19 July 2021
The corporate regulator says no further action will be taken against AMP over the financial services firm’s alleged “fees for no service” conduct after finalising its investigation into the matter...
19 July 2021
Allianz Australia Life Insurance has appointed Adrian Stewart as acting CEO, replacing Matthew Rady who will be leaving the business...
19 July 2021
The Association of Financial Advisers will hold its national conference from September 21-22, with Minister for Superannuation and Financial Services Jane Hume to deliver the keynote address on the opening day of the event...
19 July 2021
Melbourne-based adviser group ASVW Financial Services is gaining traction in the market by setting out to be different from the traditional licensee model, CEO Stuart Abley says in a business update...
12 July 2021
OnePath Life will remediate up to $35 million to more than 40,000 life insurance customers who were sold products over the phone between 2010 and 2016, the corporate regulator announced today...
12 July 2021
A new life insurance report from MetLife has cautioned against axing the adviser commission model ahead of next year’s review into the remuneration arrangement...
12 July 2021
The Financial Services Council says it has developed templates for a number of products such as life insurance and income protection to help members prepare for design and distribution laws that will take effect on October 5...
12 July 2021
Westpac announced last week its New Zealand life business will be sold for $NZ400 million to Fidelity Life Assurance Company...
12 July 2021
About 20% of consumers have lied when applying for a life insurance policy in order to get cheaper premiums, according to a survey by comparator Finder...
12 July 2021
AIA Australia has named Peter Yates as Chairman, replacing Theresa Gattung...
12 July 2021
Advisers have flagged concerns over additional regulatory guidance on oversight of advice fees charged to clients’ superannuation accounts...
05 July 2021
Disability income insurance new business fell 9.4% to $386 million in the 12 months to March from a year earlier, the lowest recorded since 2011, according to a new report from research house Dexx&r...
05 July 2021
Influenza-linked deaths in Australia have been almost non-existent since mid-April last year, reflecting the effective impact of face mask rule and social distancing measures in limiting the spread of respiratory illness, according to a new research paper from the Actuaries Institute...
05 July 2021
The Insurance in Superannuation Voluntary Code of Practice has been replaced with a new guidance, sparking a storm of criticism from consumer advocacy groups...
05 July 2021
A complainant who claimed inappropriate advice from a representative of Westpac led to her buying polices that did not cover her for anxiety or depression has lost her dispute before the Australian Financial Complaints Authority (AFCA).
05 July 2021
AIA Australia has appointed Harumi Hancox as Head of Strategic Partnerships, with responsibility for the insurer’s Master Trust Clients...
28 June 2021
Advice reforms introduced in recent years have added to the compliance cost burden facing advisers, contributing to the higher price that consumers must prepare to pay if they want professional guidance, a parliamentary hearing heard last week...
28 June 2021
The Federal Government has pushed ahead with a Hayne royal commission recommendation to create a single disciplinary body for financial advisers, introducing a Bill for the proposed measure in Parliament last week...
28 June 2021
A decision by Westpac Life Insurance Services to avoid an income protection policy held by a customer who did not disclose his medical history of alcohol abuse and depression has been upheld by the Australian Financial Complaints Authority...
28 June 2021
Financial adviser Hannah Jennings has been banned by the industry regulator from providing financial services for four years...