Court backs $140 million group ‘overcharging’ settlement
30 March 2026
The Federal Court has approved a $140 million settlement to a class action alleging overcharging of group insurance premiums...
Life Insurance
Zurich revises cover for AFL players amid concussion ‘uncertainty’
30 March 2026
Zurich has confirmed changes to its group insurance program for Australian Football League players after media reported it no longer includes head trauma...
AFCA rules out more compensation for widow
30 March 2026
TAL and super fund IOOF adequately compensated a widow for delays assessing a terminal illness benefit, the financial services ombudsman has ruled...
Genetic test ban awaits Senate nod
30 March 2026
Australia is close to banning the use of genetic test results in life insurance underwriting after proposed laws cleared the House of Representatives last week...
Advisers canvassed on compensation scheme charge
30 March 2026
Financial Advice Association Australia has launched a member survey on the impact of Compensation Scheme of Last Resort levies...
FSC names new deputy chair
30 March 2026
The Financial Services Council has appointed Challenger CEO Nick Hamilton as deputy chair...
NZ consumer survey finds advice gap
30 March 2026
A Financial Markets Authority review of New Zealanders’ access to advice has found “significant opportunity” for improvement...
Treasury consults on adviser education reforms
23 March 2026
Federal Treasury has started consulting on its proposed revamp of education requirements for life insurance and other financial advisers...
No going back on cancelled cover, executor told
23 March 2026
A life insurance policy cancelled under the Protecting Your Super regime will not be reinstated despite a complaint that the owner did not understand he was losing the cover...
MetLife hails faster underwriting outcomes
23 March 2026
MetLife Australia says it has improved turnaround times over the past year after changing its underwriting processes...
Industry raises alarm as Australians turn to bots for advice
23 March 2026
Life insurers have made a renewed push for progress on the federal government’s plan for a new class of adviser to offer “simple” advice...
Union takes on Acenda over ‘chaotic’ job cuts
16 March 2026
More than 200 Acenda employees have been laid off following the merger last year of the MLC Life and Resolution Life Australia operations, according to the Finance Sector Union...
Disability pension no offset against benefit: AFCA
16 March 2026
An insurer cannot reduce a policyholder’s payments for being unable to work by offsetting them with a disability pension unrelated to work capacity, the complaints authority has ruled...
Advice group celebrates claims milestone
16 March 2026
Specialist life adviser Australian Financial Risk Management says it has secured more than $400 million in claim payouts for clients since it launched in 1997...
‘Blunt super reforms harming members, families’
09 March 2026
Reforms protecting super members from paying multiple account fees and unnecessary premiums have led to unintended consequences, the Association of Superannuation Funds of Australia says...
Bid to close abuser payout loophole in super laws
09 March 2026
The federal government has proposed reforms to stop perpetrators of family violence from accessing their victims’ superannuation death benefits...
Widow denied payout over partner’s ‘reckless’ non-disclosures
09 March 2026
Zurich has won a claim dispute by arguing it would not have provided death cover to a man if he had disclosed mental health conditions, other medical issues and drug use...
Insurer warned over medical info consent breach
09 March 2026
An unnamed life insurer has been sanctioned for failing to obtain proper consent from customers to collect their medical details during underwriting...
Researchers help TAL overhaul mental health claims
09 March 2026
TAL has formed a partnership with health researchers aiming to improve outcomes for customers with income protection claims related to mental illness...
Sydney adviser wins Gwen Fletcher prize
09 March 2026
Financial Advice Association Australia has named Roland Xu the winner of its latest Gwen Fletcher Memorial Award...