27 March 2023
The Productivity Commission says there may be an “expanded” role for life insurers and workers’ compensation schemes as the country grapples with worsening mental health...
27 March 2023
Challenger MD Nick Hamilton has called for potential changes to Australia’s financial advice industry to also take into account the needs of retirees...
27 March 2023
ClearView Wealth today unveiled changes to its life insurance products range, including extending the age for total permanent disablement cover to 70...
20 March 2023
Australia scored lower than other advanced economies and even emerging markets in a new Swiss Re study on life and health insurance availability, accessibility and affordability...
20 March 2023
The Australian Securities and Investments Commission has moved to provide life insurers with “conditional relief” from design and distribution obligations in relation to re-issuing of policies...
20 March 2023
New Zealand’s Financial Markets Authority says the country’s financial advice regulatory regime is now in full effect following the end last week of the two-year transitional licensing phase...
20 March 2023
The Advisers Association has called for a “co-ordinated” approach to address the challenges facing the profession such as talent exodus and meeting the Government’s new education requirements...
20 March 2023
Queensland-based adviser Douglas Cecil Allen has been banned from providing financial services for three years after he was found to have provided clients with misleading or false statements...
20 March 2023
NEOS has won its first Life Company of the Year award, edging out TAL and MetLife. The business also triumphed in other categories in the Association of Financial Advisers’ annual awards event...
20 March 2023
An adviser who falsified his financial exam result and went on to provide advice has been permanently banned from the industry...
20 March 2023
The Council of Australian Life Insurers has added to its executive team with two new appointments...
20 March 2023
Overall life insurance disputes rose 30% last year to 2474, due mainly to complaints lodged against funeral products sold by Youpla, which collapsed last year and required the Federal Government to step in with a financial redress scheme for affected policyholders...
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...