03 May 2021
A rise in code breaches blamed on staff actions has cast doubt over life insurers’ assertions that they have adequate training frameworks in place for employees, according to the Life Code Compliance Committee...
03 May 2021
Westpac Group says it has reached an agreement with Shine Lawyers to settle a class action relating to premiums for life insurance policies that were sold between 2011 and 2017 “without any admission of liability”...
03 May 2021
The Financial Services Council has named the winners of individual and team excellence awards...
03 May 2021
Research house Investment Trends has released a new report on developments in technology used by financial advisers to improve delivery of offerings and services to clients...
03 May 2021
The Australasian Life Underwriting and Claims Association has announced the finalists for its annual excellence awards across 10 categories...
03 May 2021
Treasury has released for consultation the exposure draft regulations for a raft of proposed reforms to the superannuation system, including a so-called “stapling” measure that aims to save workers from paying unnecessary account fees and group insurance premiums...
03 May 2021
MetLife Australia will waive premiums for three months to provide relief to customers who have been affected by recent floods in New South Wales and Queensland...
03 May 2021
TAL has rolled out its Claims Assist digital service to superannuation fund partners to help their members more easily manage claims...
03 May 2021
IOOF has committed to take remedial action related to licensees Bridges Financial Services and RI Advice Group, the Australian Securities and Investments Commission says...
03 May 2021
ClearView Wealth has appointed Maria Falas to a new Head of Life Strategy and Transformation position...
03 May 2021
MLC Life Insurance has appointed Bozenna Hinton as its new GM, Product, Pricing & Retail Insurance Proposition, responsible for the insurer’s portfolio, including a new income protection product to be launched later this year...
26 April 2021
A planned separate review of the Life Insurance Framework – which caps commissions paid to advisers - will now be conducted as part of a broader examination into quality of advice offered to consumers...
26 April 2021
Disability income insurance policies have the highest claims paid ratio for all distribution channels, prompting the prudential regulator to issue another warning about the sustainability of the troubled line...
26 April 2021
Treasury has released for consultation its draft legislation for stronger oversight of the financial advice sector, including the establishment of a single disciplinary body as recommended by the Hayne royal commission...
26 April 2021
An industry-wide set of professional standards has been introduced for life insurers, a first for the sector...
26 April 2021
The Association of Financial Advisers has sent an advisory to members explaining how the new claims handling regime will apply to them...
26 April 2021
Industry super fund Cbus has again flagged its concern over proposed legislation that will put an end to working Australians having multiple superannuation accounts...
26 April 2021
MetLife is encouraging financial advisers to build on a swell of consumer goodwill and demand for advice, driven by COVID, and says those who are proactive in servicing their clients will be rewarded...
26 April 2021
Challenger says it is making significant adjustments to the pricing of its annuities in response to new investment conditions, notably a sharp decline in credit spreads...
26 April 2021
TAL has partnered with virtual healthcare provider Teladoc Health to offer extra mental health support...