17 July 2023
An Australian Financial Complaints Authority panel has told an insurer to review its decision to knock back income protection cover for a policyholder, saying it was not “fair and reasonable”...
17 July 2023
Financial planning software provider Asendium has partnered with broker LML Insurance Group to offer professional indemnity insurance to advisers struggling with soaring premiums...
17 July 2023
ASX listed life insurer ClearView Wealth has announced new executive appointments it says will accelerate its transformation and growth...
17 July 2023
MLC Life Insurance says sustainability has been top of mind in its new North Sydney office...
10 July 2023
The Financial Advice Association Australia says it has registered more than 8700 membership renewals following the merger of the Association of Financial Advisers and Financial Planning Association ahead of its first congress later this year...
10 July 2023
AMP has lost in a class action filed by its authorised financial advisers, who disputed changes made in a buyout policy that would result in them getting less money from selling their practices to the financial services provider...
10 July 2023
MetLife has released its 2022 Sustainability Report, focusing on steps it has taken towards environmental and diversity, equity and inclusion commitments...
10 July 2023
Six new courses to equip financial advisers for a fast-changing environment have been rolled out by TAL Risk Academy...
10 July 2023
PPS Mutual has appointed Bill Zaicos as its new Senior Business Development Manager in Victoria...
03 July 2023
The new Life Insurance Code of Practice comes into force at the start of this month, introducing more than 50 new consumer protection measures including a financial penalty of up to $100,000 for significant breaches and an extension of the moratorium on genetic testing...
03 July 2023
Financial advisers have questioned the Australian Securities and Investments Commission’s estimates of cost recovery levies for this financial year, warning they may have to pass on the increases to consumers...
03 July 2023
Australian academics say people are avoiding potentially life-saving genetic testing because they fear it will affect their life insurance policies...
03 July 2023
An income protection policyholder who sought compensation following a serious car accident has lost his claims dispute after failing to show that his injuries caused him to be unable to work for more than 28 days...
03 July 2023
The Australian Securities and Investments Commission has engaged with super trustees to ensure efforts are being made to consolidate duplicate member accounts following a review that found “troubling” practices from observed groups...
26 June 2023
The Financial Advice Association Australia has raised concerns over the future costs of running the Compensation Scheme of Last Resort after government funding for the program’s first year of operation ends...
26 June 2023
The Advisers Association has urged the Federal Government to put up “guardrails” as it proceeds with expanding access to retirement advice and exploring new advice channels...
26 June 2023
A widower has failed to win a life insurance payout because his wife did not declare ongoing alcohol induced pancreatitis...
26 June 2023
The Council of Australian Life Insurers has announced a new board director and member representative...
26 June 2023
Zurich has published a guide explaining how customers can tweak policy settings to make their life insurance more affordable...
19 June 2023
Life insurers have urged the Federal Government to consider allowing them to provide “limited advice” as Treasury prepares to consult on legislative changes to allow super funds to offer personal advice to members...