12 September 2022
A Treasury review of super reforms introduced last year includes examining “any unintended consequences and implementation issues” from the stapling measure since its commencement on November 1...
12 September 2022
MetLife did not breach its duty and obligations “in considering and declining” a total and permanent disablement claim in August last year, the Supreme Court of New South Wales says in a ruling last month...
12 September 2022
The Association of Financial Advisers has named the finalists for adviser and female excellence in advice awards...
05 September 2022
The Quality of Advice Review consultation paper has proposed removing the mandatory statement of advice , financial services guide and a raft of other measures to ease the “very heavy compliance burden” facing advisers...
05 September 2022
The Australian Securities and Investments Commission has warned it could take action against individual disability income insurance providers, after its review found some are using “intrusive measures” such as physical surveillance without basis to assess claims...
05 September 2022
The Association of Financial Advisers and the Financial Planning Association (FPA) are exploring a potential merger with the aim of creating a “unified voice” to represent the profession...
05 September 2022
The individual disability income insurance line may again be in “jeopardy” amid signs that providers are prioritising sales over product sustainability, Australian Prudential Regulation Authority Deputy Chair Helen Rowell warns...
05 September 2022
NobleOak Life says in-force premium is “the key value driver” of its business, fuelling a 35% rise in full-year underlying net profit after-tax to $9.5 million...
05 September 2022
MLC Life has appointed Lesley Mamelok as its new Chief Financial Officer from October 28...
29 August 2022
Individual disability income insurance made more than $1 billion in net profit for the year to June 30, reinforcing hopes the troubled line is on the mend after the Australian Prudential Regulation Authority took action, including capital measures, to force providers to improve product pricing and design...
29 August 2022
The Financial Planning Association wants the Australian Securities and Investments Commission industry levy freeze extended, saying the proposed measure will give its members “certainty” with their cost planning...
29 August 2022
ClearView Wealth says its life insurance arm “remains the group’s main profit driver” after the business achieved a 22% rise in overall full-year underlying net profit from continued operations to $26.4 million...
29 August 2022
The Labor Government has pushed ahead with its election promise to remove the tertiary qualification requirement for “experienced” financial advisers, as part of its review of adviser standards for the profession...
29 August 2022
Kaplan Professional has launched a paraplanning course designed for existing and new paraplanners as well as those seeking a pathway into the financial advice industry...
22 August 2022
The Australian Securities and Investments Commission has secured more than $102 million in remediation for Freedom Insurance customers who were, or may have been, mis-sold insurance between 2010 and 2018...
22 August 2022
A complainant who says he was “misled” into believing large rate increases would not occur with a level premium policy has lost his dispute...
22 August 2022
Challenger’s life business performed strongly in the last financial year, achieving a 18.4% rise in normalised earnings before interest and tax to $472.3 million from the prior corresponding 12-month period...
22 August 2022
MLC Life Insurance is looking to increase its share of the group insurance market as the business announced it has been re-appointed as Maritime Super’s insurance partner, effective last month...
22 August 2022
New Zealanders do not really understand how the country’s no-fault accidental injury compensation scheme works, potentially leaving them without critical life insurance coverage, according to new research from Partners Life...
15 August 2022
The Australian Financial Complaints Authority says the term “level” premium is confusing for life policyholders, leading many to believe the premiums they pay will not change...