iExtend names new CFO
25 March 2024
iExtend has appointed Michael Edwin as its new CFO...
Life Insurance
Green light for rate rises after level premium dispute
18 March 2024
Another complaint over level premium increases by insurer TAL has failed, with the Australian Financial Complaints Authority ruling the rises were allowed as outlined in the contracts...
Adviser group seeks sponsors for women mentoring program
18 March 2024
The Financial Advice Association of Australia is looking for sponsors to support its women mentoring program after government funding ran out late last year...
MetLife names director as new chair
18 March 2024
MetLife Australia has named Independent Non-Executive Director Nicola Wakefield Evans as Chair, taking over from Geoff Brunsdon, who is retiring after 13 years on the board...
Insurer offers menopause support program
18 March 2024
AIA has set up a support program for women experiencing menopause symptoms that prevent them from working...
MetLife extends community grant program to Australia
18 March 2024
MetLife has added Australia to its community impact grant program, which was launched in the US last year...
Industry urged to improve reputation in recruitment push
11 March 2024
The Australasian Life Underwriting and Claims Association has outlined ways for the industry to attract and retain talent, drawing on interviews with senior leaders and a survey of under-35s...
Lawsuit alleges mortgage broker sold junk cover
11 March 2024
Shine Lawyers has begun class action proceedings against Aussie Home Loans, alleging the mortgage broker sold junk insurance to thousands of customers...
Advice profession ‘rises to challenge’
11 March 2024
Financial advice practices are holding up well despite challenges such as rising operating costs and staffing issues, according to a new report...
Disability cover in super falling short, MLC says
11 March 2024
MLC Life Insurance has called for changes to default disability cover offered via superannuation after research showed current arrangements do not provide the protection people need...
New PI insurance targets advisers
11 March 2024
A Lloyd’s-backed professional indemnity cover designed for financial advisers has launched under a partnership between Adviser Ratings and insurtech Numerisk...
Adviser association maps out roadshow
11 March 2024
Financial Advice Association Australia will hold roadshow events next month and in May to engage with members...
NZ advice industry celebrates high achievers
11 March 2024
The Financial Advice New Zealand conference last week handed out awards for outstanding achievement...
‘Regulatory intervention essential’ on genetic testing, AFCA says
04 March 2024
The Australian Financial Complaints Authority backs regulating life insurers’ use of genetic testing results, saying government intervention is needed for the sake of consumers...
Funeral insurer misrepresented Indigenous ownership
04 March 2024
A court has ruled that funeral insurer Youpla Group and subsidiary ACBF Funeral Plans misrepresented to Indigenous consumers that the business was owned or managed by Aboriginal people...
Policyholder has no right to commissions, AFCA rules
04 March 2024
The Australian Financial Complaints Authority has rejected a life insurance policyholder’s bid to obtain a portion of the commissions paid to his adviser...
MLC fills tech chief position
04 March 2024
MLC Life Insurance has appointed Mirella Robinson to the newly created Chief Technology Officer role...
Suncorp NZ life profit hit by discount rate
26 February 2024
Suncorp New Zealand’s life business suffered a 12.5% decline in half-year net profit to $NZ14 million ($13.1 million), the business announced today...
Insurer ordered to reinvestigate melanoma claim
26 February 2024
Resolution Life Australasia must reassess a melanoma patient’s trauma claim after a dispute ruling found that it carried out a “deficient” investigation into whether the man’s illness met terms covered by its policy...
Lawyers update class action members on Colonial settlement
26 February 2024
Slater & Gordon has provided an update on a $100 million class action settlement with Colonial First State in relation to adviser commissions and fees charged to super members...