12 December 2022
The Financial Planning Association has backed key proposals in the Australian Law Reform Commission second interim report on ways to keep existing financial services regulations “fit for purpose”...
12 December 2022
Moody’s Investors Service has kept its outlook for the global life industry at stable, citing the sector’s strengths including strong capital levels that would help it weather slowing economic growth...
12 December 2022
Asteron Life New Zealand has launched a pilot program to provide its case managers and customer service staff with more emotional support...
12 December 2022
TAL has appointed Naomi Edwards to its board as an independent Non-Executive Director...
05 December 2022
Affordability and cost challenges, along with product design, are among the key issues facing the life industry after it finished the 2021/22 financial year with a profit of about $500 million, a KPMG webinar heard...
05 December 2022
The Advisers Association has urged the profession to consider raising qualification standards in preparation for likely changes after the Quality of Advice Review hands its report to the Government this month...
05 December 2022
The Financial Planning Association says more than 1200 delegates attended its annual Professionals Congress event last week, its first in-person gathering in three years since the pandemic broke out in March 2020...
05 December 2022
The Financial Services Council says an additional two million retirees would be better off by 2040 and 3.4 million by 2060 if changes as proposed by the Quality of Advice Review are implemented...
05 December 2022
MLC Life has appointed Catherine Dube to its board in a non-executive director role...
28 November 2022
The life industry suffered an 87% contraction in net profit to $200 million for the 12 months to September as unrealised losses on interest-bearing assets hit investment returns, latest Australian Prudential Regulation Authority data shows...
28 November 2022
The Financial Planning Association has pushed back against a renewed call for a total ban on commission and all forms of conflicted remuneration, weeks before the Quality of Advice Review final report is submitted to the Federal Government...
28 November 2022
Third-party insurance administrator Australian Group Insurances has created a spinoff company aimed at strengthening its digital capabilities...
28 November 2022
The Financial Planning Association has named the winners of its annual awards celebrating excellence in professionalism and client advice provision...
21 November 2022
Quality of Advice reviewer Michelle Levy says ditching life insurance commissions would do more harm than good, and could lead to more advisers exiting the industry...
21 November 2022
The life industry globally ought to review its strategy after a confluence of factors in recent years affected its performance, consultant McKinsey & Company says in a new report...
21 November 2022
Affordability remains a key challenge for the financial advice industry despite Australians indicating they are willing to pay more to engage an adviser, a new report from research house Investment Trends says...
21 November 2022
A funeral plan insurance policyholder who wants a refund of premiums she has paid over a period of more than 10 years, claiming the insurer failed to “adequately” disclose to her that rates were not capped and were payable until age 90, has lost her dispute...
21 November 2022
The Australian Prudential Regulation Authority has started a short consultation over its plans to remake four life insurance standards that are due to sunset – or cease to exist – on April 1 next year...
14 November 2022
The Association of Financial Advisers and Financial Planning Association say their merger proposal is progressing to the next stage of consultation, since the move was first announced in September...
14 November 2022
MLC and ClearView Wealth have backed a proposal to keep life commissions, saying the recommendation made by the Quality of Advice Review will support efforts to keep advice accessible to Australians...