25 July 2022
About 77% of advisers agree helping their clients through claims is a key part of their offering and 78% believe they can provide a lot of value at claim time, according to new research from life insurer TAL...
25 July 2022
A complainant who says “inappropriate advice” from his adviser led to a “loss of cover” for income protection benefits has won his dispute...
25 July 2022
Specialist insurance advisory firm Certe announced today it has acquired financial advisory business Genesis Financial Partners, creating an integrated professional services firm with more than 20 staff including nine advisers...
25 July 2022
The next National Drought Agreement should include provision of advice services to help rural communities recover financially from dry spells, the Financial Planning Association says...
18 July 2022
Australia’s life industry suffered a decline in profitability last year, dragged down mainly by $US800 million of reserve strengthening, according to Swiss Re’s latest Sigma report...
18 July 2022
A University of South Australia study has found the high cost of financial planning services is preventing lower socio-economic groups from accessing advice for life insurance and other financial investments that could greatly improve their retirement security...
18 July 2022
A complainant who did not disclose he had previously used cocaine during a “boys' weekend” trip to Las Vegas in his application form for life insurance has lost his claims dispute...
18 July 2022
The Actuaries Institute has proposed creating a new category called “guidance” to help consumers with their financial planning needs...
18 July 2022
AIA New Zealand has launched a digital direct partnership with insurance platform Quashed to distribute its AIA Starter Plans products...
11 July 2022
Select AFSL and its sales partners, BlueInc Services and Insurance Marketing Service, engaged in unconscionable conduct when selling life, funeral and accidental injury insurance, the Federal Court has found in proceedings launched by the Australian Securities and Investments Commission...
11 July 2022
The exemption to the ban on conflicted remuneration for life risk insurance products should stay, the Financial Services Council says in a detailed submission explaining why the current commission-based model helps consumers...
11 July 2022
The Association of Financial Advisers has pushed back against calls for life commissions to be banned, dismissing arguments as “flawed logic” as the Treasury-led Quality of Advice Review prepares to provide its report to the Government by December 16...
11 July 2022
An AIA income care policyholder who complained the insurer extended his policy up to age 70 without informing him and raised his monthly premium by 450% instead of 9.5% as stated in a letter has lost his dispute...
11 July 2022
The Association of Financial Advisers is seeking nominations for adviser of the year and female excellence in advice...
11 July 2022
Third-party insurance administrator Australian Group Insurances says Benno Lyakurwa has taken up the newly created CEO role...
11 July 2022
AIA Australia is offering premium waiver and policy suspension options as part of a new assistance package for its customers affected by the latest NSW flood...
04 July 2022
Life insurer AIA has released a report highlighting the “inextricable link” between the environment and public health, with climate change singled out as the greatest global threat...
04 July 2022
Members of the Authorised Representatives Association members have voted to close the peak body, joining The Advisers Association at the start of this month...
04 July 2022
The Financial Planning Association has prepared a series of 14 videos to help its members provide statements of advice to clients via a video format while remaining within the regulatory framework...
04 July 2022
MLC Life Insurance has made a series of enhancements to its retail products following feedback from advisers...