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...
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...
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...
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...
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...
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...
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...
30 August 2021
Adviser group ASVW Financial Services has appointed Joe Botte as Executive Director...
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...
30 August 2021
Market research consultancy CoreData has announced the winners of this year’s advice licensee awards...
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...
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...
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...
23 August 2021
Research house Dexx&r has released its 10-year projections for individual and group risk markets to December 2030...
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...
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....
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...
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...
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...
16 August 2021
Challenger posted a 29% rise in assets under management to a record $110 billion in the year to June 30, driven by strong contributions from its life and fund management arms, the investment group reported last week...