21 October 2019
The Australian Securities and Investments Commission is asking product providers for information about their grandfathered commissions arrangements in the lead up to the ban in January 2021...
21 October 2019
The Australian Securities and Investments Commission will provide regulatory relief for advisers from current compliance scheme obligations, following the Government decision to establish a single disciplinary body for the sector...
21 October 2019
Challenger’s total life net flows have jumped $766 million over the first quarter of the financial year, thanks to a strong performance in Japanese annuities and other life sales. The overseas performance contributed 5.2% growth to their life book, offsetting disappointing results at home...
21 October 2019
More than 40% of MetLife staff have taken the Banking and Finance Oath to help rebuild the industry’s reputation, the insurer says...
21 October 2019
Most New Zealand financial advisers plan to stay in the industry after the new financial advice licence regime starts next year, according to a recent survey...
21 October 2019
The Association of Financial Advisers will present its annual Life Company of the Year and Consumer Choice Awards next month...
21 October 2019
The Financial Planning Association has named finalists across six different categories for its annual FPA Awards...
14 October 2019
The Government’s decision to set up a disciplinary system for financial advisers appears to have blindsided the industry, which had been preparing for the launch of its own monitoring scheme on January 1...
14 October 2019
The Australian Securities and Investments Commission expects to release this month its findings on the industry’s handling of total and permanent disability claims, a spokesman told insuranceNEWS.com.au today...
14 October 2019
The Australian Securities and Investments Commission has banned a Queensland-based financial adviser for seven years for inappropriate insurance advice...
14 October 2019
AMP Limited has merged its banking and wealth management businesses under a new banner, AMP Australia...
14 October 2019
The superannuation sector is set to come under political scrutiny yet again with a series of hearings to be held next month...
14 October 2019
AMP Superannuation has more “zombie accounts” being eaten away by insurance and fees than any other super fund, Choice says...
14 October 2019
The Australian and New Zealand Institute of Insurance and Finance and a working group of life insurers are establishing a framework to help lift professional standards across the life insurance industry...
14 October 2019
MetLife and SuperFriend are trialling a program to help claims managers provide intensified support to customers...
14 October 2019
Financial Advice New Zealand has welcomed draft regulations around new disclosure requirements for financial advisers, but says they need fine-tuning...
14 October 2019
MLC Life has appointed Andrea Forbes as Executive Lead – Relationship Management in its group insurance team...
14 October 2019
Integrity Life is launching a new combined group insurance product for small to medium businesses...
07 October 2019
The profitability of the life insurance sector is no longer sustainable, the Reserve Bank says...
07 October 2019
CommInsure has been charged with 87 criminal counts relating to the illegal hawking of life insurance policies and could face a combined maximum penalty of more than $1.8 million...