29 January 2018
CommInsure will pay $300,000 to a consumer advice service and have its advertising sign-off process independently reviewed after an Australian Securities and Investments Commission investigation…
29 January 2018
A former Commonwealth Financial Planning adviser who left clients without insurance after they switched products has been banned for five years…
29 January 2018
A voluntary code of practice for providing insurance within superannuation has come under fire for lacking teeth and rejecting stronger reforms…
29 January 2018
Queensland’s Breakaway Finance Group will cancel its financial services licence under an enforceable undertaking to the Australian Securities and Investments Commission, as the regulator continues to crack down on planners…
29 January 2018
The Australian Securities and Investments Commission says financial advisers are cutting corners when witnessing signatures for superannuation death benefit nomination forms…
29 January 2018
Life insurers increasingly look to improve value for current customers to deliver long-term profitability, according to Swiss Re’s Sigma study…
29 January 2018
The Australian Securities and Investments Commission has started Federal Court action against Melbourne-based Financial Circle over its advice and tactics…
29 January 2018
ANZ Wealth is collaborating with the Advanced Analytics Institute at the University of Technology Sydney to explore opportunities for artificial intelligence to improve the life insurance underwriting process…
29 January 2018
An announcement by the Financial Adviser Standards and Ethics Authority on mandatory education pathways for current financial planners has been welcomed by the Financial Planning Association of Australia…
11 December 2017
Research for MetLife Australia shows superannuation fund members know about life insurance within their funds and levels of default cover…
11 December 2017
Life insurers must change their thinking on mental health as treatments advance, a doctor has told a parliamentary joint committee hearing on the industry…
11 December 2017
Overall satisfaction with life insurers has declined marginally to 66.2% from 67.5% last year, according to the annual Roy Morgan Single Source survey of more than 50,000 consumers…
11 December 2017
The Australian Securities and Investments Commission accepts commission payments should not feature on the first page of new life insurance statements of advice…
11 December 2017
Kaplan Professional says advisers should embrace “lifelong learning” rather than the current process-driven approach to professional education…
11 December 2017
AIA Australia will waive policy and Vitality scheme fees for the first two years for new applicants to it Priority Protection product…
11 December 2017
The Australian Securities and Investments Commission has updated Regulatory Guide 246 on conflicted remuneration…
11 December 2017
Honan Insurance Group and MBS Insurance have created a joint venture, to be called Honan Life Insurance Group…
11 December 2017
TAL has announced the appointment of Loraine van Eeden as GM Claims…
11 December 2017
Austock Life has changed its name to Generation Life and appointed Catherine van der Veen and Lucy Foster to replace Ross Higgins and act as joint CEOs…
11 December 2017
Found Financial Services principals Matthew Wallis and Rochelle Manoharan have been permanently banned from providing financial services after making false life cover applications…