INSURANCE

People & Products

The health and wellbeing specialist bolstered its investment into financial advice with a newly formed managerial team in its Retail Distribution business....

People & Products

The Council of Australian Life Insurers had completed its board make-up with nine representatives from the industry including seven chief executives....

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Life/Risk

The Financial Services Council has commenced operation of an enforceable standard for handling group life insurance claims in superannuation....

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Financial planning

Based on enrolments in its industry-aligned courses, TAL Risk Academy has revealed the most commonly-sought areas of help for advisers in the last year....

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Funds management

Criminal proceedings against CBA regarding sales of consumer credit insurance have been dismissed by the Federal Court due to a statute bar....

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Financial planning

Insurers are being reminded to prepare homeowners for the third consecutive La Nina weather pattern to hit Eastern Australia as the combined insurance bill from the previ...

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Financial planning

It is up to the financial advice industry to educate consumers on the value of financial advice and the help they can provide, particularly during times of insurance clai...

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People & Products

Resolution Life Australasia has appointed Tim Tez as chief executive, effective February 2023, replacing Megan Beer who will relocate to London in 2023 to become the chie...

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Financial planning

In a bid to achieve a cheaper professional indemnity insurance, some licensees are opting for policies with high deductibles which may leave them unable to compensate con...

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Financial planning

The Australian financial advice industry needs to demonstrate to overseas insurers that it has improved as firms are expressing concern about insuring advisers or large d...

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Financial planning

Possible insurance changes as a result of superannuation fund mergers should be a talking point for advisers to demonstrate their value when it comes to insurance advice....

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Financial planning

NEOS and MLC Life Insurance have released their Encompass Protection retail life insurance offering designed in response to the increasing cost of providing risk advice....

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Life/Risk

The Financial Services Council has urged Australians who have lost their life insurance policies due to recent flooding to utilise the FSC’s services to help them find ou...

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Life/Risk

Claims to the Insurance Council of Australia have reached almost 31,000 in a single day in relation to the flood emergency in Queensland and New South Wales....

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Financial planning

The organisation believes a review into professional indemnity insurance is crucial before a compensation scheme of last resort can be filed, in order to identify sources...

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 1 day ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago