Celebrity planner charged with faking credentials
15 June 2020
Former financial planner Sam Henderson has been charged in a Sydney court for allegedly lying to clients that he holds a Master of Commerce degree...
Life Insurance
NZ advisers want 'serious flaws' in conduct bill addressed
15 June 2020
A bill intended to ensure financial institutions comply with a principle of fair conduct has "serious flaws" that needs to be addressed before it becomes law, Financial Advice New Zealand has warned...
More duress for life industry as pandemic hands fresh blow
01 June 2020
The life industry made an after-tax net loss of $1 billion in the March quarter, as the pandemic dealt a fresh blow to the struggling sector, according to a regular Australian Prudential Regulation Authority update...
FPA charts out five-year roadmap
01 June 2020
The Financial Planning Association has outlined its priorities for the next five years, with plans to step up its focus on members, advocacy and consumers...
Insurance adviser banned after prioritising commissions
01 June 2020
A Spectrum Wealth Advisers representative whose insurance recommendations were based on the size of the cut he would receive rather than the needs of his clients, has been banned from providing financial services for five years...
Fidelity CEO departs
01 June 2020
New Zealand insurer Fidelity Life is searching for a new CEO following the resignation of Nadine Tereora, who left last week after more than three years with the business...
TAL expands wellbeing, career support to address COVID-19
01 June 2020
TAL is expanding its wellbeing and career coaching services for customers who have had a change in employment or other circumstances due to COVID-19...
MetLife buys 186,000 dinners for Australians
01 June 2020
MetLife is offering support to charity Foodbank Australia which it says will see more than 186,000 meals - equal to over 100,000 kilograms of food - reach Australians in need by summer next year...
Life insurers ease rules for TPD claims during virus crisis
25 May 2020
The life industry has announced a temporary measure to support total and permanent disability policyholders who have lost their jobs or are working less hours during this coronavirus outbreak...
Pandemic 'will minimalise life offerings'
25 May 2020
Life insurance products in the post-pandemic landscape will offer "very minimal benefits and features," Centrepoint Alliance says, giving customers a chance to decide what they want in their policies...
Government to ban stamping fees
25 May 2020
The Federal Government has announced it would ban the payment of stamping fees in relation to listed investment companies and trusts, following a Treasury consultation on the matter...
Permanent CGT relief measure gives certainty to super funds: FSC
25 May 2020
The Financial Services Council has welcomed the passage last week of the Treasury Laws Amendment Bill, which gives merging superannuation funds permanent capital gains tax relief...
IOOF class action settled without payout
25 May 2020
Financial services group IOOF announced today a class action filed against it alleging breach of duties as superannuation trustees has been "discontinued, with no order as to costs"...
Advisers frustrated over FASEA extension delays
18 May 2020
A Treasury Laws Amendment Bill that was expected to have passed last week, giving financial advisers a one-year extension to complete a new exam requirement, has been delayed to June 10 when parliament resumes...
FPA seeks flexibility on delayed Hayne timeline
18 May 2020
The Financial Planning Association says the Federal Government should be open to further timeline changes for proposed Hayne royal commission reforms as advisers’ attention is focussed on assisting clients and the broader community during the pandemic crisis...
Life insurers step up to help customers during pandemic
18 May 2020
Life insurers have responded to an appeal by financial advice group Synchron for the industry to offer support for customers who have been financially hit by the virus-triggered economic slump...
Insurer "unfair" to deny payout to man cleared of cancer
18 May 2020
A man who had a tumour believed to be malignant removed but discovered after the surgery he did not have cancer has won a dispute over a payout under his policy with life insurer OnePath...
CBA clears final hurdle to sell Indonesian life business
18 May 2020
Commonwealth Bank expects to complete the $426 million sale of its Indonesian life business next month to Hong Kong-based FWD Group after gaining final regulatory approval...
Advisers welcome Hayne reforms delay
11 May 2020
Financial advisers have welcomed the Federal Government’s decision to defer implementation of Hayne royal commission reforms by six months, calling it a "sensible" move in light of economy-wide disruptions created by the virus outbreak...
AMP on course to wrap up life arm sale next month
11 May 2020
AMP will complete the sale of its life business to Resolution Life as planned on June 30, Chairman David Murray said on Friday in his AGM address to shareholders...