28 September 2020
A Financial Markets Authority report on New Zealand’s financial advice sector has found weaknesses in areas such as conduct and culture, prompting the regulator to warn it would take “increasingly strong action” against those who fail to remedy the problems...
28 September 2020
Bermuda-based PartnerRe has appointed John Mok as CEO, Life & Health Asia Pacific, with effect from February...
21 September 2020
Life insurers have adjusted premiums for total and permanent disability and income protection products to support the growing cost of mental health claims, according to research house Dexx&r...
21 September 2020
Connect Financial Service Brokers CEO Paul Tynan has warned the financial advice industry faces a “dark and uncertain” outlook unless lawmakers and stakeholders take urgent action to address the profession’s problems...
21 September 2020
MLC Life has paid a $1.4 million total and permanent disability insurance claim to former AFL player Shaun Smith for brain damage caused by match concussions...
21 September 2020
Funds under management recovered in the June quarter, clawing back some of the losses made in the preceding three-month period when investor sentiment was jolted by COVID-19, data from actuaries and researchers Plan for Life show...
21 September 2020
Life insurance specialist PPS Mutual has appointed Stuart Meyers as Senior Business Development Manager for NSW and ACT...
14 September 2020
Concerns over the economic impact of the virus-induced recession will see more Australians engaging with financial advisers over the next two years, according to research house Investment Trends...
14 September 2020
An AMP Life policyholder who disputed the insurer’s decision to deny her claim for terminal illness benefit has lost her case before the Australian Financial Complaints Authority...
14 September 2020
Risk advisory group MBS Insurance has opened an office in Perth to grow its business in WA...
14 September 2020
Zurich Life & Investments and OnePath Life have launched a new toolkit offering wellbeing support to combat rising levels of mental ill health among financial advisers...
14 September 2020
TAL has set up a free webinar to help planners prepare for the Financial Adviser Standards and Ethics Authority exam...
07 September 2020
The Financial Planning Association has again warned that advisers are struggling under the weight of rising compliance costs, forcing them to charge higher fees in order to remain in the profession...
07 September 2020
The Australian Financial Complaints Authority has ruled a woman who was diagnosed with a malignant brain tumour months after cancelling her critical illness cover is entitled to make a claim...
07 September 2020
OnePath has won a court case over a $2.63 million claim on a life insurance policy bought by man who lied about his drug use and later jumped to his death from a car park after becoming embroiled in fraud allegations...
07 September 2020
Law firm Piper Alderman has filed a class action against Count Financial, alleging the former Commonwealth Bank-owned advice firm failed its clients on several counts...
07 September 2020
TAL says the pandemic support measures it introduced with seven superannuation fund partners have seen a strong uptake from clients...
31 August 2020
The life industry recorded a “significant” net loss after-tax of $1.6 billion for the year to June, hammered by the “persistent poor performance” of individual disability income insurance and other risk products...
31 August 2020
Human connection in the right channel at the right time is the best way to attract and retain financial advice customers, a new report says...
31 August 2020
NAB announced today an agreement to sell its wealth arm for $1.44 billion to IOOF Holdings, more than a year after holding off its divestment plan because of the fallout from the Hayne royal commission...