APRA updates standard for offshore reinsurance
14 March 2022
The Australian Prudential Regulation Authority has updated a standard to reduce risks from the rising use of offshore reinsurers by the life industry...
Life Insurance
FSC tracks down lost life policies for flood victims
14 March 2022
The Financial Services Council is helping flood-affected Australians who are trying to track down lost life insurance policies...
TAA suggests careful approach on financial law reforms
14 March 2022
The Advisers Association says an Australian Law Reform Commission inquiry should hold fire on some reforms until a Treasury Quality of Advice Review is completed to avoid two sets of changes being introduced within a relatively short period...
AIA appoints transformation chief
14 March 2022
AIA Australia has promoted Mike Thornton to the newly created position of Chief Transformation Officer as it begins a three-year overhaul to enhance the end-to-end experience for its customers, partners and employees...
MLC, NEOS team up to launch new life product
14 March 2022
MLC Life Insurance and NEOS will officially launch a new product as part of a new partnership between the two businesses...
TAL academy launches income protection courses for advisers
14 March 2022
TAL says its Risk Academy is offering a suite of new live and on-demand courses that are designed to give financial advisers the confidence to navigate income protection advice following a period of “considerable” change...
ASIC financial adviser exams to kick off May 12
14 March 2022
The Australian Securities and Investments Commission has announced the next sitting of its financial adviser exam will be held in May, with enrolments accepted from April 4-26...
Individual DII, risk products lend support to 'improving' life sector
07 March 2022
The life industry recorded a $1.2 billion net profit for the 12 months to December, against a $100 million loss in the corresponding period of 2020, according to a regular update from the Australian Prudential Regulation Authority...
Advice reforms: Government goes 'back to basics'
07 March 2022
The Morrison Government is looking to ease the regulatory burden on the advice sector, Financial Services Minster Jane Hume said last week at the AIA Adviser Summit...
Westpac seals NZ life arm disposal
07 March 2022
Westpac has completed the sale of its New Zealand life business for $NZ400 million to Fidelity Life Assurance Company...
Consumers with life insurance are happier, research finds
07 March 2022
New research commissioned by life insurer NobleOak has found a correlation between happiness and planning for the future...
Advised consumers more confident about finances, new report shows
07 March 2022
Consumers who engage financial advisers are more prepared for retirement, feel better about their finances and are more comfortable making big decisions, according to Financial Advice New Zealand...
ASIC seeks feedback on proposed FSCP regulatory guidance
07 March 2022
The Australian Securities and Investments Commission has released a consultation paper seeking feedback to its proposed updates for Regulatory Guide 263 Financial Services and Credit Panel...
FPA names Gwen Fletcher award winner
07 March 2022
The Financial Planning Association says Industry Fund Services Senior Advice Compliance Analyst Danica Lozada has won the Gwen Fletcher Memorial Award...
Resolution Life agrees to buy AIA super business
28 February 2022
Resolution Life Australasia has agreed to acquire AIA’s Superannuation & Investments business for an undisclosed amount, describing the move as one that will “strengthen” its market presence...
Life-focused ClearView posts higher earnings, 'strategic' review commences
28 February 2022
ClearView Wealth says its core life arm performed strongly in the December half, lifting overall operating earnings after tax 14% higher to $13.9 million from a year earlier...
AIA adviser summit focuses on regulatory challenges, small businesses, mental health
28 February 2022
AIA Australia will hold its annual Adviser Summit tomorrow with Financial Services Minister Jane Hume among the key figures who will discuss the major issues of concern to the industry...
Zurich Life names chief claims officer
28 February 2022
Zurich Life & Investments says Suzi Leung has been appointed Chief Claims Officer with immediate effect, reporting to COO Hilary Bates...
Challenger CEO takes up FSC board director seat
28 February 2022
The Financial Services Council says Challenger CEO and MD Nick Hamilton has joined as board director...
AIA launches 'One Billion' heathy living initiative
28 February 2022
AIA Group has launched a “bold” initiative to engage a billion people to live healthier, longer and better lives by 2030...