Life Insurance
28 June 2021
Advice reforms introduced in recent years have added to the compliance cost burden facing advisers, contributing to the higher price that consumers must prepare to pay if they want professional guidance, a parliamentary hearing heard last week...
28 June 2021
The Federal Government has pushed ahead with a Hayne royal commission recommendation to create a single disciplinary body for financial advisers, introducing a Bill for the proposed measure in Parliament last week...
28 June 2021
A decision by Westpac Life Insurance Services to avoid an income protection policy held by a customer who did not disclose his medical history of alcohol abuse and depression has been upheld by the Australian Financial Complaints Authority...
28 June 2021
Financial adviser Hannah Jennings has been banned by the industry regulator from providing financial services for four years...
28 June 2021
Australian Wealth Solutions this month began operations under the licence of ASVW Financial Services, a Melbourne-headquartered boutique adviser licensee group...
28 June 2021
New Zealand’s Financial Markets Authority has cautioned social media influencers and bloggers against giving financial advice to their followers, warning such actions may place them in breach of laws that took effect in March...
21 June 2021
The Association of Financial Advisers has called for an end to the “persecution” of the profession, in response to the latest criticism levelled against it by Labor Senator Jenny McAllister...
21 June 2021
The Federal Government has announced a relief measure for financial advisers to meet their ongoing fee disclosure obligations...
21 June 2021
The corporate regulator has released an information sheet on ongoing fee arrangements to provide greater clarity to financial advisers and advice licensees on their obligations when providing personal advice to retail clients...
21 June 2021
Financial Services Minister Jane Hume has announced Treasury will carry out a review of occupational exclusions in default insurance offered by MySuper products...
21 June 2021
The Australian Prudential Regulation Authority has released its bi-annual statistics of the individual performance of life insurers operating in Australia...
21 June 2021
The Australasian Life Underwriting and Claims Association has named the winners of its annual excellence awards, with MetLife Australia coming out top in five out of the 11 categories...
21 June 2021
MLC Life Insurance has announced Andrew Beevors will join the business on August 16 as Chief Claims Officer, reporting directly to CEO Rodney Cook...
21 June 2021
University of New England Deputy Chancellor Jan McClelland has been appointed Chairman of the Life Code Compliance Committee...
21 June 2021
Scor Global Life Australia has appointed Gavin Pearce as Chairman, taking over from Peter MacKenzie, who is retiring having served in the role since the board’s inception in 2011.
21 June 2021
Synchron advisers and employees who have taken up the COVID-19 vaccine will get a $100 Bunnings gift voucher, the adviser group says...
21 June 2021
The Financial Services Council has appointed Sean West and Justin Delaney as board members...
07 June 2021
The COVID-19 pandemic has sparked a shift in consumers’ views on insurance protection, with many attaching greater importance to getting adequate cover, a Swiss Re survey has found...
07 June 2021
Plaintiff law firm Slater and Gordon is the latest to voice concerns over an impending change to the superannuation scheme that will lead to Australians holding just one default account...
07 June 2021
A Swiss Re Life and Health insurance policyholder whose claim for a terminal illness benefit was declined has lost her dispute with the insurer...