03 May 2021
MLC Life Insurance has appointed Bozenna Hinton as its new GM, Product, Pricing & Retail Insurance Proposition, responsible for the insurer’s portfolio, including a new income protection product to be launched later this year...
26 April 2021
A planned separate review of the Life Insurance Framework – which caps commissions paid to advisers - will now be conducted as part of a broader examination into quality of advice offered to consumers...
26 April 2021
Disability income insurance policies have the highest claims paid ratio for all distribution channels, prompting the prudential regulator to issue another warning about the sustainability of the troubled line...
26 April 2021
Treasury has released for consultation its draft legislation for stronger oversight of the financial advice sector, including the establishment of a single disciplinary body as recommended by the Hayne royal commission...
26 April 2021
An industry-wide set of professional standards has been introduced for life insurers, a first for the sector...
26 April 2021
The Association of Financial Advisers has sent an advisory to members explaining how the new claims handling regime will apply to them...
26 April 2021
Industry super fund Cbus has again flagged its concern over proposed legislation that will put an end to working Australians having multiple superannuation accounts...
26 April 2021
MetLife is encouraging financial advisers to build on a swell of consumer goodwill and demand for advice, driven by COVID, and says those who are proactive in servicing their clients will be rewarded...
26 April 2021
Challenger says it is making significant adjustments to the pricing of its annuities in response to new investment conditions, notably a sharp decline in credit spreads...
26 April 2021
TAL has partnered with virtual healthcare provider Teladoc Health to offer extra mental health support...
26 April 2021
AFL players and executives have shared their experiences coping with mental health challenges during the pandemic in a roundtable discussion co-hosted by life insurer AIA...
19 April 2021
Advisers have called for “bold and fundamental changes” to the legislative and regulatory framework governing the sector, including the classification of advice into either general information or personal advice...
19 April 2021
The corporate regulator has flagged possible changes to the way its guidance is “structured and set” for the provision of advice to consumers, following a consultation with advisers, academics and other industry stakeholders...
19 April 2021
Financial advisers have “serious concern” with the new breach reporting regime that will be introduced in October, warning the legislation in its present form could lead to increased operating costs that may have to be passed on to consumers...
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...