01 July 2019
Individual advised death cover has a 96% admittance rate compared with 88% for non-advised cover, according to the Australian Prudential Regulation Authority’s life insurance claims and disputes data for last year...
01 July 2019
Centrepoint Alliance has persuaded 200 of its 226 adviser businesses to adopt a new pricing model before grandfathered life insurance commissions are removed in two years...
01 July 2019
A Queensland adviser has been banned for five years for pushing clients into more expensive life insurance policies than they needed...
01 July 2019
A class action has been filed against Suncorp’s superannuation trustees over conflicted advice fees charged to super customers over the past six years...
01 July 2019
About 70% of financial planners cite the compliance burden as the leading challenge facing their profession after last year’s royal commission on financial sector misconduct, an Investment Trends survey has found...
01 July 2019
MetLife and the Association of Financial Advisers are launching a grant program for female financial advisers to advance their careers...
24 June 2019
The life insurance industry made a total net profit of $924 million last year, a sharp drop from $2.38 billion in 2017, according to Australian Prudential Regulation Authority institution-level statistics...
24 June 2019
Some wealth managers drawing fees from superannuation life insurance policies on inactive accounts are disputing regulatory guidance from the Australian Prudential Regulation Authority that such accounts need to be either confirmed or cancelled by members...
24 June 2019
MetLife Australia has created a new Chief Customer and Marketing Officer position, promoting chief distribution officer Chesne Stafford to the role...
24 June 2019
Former foreign minister Julie Bishop and Thailand cave rescuer Richard Harris will headline the Association of Financial Advisers’ annual conference in August...
24 June 2019
Zurich has launched a wellness app to reward life insurance customers who improve and maintain physical and mental wellbeing...
17 June 2019
The Financial Planning Association and the Association of Financial Advisers have formed a joint life insurance taskforce...
17 June 2019
The Financial Services Council and the Association of Superannuation Funds of Australia have launched a joint campaign to encourage people to check their group life cover arrangements ahead of legislative changes...
17 June 2019
Disruption in the financial advice market has led to a drop in Challenger’s annuity sales from $1.17 billion to $662 million over six months...
17 June 2019
Commonwealth is the latest bank to offload its financial advice arm, selling Count Financial to CountPlus for $2.5 million...
17 June 2019
Fidelity Life New Zealand has recruited Gallagher Bassett’s EGM Claims Katherine Johnson to be its new COO...
17 June 2019
Kaplan Professional’s graduate diploma of financial planning and other bridging courses have been approved by the Financial Adviser Standards and Ethics Authority...
11 June 2019
The Federal Government and corporate regulator’s “obsession” with conflicted remuneration is blinding them to the need to ensure consumers have access to financial advice, a leading adviser warns…
11 June 2019
MLC policyholders can claim for past heart attacks or arthritis after the insurer retrospectively updated old definitions…
11 June 2019
Smokers can pay hundreds of dollars more a month than non-smokers for $500,000 life insurance policies, according to Canstar research…