PPS Mutual names NSW manager
30 July 2018
Specialist insurer PPS Mutual has appointed Sabrina Sequeira-Walmsley as NSW State Manager…
Life Insurance
Consumer advocates demand action on funeral insurance
23 July 2018
Consumer groups say a stronger regulatory framework is needed around funeral insurance to prevent inappropriate sales…
Rowell renews premium warning over opt-in reform
23 July 2018
The Australian Prudential Regulation Authority has again warned the Senate committee considering group insurance opt-in that the proposals are likely to lift premiums…
NZ regulator warns on replacement policy risks
23 July 2018
Replacement life insurance policies mostly compromise policyholders’ best interests, a review by New Zealand’s Financial Markets Authority (FMA) has found…
Ex-Perpetual chief to lead MLC
23 July 2018
NAB has appointed Geoff Lloyd as CEO of its MLC wealth management business, which it plans to divest by the end of next year…
MetLife poaches TAL manager for COO role
23 July 2018
MetLife Australia has appointed David Campbell as COO, effective from September 17…
HSBC axes advice operation
23 July 2018
HSBC is shutting its financial advice division following a strategic review…
Appeals tribunal cuts adviser’s ban
23 July 2018
Tasmanian adviser Troy Williams will serve a six-year ban after the Administrative Appeals Tribunal overturned a permanent exclusion from providing financial services…
Pacific Life Re shakes up growing client strategy team
23 July 2018
Pacific Life Re has made two appointments in its client strategy and solutions team…
Opt-in reform promotes underinsurance: AFA
16 July 2018
The Association of Financial Advisers has criticised proposed opt-in arrangements for life cover in superannuation…
Heavyweights join opposition to opt-in proposal
16 July 2018
Industry opposition to opt-in insurance in superannuation is growing, with TAL Life, Munich Re, MetLife and RGA Reinsurance making submissions to the Government…
APRA backs industry over super concerns
16 July 2018
The Australian Prudential Regulatory Authority has echoed industry concerns that opt-in cover in superannuation will have a material effect on group life insurers…
FPA members urged to submit exam feedback
16 July 2018
The Financial Planning Association is seeking member feedback on the Financial Adviser Standards and Ethics Authority’s proposed guidance for the industry exam…
TAL offers diabetes webinar for advisers
16 July 2018
TAL has developed a webinar on diabetes to help financial advisers better understand the condition when making claims…
Centrepoint appoints research chief
16 July 2018
Wealth manager Centrepoint Alliance has appointed Miriam Herold as Head of Research…
APRA warns of action on disability income cover
09 July 2018
The Australian Prudential Regulation Authority says it will step up supervision of disability income insurance if progress on improving the product’s performance is inadequate…
Super fund insurance prices show wide variation
09 July 2018
Premiums for insurance within super funds are showing wide variation even within similar risk groupings, a Rainmaker Information study says…
New class action alleges Commonwealth misled investors
09 July 2018
Law firm Phi Finney McDonald has filed a class action in the Federal Court against the Commonwealth Bank over allegations that it misled investors regarding breaches of anti-money laundering and counter-terrorism financing laws…
Fake adviser sentenced to community service
09 July 2018
A resident of the New Zealand tourist centre of Queenstown has been sentenced to 200 hours community work and three months community detention after pleading guilty to impersonating a registered financial adviser…
FPA hits out at education reform proposals
09 July 2018
The Financial Planning Association has called for common sense to prevail as it continues to oppose the proposals for new education requirements…