Victorian financial planner joins ASVW network
18 October 2021
Financial planning practice Sofcorp Wealth Financial Advisors has joined Melbourne-based adviser group ASVW Financial Services...
Life Insurance
Funeral insurance disputes still high: AFCA
11 October 2021
The Australian Financial Complaints Authority says it is still seeing a high number of cases where consumers, in particular from the Indigenous community, believe they were misled into buying funeral insurance....
Advisers, consumer bodies in united push for 'stronger' compensation scheme
11 October 2021
Financial Advisers and consumer advocates have joined forces in their push for a “stronger” compensation scheme of last resort, saying the planned model as set out in a Treasury consultation fails to cover every financial offering...
Consumer data right rules change will support participation: Hume
11 October 2021
The Morrison Government has made amendments to rules governing the Consumer Data Right (CDR) regime, an initiative that aims to give individuals greater access to and control over their personal details...
Chubb to acquire Cigna's regional life, A&H businesses in $7.9 billion deal
11 October 2021
US insurer Chubb has a “definitive agreement” with Cigna to acquire its life and non-life businesses in seven Asia-Pacific markets, including New Zealand, for $US5.75 billion...
TAL offers mental wellbeing courses for advisers, licensees
11 October 2021
TAL is running a series of mental wellbeing courses to support licensees and financial advisers to manage and enhance their own mental health, alongside that of their clients...
PFAN fills top board roles
11 October 2021
The board of Pro Bono Financial Advice Network has appointed Nicola Beswick as Chair and Natalie Kleibert as Deputy Chair...
NSW's Terry Johnson wins AFA Great Advice award
11 October 2021
Adviser Terry Johnson has won the 2021 Great Advice award for NSW/ACT, which was presented at the recent Association of Financial Advisers Evolve conference...
DDO, other new reforms add 'significant' red tape burden: FSC
04 October 2021
New reforms commencing tomorrow such as design and distribution obligations laws will increase “significantly” the red tape burden on the industry, the Financial Services Council says...
Code committee raises concern over drop in significant breach reporting
04 October 2021
Subscribers to the Life Insurance Code of Practice reported 25% fewer significant breaches in the 12 months to June 30 from the previous corresponding period, reinforcing concerns that some may not be monitoring non-compliance robustly...
Proposed life code changes 'not enough': consumer advocates
04 October 2021
Consumer advocates say they have many concerns over proposed updates to the Life Insurance Code of Practice in a joint submission to the Financial Services Council...
Treasury consults on draft laws for advice reforms
04 October 2021
Treasury is seeking feedback on its exposure draft legislation for the implementation of advice reforms as recommended by the Hayne royal commission...
Zurich appoints group insurance team leaders
04 October 2021
Zurich Australia has announced three senior leadership appointments to its Life and Investments Group insurance team...
AFA Great Advice award winners named
04 October 2021
The Association of Financial Advisers has named the winners of its Great Advice Awards...
'New beginning' for IP products as APRA measures start: industry
04 October 2021
Measures aimed at turning around the loss-making income protection insurance product line commenced this month, with the industry backing the moves imposed by the Australian Prudential Regulation Authority...
MLC rolls out new IP products as APRA measures commence
04 October 2021
MLC Life Insurance has launched a new line of income protection insurance products, offering what it says is “the right balance between benefits and affordability” for consumers...
Asteron NZ lifts trauma cover expiry ages
04 October 2021
Asteron Life New Zealand has made changes to expiry ages for Trauma Recovery Cover...
Better Advice Bill 'first step in cutting red tape': Hume
27 September 2021
Passage of the Better Advice Bill will reduce the “competing requirements” of regulatory oversights on advisers and planners, easing the compliance burden on the industry, Financial Services Minister Jane Hume said...
New AFA CEO seeks 'reset' to address challenges
27 September 2021
Association of Financial Advisers CEO Helen Morgan-Banda has called for a “reset” to overcome the challenges facing the industry...
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...