08 February 2021
Providing employee benefits such as flexible work arrangements and extra paid parental leave will lead to increased productivity and retention of talented staff, a MetLife Australia survey has found...
08 February 2021
TAL has launched this year’s prospectus for TAL Risk Academy, its adviser education program...
01 February 2021
AMP Financial Planning must pay more than $450,000 to the children of a man who died in an accident after his life insurance was allowed to lapse...
01 February 2021
A Sydney-based financial adviser who failed to provide advice that was in the best interests of his clients and did not keep proper records of his work has been banned for three years from the financial services industry...
01 February 2021
MLC Life Insurance has appointed Michael Rogers as Chief Life Insurance Officer, replacing Sean McCormack who took on the newly created role last year and will leave the business on February 26...
01 February 2021
NAB is selling its New Zealand life insurance business, BNZ Life, for $NZ290 million, with the transaction set to close later this year pending approvals from regulatory authorities...
01 February 2021
MetLife has advised listener discretion due to the confronting content of its latest ‘MetLife Insights’ podcast which aims to raise awareness about mental health and suicide among advisers and encourage them to seek help...
14 December 2020
Key peak bodies have expressed support for the Morrison Government’s decision to wind up the Financial Adviser Standards and Ethics Authority and introduce other measures that will reduce red tape...
14 December 2020
The Australian Securities and Investments Commission has updated its regulatory guide on conflicted and other banned remuneration to take into account recent legislative changes...
14 December 2020
Every financial services firm should be made to comply with the Privacy Act, the Financial Planning Association says in a submission to an issues paper from the Attorney-General’s Department...
14 December 2020
Superannuation trustees have been urged to look into ways to improve outcomes for group insurance members after a new report found wide variations in the design and pricing of default cover...
14 December 2020
Zurich has appointed Darren Wickham as Head of Group Insurance in its Life & Investments’ leadership team...
14 December 2020
Commonwealth Bank of Australia expects to wrap up the sale of its 37.5% stake in Chinese insurer BoCommLife by the end of this month after the deal finally secured regulatory approval in China...
07 December 2020
Banning life commissions will spell “disaster” for the advice industry, which is presently facing a host of other challenges such as increased running costs and extra compliance requirements, a life insurance adviser has warned...
07 December 2020
Financial advisers who provide a claims handling and settling service on behalf of an insurer will need to have a licence for it as part of a Hayne royal commission reform proposal...
07 December 2020
Allegra Financial Services has lost its appeal against a decision by the Australian Securities and Investments Commission to deny the financial planning and advice firm a licence to operate...
07 December 2020
A review of default occupational categories in life cover held through super funds has revealed several areas for improvement, according to the Australian Securities and Investments Commission...
07 December 2020
TAL says incentives encouraging more of its customers to undertake examinations aimed at identifying and reducing the risk of future health conditions has been a success...
30 November 2020
The life insurance industry posted an after-tax net loss of $1.6 billion in the 12 months to September, erasing the $220 million profit it had made a year earlier, new data from the Australian Prudential Regulation Authority shows...
30 November 2020
Zurich has been ordered to assess an income protection claim from 2013 after the Australian Financial Complaints Authority ruled the insurer had wrongly avoided the policy...