19 April 2021
Industry reservations over machine-generated advice still run deep, with many pointing out humans retain an edge over algorithms when it comes to financial planning, according to submissions received by the corporate regulator...
19 April 2021
Catherine Walter has been reappointed part-time Chairman of the Financial Adviser Standards and Ethics Authority...
19 April 2021
The Australian Securities and Investments Commission will extend one of three COVID temporary relief measures aimed at helping advisers provide affordable services to consumers during the pandemic...
19 April 2021
New Zealand’s Financial Markets Authority has provided a breakdown of financial advice providers since new laws governing the sector came into effect last month...
19 April 2021
MLC Life Insurance has made two senior additions to its finance team in newly-created management roles...
12 April 2021
The prudential regulator is acting on its long-running concerns over the increased use of offshore reinsurers, seeking feedback for its plans to revise a key capital standard after an initial round of consultation in 2019...
12 April 2021
The Financial Services Council and its members have developed templates and industry data standards in preparation for design and distribution obligations laws that will take effect on October 5...
12 April 2021
The Commonwealth Bank of Australia has wrapped up the sale of CommInsure Life, receiving a final payment of $100 million from AIA Australia...
12 April 2021
Allianz scored best in a survey of customers with life insurance policies, achieving a satisfaction rating of 87.3% over the 12 months to February, according to research firm Roy Morgan...
12 April 2021
MetLife Australia will expand its 360Health program under a new partnership with virtual health provider Teladoc Health...
12 April 2021
Deloitte is expanding its superannuation and wealth management advisory business with the acquisition last week of independent actuarial firm Rice Warner...
12 April 2021
Count Financial says three former MLC firms are joining its national network of advice businesses...
29 March 2021
The Financial Services Council says it has been working with its members to “better understand the full implications including unintended ones” from unfair contract terms laws when they apply to insurance contracts next month...
29 March 2021
The corporate regulator has made three legislative instruments setting out the requirements for provision of advice services, after Parliament passed laws that arose out of reform proposals made by the Hayne royal commission...
29 March 2021
The Financial Services Council is helping flood-affected Australians who are trying to track down “lost” life insurance policies...
29 March 2021
Philip Kewin has stepped down from his role as CEO of the Association of Financial Advisers after four years at the helm...
29 March 2021
MetLife Australia announced today it will offer a three-year rate guarantee for all lump sum retail products as part of a number of changes being made to its offerings...
29 March 2021
Integrity Life has added another senior executive from MLC Life, appointing Russell Hannah to the role of GM Distribution and Marketing with effect from June...
22 March 2021
An adviser group has called for a levy to be imposed on major banks and other financial services firms that have exited advice, as a way of alleviating the fee burden charged by the corporate regulator...
22 March 2021
The Life Code Compliance Committee has made seven recommendations for the industry to keep products up to speed with medical definitions that reflect current health trends and developments...