25 October 2021
The Australian Securities and Investments Commission says it has commenced court action against two former Freedom Insurance executives, alleging they breached conflicted remuneration and other laws to drive sales at the expense of clients...
25 October 2021
AMP has pressed the need for stakeholder “collaboration” when the Treasury-led Quality of Advice Review takes place next year...
25 October 2021
The Financial Services Council says it has started looking for a successor to CEO Sally Loane, who is leaving at the end of the year...
25 October 2021
The prudential regulator has again expressed concerns about disability income insurance (DII) products, following the release of its latest claims and disputes data for the rolling 12-month period to June 30...
25 October 2021
Federal Parliament last week cleared the Better Advice Bill, paving the way for the establishment of a single disciplinary body and commencement of other reforms as recommended by the Hayne royal commission...
25 October 2021
Melbourne-based adviser Ashok Sherwal has been given a six-year ban for financial misconduct, the Australian Securities and Investments Commission said...
25 October 2021
Specialist life insurer PPS Mutual says it has assigned more than $4 million in profit-share to qualifying members in the first five years since the scheme was introduced in 2017...
18 October 2021
The Financial Services Council’s plan to reform the advice sector, which it says will deliver cost savings of $91 billion over 20 years if implemented, have the backing of other peak bodies...
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...