Sovereign brand goes as AIA takes over in NZ
03 December 2018
Sovereign will rebrand as AIA following its acquisition by the Asian life insurer earlier this year…
Life Insurance
FMA warns on ‘copy-paste’ adviser
03 December 2018
New Zealand’s Financial Markets Authority has issued a public warning over a financial adviser who copied and pasted client signatures on insurance policy documents…
ASIC cancels Financial Circle licences
03 December 2018
The Australian Securities and Investments Commission has cancelled advice group Financial Circle’s financial and credit licences…
AIA holds workplace mental wellness trial
03 December 2018
AIA is testing a corporate mental health program in partnership with medical technology group Medibio…
Zurich names bancassurance head
03 December 2018
Zurich Financial Services has appointed Kieran Forde as Head of Bancassurance and Direct within the life and investments business…
Tech appointments signal MLC changes
03 December 2018
MLC has appointed a new CIO and several other technology-related appointments as it strengthens its data culture and tech platforms…
Life industry profit takes a dive
26 November 2018
Life insurance industry net profit plummeted more than 24% in the year to September 30, according to latest figures from the Australian Prudential Regulation Authority…
FPA revamps Find a Planner service
26 November 2018
The Financial Planning Association will launch its new Find a Planner service next year, matching consumers with advisers based on their money and life-goal profiles…
AIA NZ calls time on adviser trips
26 November 2018
AIA New Zealand will stop overseas “recognition trips” for financial advisers after next year…
MetLife expands retail sales line-up
26 November 2018
MetLife has strengthened its retail sales team as adviser demand grows for its new small business and families insurance policy…
FPA names new head of charitable foundation
26 November 2018
The Financial Planning Association says Petra Churcher will next month become Chairman of its charitable arm the Future2 Foundation…
FSC consults on FASEA standards
26 November 2018
The Financial Services Council is consulting with members on a standards blueprint and two draft legislative instruments released by the Financial Adviser Standards and Ethics Authority…
Advisers urged to check registration
26 November 2018
Advisers should ensure they are on the Financial Advisers Register before the end of the year, the Australian Securities and Investments Commission has warned…
Regulators hold up Suncorp life sale
19 November 2018
Suncorp says the sale of its Australian life insurance business has been delayed as it awaits regulatory approvals…
Freedom chief quits after brief tenure
19 November 2018
The recently appointed CEO of Freedom Insurance Group has quit the company…
Advisers falling short on client reviews
19 November 2018
Customers are missing chances to adjust their life cover because advisers neglect to hold annual client reviews, MetLife says…
AIA welcomes code update
19 November 2018
AIA is confident the new Life Insurance Code of Practice that was released by the Financial Services Council last week is better aligned to community expectations…
Adviser banned over super theft
19 November 2018
Financial adviser Craig James Wilson has been banned from the industry after he was convicted of stealing clients’ superannuation funds…
Clarification
19 November 2018
In last week’s insuranceNEWS.com.au we covered an S&P Global report stating that nine out of 10 Australian life insurers will be foreign-owned by next year…
FSC consults on new code of practice
12 November 2018
The Financial Services Council has released its overhauled Life Insurance Code of Practice for public consultation…