Life Insurance
Advice association wants special levy ‘set to zero’
12 October 2026
Advisers have urged the federal government to reconsider a planned $10 million special charge on the profession to pay for the Compensation Scheme of Last Resort’s FY27 funding gap...
Code watchdog eyes claims handling failures
12 October 2026
“Recurring problems” in claims handling remain a priority for the Life Code Compliance Committee, according to the independent watchdog’s 2025-26 annual report...
Acenda picks new commercial chief
12 October 2026
Acenda Life says Ross Miller will become chief commercial officer, taking over from Sean McCormack, who is stepping down...
Retirement trend drives advice demand: Swiss Re
12 October 2026
Swiss Re says the life market is changing as millions of consumers approach retirement with the option to self-manage their pension funds...
WIP names partnerships chief
12 October 2026
WIP Group head of growth Damien Davie has been promoted to chief partnerships officer...
PPS hires state BDM
12 October 2026
PPS Mutual has appointed Maria Repac as business development manager for NSW...
Allianz, AIA partner on ‘solution to retirement puzzle’
12 October 2026
AIA and Allianz say they have teamed up to address Australia’s retirement challenge...
Genetic test ban kicks in after lengthy reform push
08 October 2026
Laws banning the use of adverse genetic test results in life insurance underwriting began today after the reform secured passage in the Senate in April...
Funeral insurance, new life code among ASIC priorities
05 October 2026
The Australian Securities and Investments Commission plans to review funeral insurance providers and expects to complete an ongoing probe of life insurers’ customer services adequacy this financial year...
Compliance committee ‘carefully’ considering code proposals
05 October 2026
The Life Code Compliance Committee is “carefully” examining proposed measures that will have a bearing on its oversight of the industry...
AFCA backs drug death claim denial
05 October 2026
A life insurer has been backed by the industry ombudsman in rejecting an accidental drug death claim, because the main substance involved appeared not to have been prescribed...
PPS names strategy director, product head
05 October 2026
PPS Mutual has appointed Matthew Pilcher as director of strategy and Avanti Patki as head of product...
Life insurers address mental health in code review response
30 September 2026
Life insurers have stressed the need for “appropriate product design flexibility” to keep mental health cover affordable and accessible as the industry takes its overhaul of its code of practice to the next phase following a review...
Insurer to pay compensation for wrong PTSD call
28 September 2026
A life insurer has been ordered to pay $4000 to an income protection policyholder after telling him his PTSD was covered, only to reverse its position six weeks later and reject his claim...
Advisers say draft privacy law changes need ‘further clarification’
28 September 2026
Draft changes to privacy laws need “further clarification” to avoid “unnecessary” duplicative compliance obligations for financial advisers, the profession’s peak body says...
Fatigue, cost main barriers to vital social activity
28 September 2026
TAL is giving away tickets to AFLW games and encouraging Australians to invite a family member or friend along to support social connection...
Australians don’t trust AI for major financial decisions, survey finds
21 September 2026
Australians find ChatGPT and other artificial intelligence tools useful for researching financial matters but are wary of relying on them to make important decisions, according to new research from TAL...
Compliance watchdog warns on renewals failings
21 September 2026
The Life Code Compliance Committee has reminded insurers of the importance of identifying renewal notice failures and their impacts and providing timely and effective remediation...
Labourer wins TPD dispute over 'suitable work'
21 September 2026
An insurer has been ordered to pay a total and permanent disablement benefit after the industry ombudsman said it was not satisfied that a labourer “was reasonably suited to work as an information officer”...
FAAA finalises excellence awards contenders
21 September 2026
Finalists for the Financial Advice Association Australia excellence awards have been revealed, with the winners to be announced at the peak body’s annual conference gala dinner in Melbourne on November 26...