Super industry responds to 'junk insurance' report
01 November 2021
AMP and Prime Super have responded to a critical report on the use of restrictive terms in group disability insurance policies...
Life Insurance
MetLife steps up support for advisers
01 November 2021
MetLife Australia is providing more resources to support its advisers so that they can better serve their clients...
AIA partnership offers health mentor service
01 November 2021
AIA Australia has partnered with Medix Global, an international digital healthcare management company, to offer its eligible customers a personal health mentor and navigation service...
FSC names Bell Asset Management CEO as director
01 November 2021
The Financial Services Council has appointed Nick Fels as Director...
Challenger maintains confident outlook for FY22
01 November 2021
Investment management firm Challenger says it expects to continue performing well, after the business began this financial year on a strong note...
AFA names new national president
01 November 2021
Association of Financial Advisers Vice President Sam Perera has been named National President, taking over from Michael Nowak, who stepped down from the role...
ASIC sues former Freedom executives for alleged sales misconduct
25 October 2021
The Australian Securities and Investments Commission says it has commenced court action against two former Freedom Insurance executives, alleging they breached conflicted remuneration and other laws to drive sales at the expense of clients...
Upcoming advice review offers chance to 'reset' industry: AMP
25 October 2021
AMP has pressed the need for stakeholder “collaboration” when the Treasury-led Quality of Advice Review takes place next year...
FSC CEO to step down
25 October 2021
The Financial Services Council says it has started looking for a successor to CEO Sally Loane, who is leaving at the end of the year...
Disability income insurance has highest claims paid ratio: APRA data
25 October 2021
The prudential regulator has again expressed concerns about disability income insurance (DII) products, following the release of its latest claims and disputes data for the rolling 12-month period to June 30...
Industry voices mixed reactions as advice reforms bill passed
25 October 2021
Federal Parliament last week cleared the Better Advice Bill, paving the way for the establishment of a single disciplinary body and commencement of other reforms as recommended by the Hayne royal commission...
ASIC bans insurance adviser for six years
25 October 2021
Melbourne-based adviser Ashok Sherwal has been given a six-year ban for financial misconduct, the Australian Securities and Investments Commission said...
PPS Mutual sets out profit share details
25 October 2021
Specialist life insurer PPS Mutual says it has assigned more than $4 million in profit-share to qualifying members in the first five years since the scheme was introduced in 2017...
FSC white paper sets out way forward for advisers
18 October 2021
The Financial Services Council’s plan to reform the advice sector, which it says will deliver cost savings of $91 billion over 20 years if implemented, have the backing of other peak bodies...
Life industry's resilience comes through during pandemic: KPMG
18 October 2021
The life industry is showing signs of recovery, demonstrating its resilience in managing the economic upheavals of the pandemic, KPMG said today in a review based on analysis of statistics from the prudential regulator...
Life insurers seek to ease policyholders' COVID jab concerns
18 October 2021
Seven life insurance providers with more than 14 million customers have launched an initiative in support of the national COVID-19 vaccination program...
ASIC continues with COVID support for advisers
18 October 2021
Advisers can continue to provide clients with a record of advice instead of a statement of advice until April 15 next year, the Australian Securities and Investments Commission says...
FSC bans occupational exclusions in default group life policies
18 October 2021
The Financial Services Council says it aims to introduce an enforceable standard banning occupational exclusions in default group life insurance in superannuation by January 2023...
FPA names contenders for annual awards
18 October 2021
The Financial Planning Association has shortlisted the finalists in the running for its annual awards recognising outstanding performance across six categories...
Challenger affirms earnings outlook on strong life sales
18 October 2021
Investment management firm Challenger says the business has started this financial year on a strong note, boosted by a double-digit growth in life sales...