20 July 2020
The Administrative Appeals Tribunal will re-determine the case of banned WA adviser Robert Hutchison, following a successful court appeal by the Australian Securities and Investments Commission...
20 July 2020
The Financial Services Council has announced four new board members, who will also be part of a newly created committee focusing on strategic policy directions for the Australian funds management sector...
20 July 2020
Life and health insurer AIA will sponsor the Sydney FC and Brisbane Roar clubs during the completion of the current A-League season...
13 July 2020
The Financial Services Council has responded to a new pressure campaign from consumer advocates who claim life insurers are planning to reintroduce "discriminatory terms" to total and permanent disability covers when the JobKeeper scheme ends in September...
13 July 2020
OnePath Life’s decision not to pay a $100,000 accidental death benefit for a man who died of an infection affecting his heart has been upheld by the Australian Financial Complaints Authority...
13 July 2020
The Financial Services Council has backed recommendations made by a NSW report calling for the axing of all state insurance taxes, including the controversial Emergency Services Levy...
13 July 2020
The financial advice industry may be in for a "wave of merger and acquisition activity" as the virus disruption continues to stretch advisers’ resources, according to law firm Cornwalls...
13 July 2020
The Financial Services Council will kick off its annual Life Insurance Summit later this month with an opening session from Superannuation, Financial Services and Financial Technology Assistant Minister Jane Hume...
06 July 2020
AMP CEO Francesco De Ferrari has voiced support for increased oversight of litigation funders, tying their financial backing of class actions to the escalating cost of securing professional indemnity insurance...
06 July 2020
Reforms aimed at lifting standards in the financial advice industry have led to increased compliance cost for advisers, with adverse impact on consumers in the form of higher fees, a parliamentary hearing was told last week...
06 July 2020
The $3 billion sale of AMP’s life insurance business to Resolution Life is complete...
06 July 2020
The Australian Securities and Investments Commission has cancelled the licence of MyPlanner Professional Services, a Queensland-based financial services provider that is in liquidation...
06 July 2020
Funds under management in both the wholesale and retail markets fell sharply in the March quarter, as the virus pandemic soured investor mood, according to data from actuaries and researchers Plan for Life...
06 July 2020
More than half of life insurance claims made by retail customers are now lodged over the phone, Westpac-owned wealth manager BT says...
06 July 2020
The board of ClearView Wealth has appointed Geoff Black as its new chairman and Jennifer Lyon as director...
06 July 2020
Jennifer Mogg has been appointed to the board of The Advisers Association, which was created with a name change after AMP Financial Planners Association merged with Hillross Advisers Association...
29 June 2020
Life insurers have come under fire for not taking their industry code of practice seriously, with the compliance committee reminding the industry that "self-regulation is a privilege, not a right"...
29 June 2020
AMP will complete the $3 billion sale of its life business tomorrow, marking the end of an era for the once dominant player in the Australian and New Zealand income protection sector...
29 June 2020
The financial advice sector will come under scrutiny at a House of Representatives Standing Committee on Economics hearing tomorrow as part of an ongoing review of financial institutions...
29 June 2020
The Australian Financial Complaints Authority has ordered AMP Life to compensate a claimant $5000, the maximum allowed under its rules, for taking “far too long” to assess an income protection claim...