19 October 2020
The Australian Labor Party has reiterated its stance against the commission model – indicating that major changes could be on the cards for advisers if the party wins the next federal election, which may be held as early as August next year...
19 October 2020
The Federal Government says it is aware of advisers’ concerns over the cost impact of regulatory reforms and is considering ways to ease the burden to support the provision of affordable financial advice...
19 October 2020
The Australian Securities and Investments Commission has suspended the financial services licence of Ballast Financial Management for 10 weeks after it was unable to obtain professional indemnity insurance...
19 October 2020
Zurich-owned OnePath will provide total and permanent disability and death cover for the AFL Players Association after the group completed a review process...
19 October 2020
ClearView has reported a 35% rise in underlying net profit to $6.9 million for the first quarter, underpinned by solid contributions from its life insurance division...
19 October 2020
Investment group Challenger says its life annuity sales in the first quarter grew 46% to $1.23 billion from a year earlier...
19 October 2020
MLC Life Insurance says the number of customers using its Mental Health Navigator service has almost doubled since the onset of COVID-19...
19 October 2020
The Financial Services Council has announced the appointment of AMP Australia acting CEO Blair Vernon as a board director...
19 October 2020
Third-party group insurance administrator Australian Group Insurances is introducing a new “brand aesthetic” with the launch of two refreshed websites...
19 October 2020
The Financial Services Council is holding its 2020 Future of Advice Summit tomorrow, featuring industry, regulatory and academic leaders discussing Australia’s financial advice landscape in detail...
12 October 2020
Advisers have voiced disappointment at the lack of specific measures in last week’s Federal Budget that would support the drive to encourage Australians to seek professional financial advice...
12 October 2020
Funeral insurer Aboriginal Community Benefit Fund has been found to have misled an Indigenous woman who bought a policy in 2006 under the impression that the plan would benefit her community...
12 October 2020
Synchron has called for the scrapping of the Best Interests Duty regulation that life advisers must comply with, suggesting consumers would be better served instead with a “requirement to provide appropriate advice”...
12 October 2020
MLC Life Insurance has expanded its group insurance team with three new GM appointments...
12 October 2020
The Association of Financial Advisers has announced an On-Demand program and Masterclasses for this week’s annual conference...
05 October 2020
Individual disability income insurance providers must immediately work on turning around the money-losing product line or face additional upfront capital penalties from the Australian Prudential Regulation Authority...
05 October 2020
The Actuaries Institute’s proposed measures to turn around the ailing disability income insurance market have the backing of key stakeholders, the Financial Services Council and major life insurer AIA...
05 October 2020
Life Insurance Code of Practice breaches in the last financial year fell 29% to 171, including 44 that were reported by subscribers as significant...
05 October 2020
Consultancy McKinsey has outlined three ways in which life insurers can re-establish a central partnership in customers’ lives...
05 October 2020
The Australian Securities and Investments Commission has commenced civil action against WA adviser Rahul Goel, alleging he acted dishonestly while running his financial services company AR Wealth and Finance last year...