15 July 2013
The former national claims manager of a Melbourne underwriting agency has been permanently banned from providing financial services after he was found to have fraudulently obtained more than $1.2 million…
15 July 2013
States and territories have agreed on minimum criteria for motor vehicle accident compensation programs under the new National Injury Insurance Scheme…
15 July 2013
The Insurance Council of Australia says it still has concerns about the Privacy Amendment Bill 2013…
15 July 2013
Sean Hughes, the CEO of New Zealand’s Financial Markets Authority, will stand down at the end of the year…
08 July 2013
The Australian Securities and Investments Commission has permanently banned Sydney broker Leroy Bowmaker from providing financial services…
08 July 2013
Plans to place the same risk management rules on insurers and banks are too rigid and may inflict excessive costs on smaller insurers, according to the Actuaries Institute…
08 July 2013
Natural disaster mitigation projects in Queensland will receive more than $12 million in the latest round of funding announced by the Federal and Queensland governments…
08 July 2013
The Australian Securities and Investments Commission has published guidance on how and when it will decide to intervene in private court cases…
08 July 2013
The sale of financial services businesses will be exempt from conflicted remuneration provisions in the Future of Financial Advice legislation…
08 July 2013
The Australian Securities and Investments Commission has permanently banned a Sydney financial adviser for submitting false life insurance applications…
08 July 2013
New Zealand’s Financial Markets Authority received 1273 complaints and 2923 enquiries about financial advice in the 11 months to May 31…
01 July 2013
Federal Treasurer Chris Bowen has taken over the financial services and superannuation portfolio in Prime Minister Kevin Rudd’s new leadership team…
01 July 2013
Helen Rowell has been appointed a member of the Australian Prudential Regulation Authority. Her five-year term begins today…
01 July 2013
Suncorp has paid $23 million in refunds after failing to deliver promoted discounts and policy upgrades…
01 July 2013
A bill to include unfair contract terms in the Insurance Contracts Act has been introduced to the House of Representatives…
01 July 2013
The Australian Prudential Regulation Authority has launched a consultation on insurers’ reinsurance counterparties, as it seeks “a complete picture” of how reinsurer downgrade or failure would affect groups…
01 July 2013
The Australian Securities and Investments Commission expects to take further action following its investigations into funeral insurance…
01 July 2013
Complaints concerning Canterbury earthquake damage could continue for another five years, New Zealand’s Insurance and Savings Ombudsman warns…
24 June 2013
Insurers will find it easier to communicate electronically with clients after the Senate last week passed the Insurance Contracts Amendment Bill, which gives greater certainty about information that can be sent…
24 June 2013
The Australian Securities and Investments Commission has proposed higher training standards for financial advisers…