09 August 2021
The Financial Services Council has welcomed the registration of regulations finalising the government’s move to “staple” workers to one single superannuation account, a measure that is aimed at protecting Australians from having to pay unnecessary fees and group insurance premiums...
02 August 2021
The corporate regulator says gaps remain in the way total and permanent disability claims are handled, more than a year after it released a report that concluded there were industry-wide issues such as frictions in claims handling...
02 August 2021
The Australian Financial Complaints Authority has carefully detailed how it evaluates complaints over variations of life insurance cover, such as retrospective exclusions, after finding this was a main cause of claim disputes...
02 August 2021
The peak bodies for advisers and financial planners have again flagged concerns over the impact of regulatory reforms on their members, saying changes have led to financial and mental health challenges...
02 August 2021
New Zealand’s Financial Markets Authority says AIA has admitted to making false and/or misleading representations to customers in proceedings it took against the life insurer...
02 August 2021
New Zealand’s Financial Markets Authority has released a cyber resilience information sheet for financial advice provider licensees, who are required to have a business continuity plan that includes mitigating digital risks...
02 August 2021
The Financial Planning Association has commenced a search for a new CEO to succeed Dante De Gori, who will be stepping down at the end of the year after nearly six years in the role...
02 August 2021
TAL and Deakin University have established a partnership to help advisers with their obligation to meet the Financial Adviser Standards and Ethics Authority education requirements...
02 August 2021
MLC Life is partnering with pain management specialist Beyond Pain to help customers suffering chronic pain, fatigue and mental illness return to work after making a claim...
26 July 2021
Financial advisers and planners are concerned about the estimated levy the industry will pay to support the corporate regulator’s supervision work in the 2020/21 financial year...
26 July 2021
The Association of Financial Advisers announced today it has appointed Helen Morgan-Banda as CEO, replacing Philip Kewin who will lead the National Insurance Brokers Association...
26 July 2021
The Association of Financial Advisers says it is “very concerned” about the cost of the proposed Compensation Scheme of Last Resort, in particular the potential risk in the event of a black swan product failure...
26 July 2021
AMP announced today a new advice service model, saying it marks a “new era” for financial advice at the business...
26 July 2021
The corporate regulator has imposed a five-year ban on former adviser Adam Bevan for failing to act in the best interests of clients when he was an authorised representative of Gold Coast-based Trade Wind Financial Services between July 2017 and May last year...
26 July 2021
Diversified financial services group WT Financial Group has completed its acquisition of advisory dealer group Sentry and placement of new shares for facilitating the purchase, the listed group announced in a brief investor update...
26 July 2021
The Australian Securities and Investments Commission (ASIC) has finalised its reference checking and information sharing protocol for advisers, taking into account industry feedback from a consultation it launched last November...
19 July 2021
About 96% of grandfathered conflicted remuneration arrangements that product issuers have in place with financial advisers were fully terminated before legislation removing the payment mode came into effect on January 1 this year, the corporate regulator says...
19 July 2021
The corporate regulator says no further action will be taken against AMP over the financial services firm’s alleged “fees for no service” conduct after finalising its investigation into the matter...
19 July 2021
Allianz Australia Life Insurance has appointed Adrian Stewart as acting CEO, replacing Matthew Rady who will be leaving the business...
19 July 2021
The Association of Financial Advisers will hold its national conference from September 21-22, with Minister for Superannuation and Financial Services Jane Hume to deliver the keynote address on the opening day of the event...