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...
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...
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...
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...
18 October 2021
The Financial Planning Association has shortlisted the finalists in the running for its annual awards recognising outstanding performance across six categories...
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...
18 October 2021
Financial planning practice Sofcorp Wealth Financial Advisors has joined Melbourne-based adviser group ASVW Financial Services...
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....
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...
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...
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...
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...
11 October 2021
The board of Pro Bono Financial Advice Network has appointed Nicola Beswick as Chair and Natalie Kleibert as Deputy Chair...
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...
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...
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...
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...
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...
04 October 2021
Zurich Australia has announced three senior leadership appointments to its Life and Investments Group insurance team...
04 October 2021
The Association of Financial Advisers has named the winners of its Great Advice Awards...