AIA hosts mental health roundtable for AFL players
26 April 2021
AFL players and executives have shared their experiences coping with mental health challenges during the pandemic in a roundtable discussion co-hosted by life insurer AIA...
Life Insurance
Advisers push for ‘bold’ reforms to cut costs
19 April 2021
Advisers have called for “bold and fundamental changes” to the legislative and regulatory framework governing the sector, including the classification of advice into either general information or personal advice...
ASIC signals advice guidance changes on the cards
19 April 2021
The corporate regulator has flagged possible changes to the way its guidance is “structured and set” for the provision of advice to consumers, following a consultation with advisers, academics and other industry stakeholders...
Advisers call for ‘further analysis’ of breach reporting regime
19 April 2021
Financial advisers have “serious concern” with the new breach reporting regime that will be introduced in October, warning the legislation in its present form could lead to increased operating costs that may have to be passed on to consumers...
Humans still trump bots when it comes to financial planning
19 April 2021
Industry reservations over machine-generated advice still run deep, with many pointing out humans retain an edge over algorithms when it comes to financial planning, according to submissions received by the corporate regulator...
FASEA chairman reappointed
19 April 2021
Catherine Walter has been reappointed part-time Chairman of the Financial Adviser Standards and Ethics Authority...
ASIC extends COVID relief measure for advisers
19 April 2021
The Australian Securities and Investments Commission will extend one of three COVID temporary relief measures aimed at helping advisers provide affordable services to consumers during the pandemic...
FMA gives advice provider breakdown under new regime
19 April 2021
New Zealand’s Financial Markets Authority has provided a breakdown of financial advice providers since new laws governing the sector came into effect last month...
MLC Life hires senior finance GMs from Integrity, TAL
19 April 2021
MLC Life Insurance has made two senior additions to its finance team in newly-created management roles...
APRA proposes action to improve oversight of offshore life reinsurers
12 April 2021
The prudential regulator is acting on its long-running concerns over the increased use of offshore reinsurers, seeking feedback for its plans to revise a key capital standard after an initial round of consultation in 2019...
FSC prepares members for design and distribution regime
12 April 2021
The Financial Services Council and its members have developed templates and industry data standards in preparation for design and distribution obligations laws that will take effect on October 5...
CommInsure purchase will boost AIA: S&P
12 April 2021
The Commonwealth Bank of Australia has wrapped up the sale of CommInsure Life, receiving a final payment of $100 million from AIA Australia...
Allianz tops customer satisfaction survey
12 April 2021
Allianz scored best in a survey of customers with life insurance policies, achieving a satisfaction rating of 87.3% over the 12 months to February, according to research firm Roy Morgan...
MetLife announces partnership to expand health program
12 April 2021
MetLife Australia will expand its 360Health program under a new partnership with virtual health provider Teladoc Health...
Deloitte steps up life, super offerings with Rice Warner acquisition
12 April 2021
Deloitte is expanding its superannuation and wealth management advisory business with the acquisition last week of independent actuarial firm Rice Warner...
MLC firms join Count Financial network
12 April 2021
Count Financial says three former MLC firms are joining its national network of advice businesses...
FSC ‘shares’ industry concerns over possible UCT impacts
29 March 2021
The Financial Services Council says it has been working with its members to “better understand the full implications including unintended ones” from unfair contract terms laws when they apply to insurance contracts next month...
ASIC releases advice fee legislative instruments after consultation
29 March 2021
The corporate regulator has made three legislative instruments setting out the requirements for provision of advice services, after Parliament passed laws that arose out of reform proposals made by the Hayne royal commission...
FSC tracks down 'lost' life policies for flood victims
29 March 2021
The Financial Services Council is helping flood-affected Australians who are trying to track down “lost” life insurance policies...
AFA searches for new CEO as Philip Kewin passes the baton
29 March 2021
Philip Kewin has stepped down from his role as CEO of the Association of Financial Advisers after four years at the helm...