25 May 2020
Life insurance products in the post-pandemic landscape will offer "very minimal benefits and features," Centrepoint Alliance says, giving customers a chance to decide what they want in their policies...
25 May 2020
The Federal Government has announced it would ban the payment of stamping fees in relation to listed investment companies and trusts, following a Treasury consultation on the matter...
25 May 2020
The Financial Services Council has welcomed the passage last week of the Treasury Laws Amendment Bill, which gives merging superannuation funds permanent capital gains tax relief...
25 May 2020
Financial services group IOOF announced today a class action filed against it alleging breach of duties as superannuation trustees has been "discontinued, with no order as to costs"...
18 May 2020
A Treasury Laws Amendment Bill that was expected to have passed last week, giving financial advisers a one-year extension to complete a new exam requirement, has been delayed to June 10 when parliament resumes...
18 May 2020
The Financial Planning Association says the Federal Government should be open to further timeline changes for proposed Hayne royal commission reforms as advisers’ attention is focussed on assisting clients and the broader community during the pandemic crisis...
18 May 2020
Life insurers have responded to an appeal by financial advice group Synchron for the industry to offer support for customers who have been financially hit by the virus-triggered economic slump...
18 May 2020
A man who had a tumour believed to be malignant removed but discovered after the surgery he did not have cancer has won a dispute over a payout under his policy with life insurer OnePath...
18 May 2020
Commonwealth Bank expects to complete the $426 million sale of its Indonesian life business next month to Hong Kong-based FWD Group after gaining final regulatory approval...
11 May 2020
Financial advisers have welcomed the Federal Government’s decision to defer implementation of Hayne royal commission reforms by six months, calling it a "sensible" move in light of economy-wide disruptions created by the virus outbreak...
11 May 2020
AMP will complete the sale of its life business to Resolution Life as planned on June 30, Chairman David Murray said on Friday in his AGM address to shareholders...
11 May 2020
The Australian Securities and Investments Commission has banned former Dover Financial Advisers authorised representative (AR) Christopher Norman Harris for 10 years, and has also barred two advisers from other firms for three years...
11 May 2020
QSuper has decided not to appeal against a court ruling that upheld a determination made by the Australian Financial Complaints Authority...
11 May 2020
The life industry posted a 4.5% decline in risk inflows to $15.7 billion last year, snapping a decades-long growth streak, according to data compiled by actuaries and researchers Plan for Life...
11 May 2020
A financial adviser whose instructions left a client without life insurance cover, and their spouse later missed out on a payout, has been permanently banned by the regulator from providing financial services...
11 May 2020
TAL has created a free COVID-19 wellbeing webinar guiding financial advisers on communicating with clients during the coronavirus lockdown...
04 May 2020
Westpac announced today plans for a strategic review of its non-banking operations that could include selling the life business...
04 May 2020
An insurer that provides funeral products to the Aboriginal community was attacked by MPs during parliamentary hearings last week...
04 May 2020
Financial advisers have strongly refuted claims made by law firm Maurice Blackburn that life insurance bought through group super offers greater value for customers than policies that are acquired based on tailored advice...
04 May 2020
The Australian Securities and Investments Commission has warned life insurers that they must stand by Code of Practice commitments towards vulnerable customers as pressures increase due to the coronavirus pandemic...