07 December 2020
Banning life commissions will spell “disaster” for the advice industry, which is presently facing a host of other challenges such as increased running costs and extra compliance requirements, a life insurance adviser has warned...
07 December 2020
Financial advisers who provide a claims handling and settling service on behalf of an insurer will need to have a licence for it as part of a Hayne royal commission reform proposal...
07 December 2020
Allegra Financial Services has lost its appeal against a decision by the Australian Securities and Investments Commission to deny the financial planning and advice firm a licence to operate...
07 December 2020
A review of default occupational categories in life cover held through super funds has revealed several areas for improvement, according to the Australian Securities and Investments Commission...
07 December 2020
TAL says incentives encouraging more of its customers to undertake examinations aimed at identifying and reducing the risk of future health conditions has been a success...
30 November 2020
The life insurance industry posted an after-tax net loss of $1.6 billion in the 12 months to September, erasing the $220 million profit it had made a year earlier, new data from the Australian Prudential Regulation Authority shows...
30 November 2020
Zurich has been ordered to assess an income protection claim from 2013 after the Australian Financial Complaints Authority ruled the insurer had wrongly avoided the policy...
30 November 2020
The Australian Securities and Investments Commission has cancelled the licences of two financial services providers over compliance failures...
30 November 2020
AIA Australia CEO Damien Mu has joined the board of the Australian and New Zealand Institute of Insurance and Finance...
30 November 2020
Financial services education provider Kaplan is working to introduce new courses covering paraplanning and superannuation...
23 November 2020
Superannuation funds have been urged to improve the way they communicate about group insurance with members as new research found one-third say they felt confused, overwhelmed or uncertain after initiating contact about their policies...
23 November 2020
The life underinsurance gap in Australia is worse than previously thought, according to new research from Rice Warner...
23 November 2020
Zurich Life & Investments has appointed several new executives to further drive retail growth across the Zurich and OnePath brands...
23 November 2020
The Australian Securities and Investments Commission has released a consultation paper over its proposed plan to implement a reference checking and information sharing protocol for financial advisers...
23 November 2020
The Financial Services Council has welcomed a recommendation from the Productivity Commission that life insurers should be permitted to fund mental health treatments for customers holding income protection and total and permanent disability cover on a discretionary basis...
23 November 2020
ClearView Wealth has announced it will use a cloud-based underwriting solution developed by a subsidiary of Munich Re Group...
16 November 2020
Life premiums in real terms are expected to decline 19% in the Oceania region, dragged down by a sharp fall in investment-linked business in Australia, Swiss Re says in its latest Sigma study…
16 November 2020
MetLife has lost a claim dispute after it accidentally issued incorrect policies and charged the wrong premiums…
16 November 2020
The Financial Planning Association has promised to push on with its five-year strategic plan to secure the future of the industry in Australia…
16 November 2020
CountPlus has told shareholders the business is in position to thrive in the advice industry despite a number of significant challenges on the horizon, including changes to remuneration models as part of government reforms to move away from grandfathered commissions…