LIFE/RISK

INDUSTRY NEWS

The Australian Securities and Investments Commission has secured $102 million for customers who could have been mis-sold policies by Freedom Insurance....

INDUSTRY NEWS

The Quality of Advice Review should make affordable advice a priority or risk advice being accessible only by wealthy Australians, according to MLC Life....

INDUSTRY NEWS

Westpac has completed the sale of Westpac Life Insurance Services Limited to TAL but expected to report a total after tax loss on sale of $1.37 billion....

INDUSTRY NEWS

New business for disability income insurance has grown 2.5% after reaching a 10-year low last year while the attrition rate has grown for the first time in nine years....

INDUSTRY NEWS

The Australian life insurance industry has announced the formation of a dedicated life insurance industry peak body that will launch later this year....

INDUSTRY NEWS

The Financial Services Council has issued a new Life Insurance Code of Practice for life insurers, introducing 50 additional consumer protections....

INDUSTRY NEWS

Commission should continue to be offered on insurance advice, according to The Advisers Association, and current commission rates are too low which was causing advisers t...

INDUSTRY NEWS

Further changes to life insurance commission caps could see up to 87% of financial advisers stop providing standalone risk insurance advice, according to ClearView resear...

INDUSTRY NEWS

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...

INDUSTRY NEWS

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....

INDUSTRY NEWS

COVID-19 lockdowns and disruptions in advice distribution channels have led to the continued decrease of new business in the risk market, according to DEXX&R....

INDUSTRY NEWS

The enforceable standard will remove 87% of all occupational exclusions and occupation based restrictive disability definitions that currently exist in the industry by 1 ...

 

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Chris Cornish

By having trustees supervise client directed payments from their pension funds, Stephen Jones and the federal Labor gove...

2 days ago
Chris Cornish

Now we now the size of Stephen Jones' CSOLR tax, I doubt anyone will be employer any new financial adviser from this poi...

2 days ago
JOHN GILLIES

Amazing ! Between the beginning of licencing Feb 2002 and 2008 this was a very good stable industry.Then the do-gooders...

2 days 20 hours ago

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

10 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. ...

10 months ago

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

10 months 2 weeks ago