Leading industry super fund fined over ‘inexcusable’ breaches
24 February 2025
AustralianSuper has been fined $27 million for breaching laws that protect members with more than one account in a superannuation fund...
Life Insurance
Challenger hails life performance as first-half profit climbs
24 February 2025
Challenger says its life business “maintained its momentum” in the first half, contributing to increased earnings at the investment group...
Peak body launches adviser lobby program
24 February 2025
Financial Advice Association Australia has urged members to join an initiative to increase the profession’s engagement with politicians ahead of this year’s federal election...
TAL marks 10 years of Risk Academy program
24 February 2025
TAL is celebrating a decade of its financial adviser education program, as it begins this year’s courses...
Labor opens consultation on genetic test ban
17 February 2025
The federal government will consult on the legislative design of its proposed ban on the use of genetic test results in life underwriting...
AFCA backs insurer over non-disclosure of injury, alcohol abuse
17 February 2025
The complaints authority says an income protection policyholder was “consciously indifferent to the truth” when she did not disclose her alcoholism and a recent operation to her insurer...
Minister headlines NZ adviser conference
17 February 2025
Financial Advice New Zealand will hold its national conference in Christchurch from April 1-3...
FAAA roadshow rolling into Geelong
17 February 2025
Financial Advice Association Australia will start this year’s forum roadshow in Geelong on March 4...
Advisers cautious as Jones flags education changes
10 February 2025
Financial Services Minister Stephen Jones has announced plans to reform education requirements for advisers...
Swiss Re fills national life and health role
10 February 2025
Swiss Re has named Lloyd Campbell-Gibson as Australia and New Zealand head of life and health...
Advisers target career changers in latest talent drive
10 February 2025
Financial Advice Association Australia is renewing its efforts to attract new talent to the profession...
Labor under fire for ‘dropping the ball’ on genetic test ban
10 February 2025
Healthcare lobby groups have attacked the federal government over a lack of progress on outlawing life insurers’ use of genetic testing to assess underwriting risks, despite a previously announced ban...
AFCA backs insurer on rejected memory impairment claim
10 February 2025
A policyholder who claimed income protection for a cognitive impairment will not receive a payout after the dispute authority found his condition arose while his cover was “on hold”...
MLC acting risk chief takes permanent role
10 February 2025
MLC Life Insurance has appointed Melissa Ammon as chief risk officer...
Suncorp continues general shift as NZ life exit formalised
03 February 2025
Resolution Life has completed its $NZ410 million ($371 million) purchase of Suncorp’s life business in New Zealand after securing regulatory approvals...
AFCA rejects bid for death benefit after ‘drug-affected’ plane crash
03 February 2025
A father who claimed a $900,000 death benefit has been denied a payout after the complaints authority found drug use probably played a role in his pilot son’s plane crash...
Minister targets claims handling in new super regulations
03 February 2025
The federal government will introduce enforceable service standards for large superannuation funds, beginning with requirements for fair and efficient insurance claim processing...
APRA adds to super transparency with fund-level data
03 February 2025
The Australian Prudential Regulation Authority says its annual superannuation statistics have for the first time included fund-level detailed insurance data...
Nippon bolsters Australian presence with Resolution deal
16 December 2024
Japan’s Nippon Life has announced an $US8.2 billion ($13 billion) acquisition that it says will consolidate its position in the Australian market...
Advice reforms face election interference, FAAA says
16 December 2024
Advisers say the release of draft legislation for the next phase of advice reforms may be decided by the timing of the federal election, which must be held by May...