Almost three quarters have no income protection cover: survey
27 September 2021
About 73% of Australians have no income protection policies and do not have any plans to get one, according to a survey by comparator Finder...
Life Insurance
TAL redesigns retail income protection products
27 September 2021
TAL has rolled out a range of redesigned retail income protection solutions...
APRA finalises revisions to insurance in super prudential standard
27 September 2021
The prudential regulator says it will proceed with the requirement for independent certification of related party insurance arrangements as part of its proposed revisions to draft prudential standard SPS 250 Insurance in Superannuation...
Adviser exodus continues as numbers fall to five-year low
20 September 2021
The number of financial advisers has fallen below 20,000, with just 19,382 operating as of June 30, according to Rainmaker Information...
Reporting relief for advisers ahead of DDO start date
20 September 2021
Treasury has made some amendments to the design and distributions obligations regime that is set to commence on October 5, taking into account feedback from the advice sector...
FSC flags unpaid determination flaws in compensation scheme design
20 September 2021
The Financial Services Council has called for amendments to the proposed compensation scheme of last resort, saying it is concerned that the current design does not address the source of unpaid determinations in the advice sector...
Colonial First plans to reduce premiums
20 September 2021
Wealth management firm Colonial First State has announced plans to cut insurance premiums, following the re-appointment of AIA as its insurer partner...
Life insurance 'key' to closing NZ protection gap: Swiss Re
20 September 2021
New Zealand needs to raise its life insurance take-up rate if the country is to address its growing mortality protection gap, Swiss Re says...
PPS recruits medical chiefs
20 September 2021
Specialist life insurer PPS Mutual has appointed two Chief Medical Officers, John Cummins and Bill Monday...
FPA details DDO concerns in Treasury submission
13 September 2021
The Financial Planning Association has outlined its concerns about the incoming design and distribution obligations regime in a submission to Treasury...
Claimant with rheumatoid arthritis not entitled to trauma benefit
13 September 2021
The Australian Financial Complaints Authority has ruled an AIA customer who has rheumatoid arthritis does not qualify for a benefit payment as her condition does not meet the definition of “severe” as was spelled out in her trauma insurance policy...
Survey reveals advisers' outlook on future, challenges
13 September 2021
About 58% of self-licensed financial advice practices are more profitable than two years ago despite increased compliance costs, according to a survey by My Dealer Services, which offers support services to advisers...
AFA finalises conference program
13 September 2021
Financial Services Minister Jane Hume will deliver the opening address at the Association of Financial Advisers conference next Tuesday...
MetLife a finalist for new diversity award
13 September 2021
MetLife Australia is a finalist in the Best Diversity, Equity and Inclusion Initiative category of the inaugural SEEK Talent Acquisition Recognition awards, which acknowledge excellence in talent acquisition...
Zurich adds extra COVID vaccine protection to life policies
06 September 2021
Zurich Life & Investments and its OnePath Life business have moved to include specific COVID-19 vaccination protection, the insurer announced...
AMP-linked adviser body seeks new advice model
06 September 2021
The Advisers Association has called on the industry to work together to find a business model that will take the profession forward...
ClearView seeks 'optimal' future with strategic review
06 September 2021
ClearView Wealth has commenced a strategic review of its business, to determine among other things, the “optimal” future direction of the company to “protect and enhance” customer and policyholder outcomes...
Treasury starts review of job exclusions in super-linked group insurance
06 September 2021
Treasury has launched a consultation paper seeking submissions on occupational exclusions in default insurance offered through MySuper products...
CountPlus acquires stake in Mildura accounting firm
06 September 2021
Accountant and adviser group CountPlus will take a 49% stake in Southern Cross Business Advisers, an accounting firm based in Mildura, Victoria...
Integrity Life ditches premium loadings
06 September 2021
Integrity Life will remove premium loadings for monthly policies from today, saying it has also stopped charging “unnecessary, additional fees” to pay monthly insurance premiums for all new business...