15 February 2021
Additional licence conditions have been placed on Poynter Hargraves Financial Consultants after it was found to have poor risk controls around conflict management and other lapses, the Australian Securities and Investments Commission says...
15 February 2021
Investment group Challenger says total life sales in the December half rose 10% from a year earlier to $3.4 billion, illustrating the success of its revenue diversification strategy...
08 February 2021
The Australian Prudential Regulation Authority warns the troubled individual disability income insurance product line faces possibly more losses in the coming months because of the COVID-19 pandemic fallout...
08 February 2021
Consultancy Oliver Wyman has urged financial advisers to view the “evolving market structure” arising from increased regulatory scrutiny as a significant rebuilding opportunity for the industry...
08 February 2021
Market leader TAL enjoyed an annual 15.7% surge in risk premium inflows to $4.39 billion for the 12 months to September, giving it a 27.3% share of the overall business generated during the period, new figures from actuaries and researchers Plan for Life shows...
08 February 2021
Increased regulations, competitive pressure and economic uncertainties created by COVID-19 have produced “fresh headwinds” for the New Zealand life insurance industry, AM Best warns in a new report...
08 February 2021
The Financial Planning Association has called for a review of the levy funding model used by the corporate regulator to support its regulatory work...
08 February 2021
Providing employee benefits such as flexible work arrangements and extra paid parental leave will lead to increased productivity and retention of talented staff, a MetLife Australia survey has found...
08 February 2021
TAL has launched this year’s prospectus for TAL Risk Academy, its adviser education program...
01 February 2021
AMP Financial Planning must pay more than $450,000 to the children of a man who died in an accident after his life insurance was allowed to lapse...
01 February 2021
A Sydney-based financial adviser who failed to provide advice that was in the best interests of his clients and did not keep proper records of his work has been banned for three years from the financial services industry...
01 February 2021
MLC Life Insurance has appointed Michael Rogers as Chief Life Insurance Officer, replacing Sean McCormack who took on the newly created role last year and will leave the business on February 26...
01 February 2021
NAB is selling its New Zealand life insurance business, BNZ Life, for $NZ290 million, with the transaction set to close later this year pending approvals from regulatory authorities...
01 February 2021
MetLife has advised listener discretion due to the confronting content of its latest ‘MetLife Insights’ podcast which aims to raise awareness about mental health and suicide among advisers and encourage them to seek help...
14 December 2020
Key peak bodies have expressed support for the Morrison Government’s decision to wind up the Financial Adviser Standards and Ethics Authority and introduce other measures that will reduce red tape...
14 December 2020
The Australian Securities and Investments Commission has updated its regulatory guide on conflicted and other banned remuneration to take into account recent legislative changes...
14 December 2020
Every financial services firm should be made to comply with the Privacy Act, the Financial Planning Association says in a submission to an issues paper from the Attorney-General’s Department...
14 December 2020
Superannuation trustees have been urged to look into ways to improve outcomes for group insurance members after a new report found wide variations in the design and pricing of default cover...
14 December 2020
Zurich has appointed Darren Wickham as Head of Group Insurance in its Life & Investments’ leadership team...
14 December 2020
Commonwealth Bank of Australia expects to wrap up the sale of its 37.5% stake in Chinese insurer BoCommLife by the end of this month after the deal finally secured regulatory approval in China...