Two firms lose their licences over breaches
30 November 2020
The Australian Securities and Investments Commission has cancelled the licences of two financial services providers over compliance failures...
Life Insurance
AIA’s Mu joins ANZIIF board
30 November 2020
AIA Australia CEO Damien Mu has joined the board of the Australian and New Zealand Institute of Insurance and Finance...
Kaplan plans new financial planning courses
30 November 2020
Financial services education provider Kaplan is working to introduce new courses covering paraplanning and superannuation...
Super members find insurance process challenging: ASIC
23 November 2020
Superannuation funds have been urged to improve the way they communicate about group insurance with members as new research found one-third say they felt confused, overwhelmed or uncertain after initiating contact about their policies...
Super reforms reveal scale of underinsurance
23 November 2020
The life underinsurance gap in Australia is worse than previously thought, according to new research from Rice Warner...
Zurich Life names executives to boost retail growth
23 November 2020
Zurich Life & Investments has appointed several new executives to further drive retail growth across the Zurich and OnePath brands...
ASIC consults on reference checking plan for advisers
23 November 2020
The Australian Securities and Investments Commission has released a consultation paper over its proposed plan to implement a reference checking and information sharing protocol for financial advisers...
FSC applauds advice on mental health treatment funding
23 November 2020
The Financial Services Council has welcomed a recommendation from the Productivity Commission that life insurers should be permitted to fund mental health treatments for customers holding income protection and total and permanent disability cover on a discretionary basis...
ClearView adopts Munich Re’s cloud solution
23 November 2020
ClearView Wealth has announced it will use a cloud-based underwriting solution developed by a subsidiary of Munich Re Group...
Swiss Re predicts 19% drop in life premium for Oceania region
16 November 2020
Life premiums in real terms are expected to decline 19% in the Oceania region, dragged down by a sharp fall in investment-linked business in Australia, Swiss Re says in its latest Sigma study…
Valid and binding: MetLife told to honour its policy mistake
16 November 2020
MetLife has lost a claim dispute after it accidentally issued incorrect policies and charged the wrong premiums…
‘Repositioned’ FPA sticks to its five-year plan
16 November 2020
The Financial Planning Association has promised to push on with its five-year strategic plan to secure the future of the industry in Australia…
CountPlus ready for ‘new world of adviser remuneration’
16 November 2020
CountPlus has told shareholders the business is in position to thrive in the advice industry despite a number of significant challenges on the horizon, including changes to remuneration models as part of government reforms to move away from grandfathered commissions…
Mutual appoints regional business manager
16 November 2020
PPS Mutual has appointed Jason Milosevski to the role of Senior Business Development Manager in Victoria and Tasmania, reporting to state manager Shadia Kouzma…
FSC plans more changes to life code
09 November 2020
The updated Life Insurance Code of Practice will include additional changes in the form of increased support for vulnerable customers and more protections for claimants, the Financial Services Council says...
TAL outlines mental health issues for industry to consider
09 November 2020
TAL has released a white paper on mental health and the challenges the illness poses to the life insurance industry and community at large...
Adviser body calls out ‘narrow focus’ on clients in draft ethics code
09 November 2020
The draft guide for the Code of Ethics as proposed is “too narrow” by focusing only on clients who seek professional financial advice, The Advisers Association says in a submission...
NZ regulator finalises licence conditions for new advice regime
09 November 2020
The Financial Markets Authority has set out the standard conditions that New Zealand advisers must comply with when the new advice regime comes into effect on March 15 next year...
Mercer CEO appointed as FSC chairman
09 November 2020
The Financial Services Council says its board has elected Mercer Australia CEO and Pacific Zone Leader David Bryant as Chairman...
More trouble ahead for Youpla as ASIC pursues legal action
02 November 2020
Under-fire Youpla Group and its subsidiaries may have more trouble ahead for using allegedly misleading tactics to sell near-worthless funeral insurance policies to the Indigenous community...