FPA, Kaplan offer scholarships for disadvantaged women
06 September 2021
Kaplan Professional is partnering the Financial Planning Association to offer 10 scholarships aimed at helping disadvantaged women enter or re-enter the industry...
Life Insurance
Government agrees to freeze ASIC levy for advisers, review funding model
30 August 2021
The Morrison Government has agreed to reduce the levy that advisers have to pay for the next two years to support the corporate regulator’s supervision, following an outcry from the industry over the proposed fee hikes...
Risk product losses narrow as industry stages profit comeback
30 August 2021
The life industry returned to profitability in the year to June 30 with a net profit of $1 billion, rebounding from a $1.7 billion loss in the prior corresponding period, according to the latest update from the Australian Prudential Regulation Authority...
Centrepoint to buy ClearView advice businesses
30 August 2021
Centrepoint Alliance will acquire the financial advice businesses of ClearView Wealth for $15.2 million, the two companies announced last week on the day they released their full-year earnings results...
'Not about pay anymore': wellbeing, flexibility drive retention
30 August 2021
A focus on health and wellbeing, and a job with purpose should be the top priority for employers that want to stand out to the future workforce, experts say...
Centrepoint Alliance earnings rebound
30 August 2021
Centrepoint Alliance has posted a turnaround in full-year earnings, recording a net profit after-tax of $1.8 million for the 12 months to June following a $2 million loss in the preceding period...
'Solid' life arm drives 83% surge in ClearView earnings
30 August 2021
ClearView Wealth says its life insurance arm “performed solidly” in the last financial year, pushing overall operating earnings after-tax 83% higher to $23.9 million for the 12 months to June...
Munich Re launches Predictor underwriting solution
30 August 2021
Munich Re Automation Solutions has launched its next generation underwriting technology solution for the life and health industry in Australia and the Asia Pacific region...
ASVW Financial Services hires executive director
30 August 2021
Adviser group ASVW Financial Services has appointed Joe Botte as Executive Director...
FPA appoints education council chairman
30 August 2021
The Financial Planning Association (FPA) has appointed Marc Olynyk as Financial Planning Education Council (FPEC) Chairman, replacing Sharon Taylor who stepped down this month...
Advice licensee award winners named
30 August 2021
Market research consultancy CoreData has announced the winners of this year’s advice licensee awards...
MLC Life gives extra support via CancerAid program, app
30 August 2021
MLC Life customers with a cancer diagnosis will now have access to an award-winning course guiding them through cancer treatment under a new partnership with CancerAid...
FSC consults on life code draft
23 August 2021
The Financial Services Council (FSC) has released for consultation its second draft of proposed updates for the Life Insurance Code of Practice, which first came into effect on June 30 2016...
AMP did not mislead over 104% 'level' premium hike: AFCA
23 August 2021
AMP Life has prevailed in a complaint lodged by an income protection (IP) customer, who believed he was misled when he was informed his premiums would increase by more than 100% in January this year...
Dexx&r gives 10-year risk market forecasts
23 August 2021
Research house Dexx&r has released its 10-year projections for individual and group risk markets to December 2030...
AIA Australia parent posts first-half earnings rise
23 August 2021
Hong Kong-listed AIA Group, the parent company of AIA Australia, has recorded a rise in first-half operating profit after tax to $US3.2 billion ($4.4 billion) from $US2.9 billion ($4 billion) a year earlier...
AIA, OnePath back AFA charity arm
23 August 2021
The Association of Financial Advisers (AFA) says its charity arm, AFA Foundation, has secured partnerships with AIA Australia and Zurich-owned OnePath Life....
TAL's owner cements pole position with Westpac deal
16 August 2021
The $900 million acquisition of Westpac’s life insurance arm will strengthen Japan’s Dai-ichi Life Holdings position as the largest life insurer in Australia, according to Fitch Ratings...
Financial planners oppose compensation scheme's design
16 August 2021
The Financial Planning Association and seven other peak bodies have issued a joint statement opposing the proposed design of the compensation scheme of last resort...
Court approves Westpac life insurance class action settlement
16 August 2021
Plaintiff law firm Shine Lawyers says it has received Federal Court approval to settle the life insurance class action it filed against Westpac in October 2017...