover derivative exposures...
17 October 2022
Investment management firm Challenger has appointed Mandy Mannix as Chief Executive Customer, effective November 2...
17 October 2022
TAL will run a panel session this month for financial advisers who want to understand better how they can communicate with grieving clients...
10 October 2022
The Council of Australian Life Insurers has appointed Christine Cupitt as the new peak body’s first CEO...
10 October 2022
Integrity Life has signed an agreement with Coverforce to be the life insurance provider of its Group Income Protection products...