FSC invests in data reforms
30 July 2018
The Financial Services Council has established a project to improve the life insurance industry’s collection and analysis of aggregate data and design more efficient products…
Life Insurance
ASIC to step up super scrutiny
30 July 2018
Superannuation funds can expect greater scrutiny from the Australian Securities and Investments Commission as it works to rebuild consumer trust in the financial system…
AMP allocates compo, compliance funds
30 July 2018
AMP has set aside $290 million for compensation to customers affected by poor financial advice over the past decade…
BT cuts pricing on investment platform
30 July 2018
BT has made significant fee cuts to its investment platforms under a push to address legacy payments and potentially conflicted remuneration…
FPA urges clients to report misconduct
30 July 2018
The Financial Planning Association has condemned ethics breaches featured in an ABC report on AMP, and has urged people to complain if they suspect adviser misconduct…
Rice Warner flags opt-in reforms pitfalls
30 July 2018
Rice Warner has urged the Government to reconsider making insurance in superannuation an opt-in product for active members with less than $6000 in their accounts…
FPA welcomes education standards consultation
30 July 2018
The Financial Planning Association has welcomed the release of consultation papers on minimum education standards for advisers…
Centrepoint fills regional growth role
30 July 2018
Centrepoint Alliance has appointed Jason Tattershall as a second Growth Manager…
PPS Mutual names NSW manager
30 July 2018
Specialist insurer PPS Mutual has appointed Sabrina Sequeira-Walmsley as NSW State Manager…
Consumer advocates demand action on funeral insurance
23 July 2018
Consumer groups say a stronger regulatory framework is needed around funeral insurance to prevent inappropriate sales…
Rowell renews premium warning over opt-in reform
23 July 2018
The Australian Prudential Regulation Authority has again warned the Senate committee considering group insurance opt-in that the proposals are likely to lift premiums…
NZ regulator warns on replacement policy risks
23 July 2018
Replacement life insurance policies mostly compromise policyholders’ best interests, a review by New Zealand’s Financial Markets Authority (FMA) has found…
Ex-Perpetual chief to lead MLC
23 July 2018
NAB has appointed Geoff Lloyd as CEO of its MLC wealth management business, which it plans to divest by the end of next year…
MetLife poaches TAL manager for COO role
23 July 2018
MetLife Australia has appointed David Campbell as COO, effective from September 17…
HSBC axes advice operation
23 July 2018
HSBC is shutting its financial advice division following a strategic review…
Appeals tribunal cuts adviser’s ban
23 July 2018
Tasmanian adviser Troy Williams will serve a six-year ban after the Administrative Appeals Tribunal overturned a permanent exclusion from providing financial services…
Pacific Life Re shakes up growing client strategy team
23 July 2018
Pacific Life Re has made two appointments in its client strategy and solutions team…
Opt-in reform promotes underinsurance: AFA
16 July 2018
The Association of Financial Advisers has criticised proposed opt-in arrangements for life cover in superannuation…
Heavyweights join opposition to opt-in proposal
16 July 2018
Industry opposition to opt-in insurance in superannuation is growing, with TAL Life, Munich Re, MetLife and RGA Reinsurance making submissions to the Government…
APRA backs industry over super concerns
16 July 2018
The Australian Prudential Regulatory Authority has echoed industry concerns that opt-in cover in superannuation will have a material effect on group life insurers…