26 April 2022
The Treasury-led Quality of Advice review may lead to the “biggest shake-up” seen in years for the advice industry, Adviser Ratings says, as efforts to reverse the sector’s decline continue...
26 April 2022
The Financial Planning Association has voiced its concerns again over the state of the professional indemnity insurance market in Australia, after it emerged that AIG will cease offering the product to financial planners later this year...
26 April 2022
Compare Club has acquired Melbourne-based broker Lifelong Insurance Solutions, a move the comparator says is aimed at strengthening its presence in the life space...
26 April 2022
About 73% of reversed disability income insurance claims were changed after the initial decision was determined to be incorrect, according to new data from the Australian Prudential Regulation Authority...
26 April 2022
AIA Australia says it has appointed Kristy Redfern as General Counsel, with effect from May 30...
11 April 2022
Relief measures introduced during the pandemic to support advisers, including giving more them more time to prepare statements of advice, will stop on Friday...
11 April 2022
The Federal Court has ordered Westpac-owned BT Funds Management to pay a $20 million penalty for incorrectly charging superannuation members insurance premiums that included commission payments...
11 April 2022
Lockdown measures aimed at suppressing coronavirus after the pandemic broke out in March 2020 have taken a toll on mental wellbeing, AIA says in a new report...
11 April 2022
Westpac gave misleading advice when it arranged for a customer to acquire an income protection (IP) insurance policy that only provided benefit payments if an injury left the insured “severely disabled” and must reimburse him for the premiums paid, the Australian Financial Complaints Authority says in a dispute ruling...
11 April 2022
Australian investment consultancy Frontier Advisors says Cecily Williams has joined as Principal Consultant, a senior client-facing role across a range of sectors such as insurance and superannuation investors...
11 April 2022
MLC Life Insurance has teamed up with TelstraSuper to pilot a cancer screening awareness program...
04 April 2022
Life insurers reversed about 45% of claims decisions following a customer complaint, raising concerns over whether they are assessing claims properly and the adequacy of service provided to policyholders...
04 April 2022
The Financial Services Council has welcomed the additional $547 million in Commonwealth funding for mental health programs, as outlined in the Federal Budget 2022/23 last week by Treasurer Josh Frydenberg...
04 April 2022
A complainant who disputed the increased premiums charged to two policies he held with AIA has been told the new rates were raised “lawfully” and were “consistent” with the contract terms...
04 April 2022
Financial Services Council Acting CEO Blake Briggs will take on the role permanently following the departure of Sally Loane at the end of last year...
04 April 2022
Specialist risk advice firm Australian Financial Risk Management celebrated its 25th anniversary last week...
28 March 2022
The Australian Prudential Regulation Authority has decided to put on hold its plan for the implementation of the policy contract term measure in individual disability income insurance products...
28 March 2022
The corporate regulator has warned social media influencers and licensees who engage them against breaking financial services laws, adding enforcement actions will be taken if contraventions are found...
28 March 2022
A complainant who claimed he was evicted because he was not receiving his monthly income protection benefit payments on time from AMP Life to pay his rent has lost his dispute...
28 March 2022
MetLife has pledged to invest more than $US2.5 billion to achieve its set of 2030 diversity, equity and inclusion commitments...