24 May 2021
Treasury is seeking submissions on its proposal to collect $24.1 million in total levies from the life insurance and friendly societies industries in the next financial year...
24 May 2021
A woman whose husband died seven months after his life insurance policy was cancelled due to non-payment of premiums has lost a dispute over a death benefit claim...
24 May 2021
ASIC has cancelled the Australian financial services and credit licences of Victorian-based Direct My Wealth after it failed to lodge its 2020 audited financial accounts and its annual compliance certificate as required...
24 May 2021
Financial services education provider Kaplan Professional is offering $100 scholarships to financial advisers who enrol in a Kaplan Professional higher education financial planning subject in July, August or November...
24 May 2021
Funeral insurance provider Aboriginal Community Benefit Fund has again been found to have used misleading and deceptive tactics to sell products to vulnerable Indigenous consumers who thought they were buying policies designed for their community...
24 May 2021
AIA Australia staff will join global initiative Relief Run in Melbourne in June as the insurer contributes $20,000 to the charity raising lifesaving funds for the people of India devastated by COVID-19...
17 May 2021
Moves by the Federal Government to set up a working group to look at legacy life products and increase funding for mental health support services have been welcomed by the industry...
17 May 2021
The Australian Financial Complaints Authority has ruled against Aboriginal Community Benefit Fund in two separate disputes lodged against the funeral insurer...
17 May 2021
Individual disability income insurance providers have been given more time by the prudential regulator to implement the policy contract term measure, one of three key actions they must undertake to shore up the sustainability of the product line...
17 May 2021
MLC Life Insurance is “strongly encouraging” its customers in Australia to get the COVID-19 vaccine as soon as they are eligible, to protect themselves and the wider community from severe disease...
17 May 2021
PPS Mutual has dropped a mandatory medical evidence requirement, simplifying the application process for its members who are on Income Protection benefits and want to add or increase their Life, Total and Permanent Disability or Trauma cover...
10 May 2021
A couple who ended up paying more for their life policies because AMP Financial Planning failed to sign them up for a “frozen premium” plan as discussed has won their complaint against the advisory firm...
10 May 2021
The Financial Services Council is reassuring Australians who choose to be vaccinated for COVID-19 that this will not invalidate their life insurance policies...
10 May 2021
The Association of Financial Advisers has appointed Candice Spence as GM Marketing and Cameron Burne as GM Partnerships...
10 May 2021
PPS Mutual has appointed Rory-John Jacobs to the role of Senior Business Development Manager in Victoria, responsible for the management of key financial adviser relationships within the region...
10 May 2021
AIA Australia has become the official Life, Health and Wellbeing Partner of the Fremantle Football Club...
03 May 2021
A rise in code breaches blamed on staff actions has cast doubt over life insurers’ assertions that they have adequate training frameworks in place for employees, according to the Life Code Compliance Committee...
03 May 2021
Westpac Group says it has reached an agreement with Shine Lawyers to settle a class action relating to premiums for life insurance policies that were sold between 2011 and 2017 “without any admission of liability”...
03 May 2021
The Financial Services Council has named the winners of individual and team excellence awards...
03 May 2021
Research house Investment Trends has released a new report on developments in technology used by financial advisers to improve delivery of offerings and services to clients...