Insurance & Property Investment News Australia

Federal Treasurer, Scott Morrison has cited cracking down on ‘dodgy advice’ in his broader justification for cracking down on the big banks.

Industry news

Life commission cap changes threat to advice businesses

Over half of financial advisers say additional caps or the end of life insurance commissions are their greatest

22 November

Industry news

Compliance and regulatory landscape burden risk advice growth

Fewer financial planners consider client-related challenges to be significant when it comes to growing insurance

20 November

The Australian Securities and Investments Commission is pointing to a final figure of $200 million being returned to consumers from its ‘fee for no service’ remediation project.

Industry news

CommInsure pleads guilty to 87 hawking offences

CommInsure will refund $12 million for unfair life insurance telephone sales to around 30,000 customers.

19 November

Industry news

AMP Life acquirer raises $3 billion in capital

Resolution Life, the company which is acquiring AMP Life, has gone to the market and raised US$3 billion ahead of

19 November

Industry news

PYS changes already impacting claims

Five terminal illness claims and two death claims have already been turned away by Hostplus for members unaware of

15 November

Industry news

Advised insurance pays off at claim time

The Australian Prudential Regulation Authority has produced data confirming the value of life/risk advisers at

14 November

Capstone Financial Planning has advised that it is not related to Capstone Capital after the corporate regulator cancelled Capstone Capital’s AFSL.

Industry news

TAL delineates its individual and group lines

TAL has announced the key changes around its two business lines: individual life and group life and investments.

12 November

Industry news

AIA's CommInsure acquisition changes shape

AIA and the Commonwealth Bank have translated the CommInsure acquisition into a 25-year distribution arrangement.

1 November

The board of Hunter Hall has unanimously backed the Pengana merger transaction in a Second Supplementary Target’s Statement to the ASX.

Industry news

Life/risk focused group see potential for growth

Newly-merged MBS Insurance and Complete Risk Analysis see potential for growth in the life/risk space despite the

30 October

Industry news

Life insurance APLs need to be banned

Using life insurance APLs at institutionally-aligned advice licensees has the potential to breach best interests

23 October

Industry news

Significant design and claims handling issues in TPD found

ASIC has found that 60% of ‘activities of daily living’ claims are declined and AMP, Asteron, and Westpac had

17 October

ASIC has signalled the possibility that higher education standards for planners may also extend to RG 146.

Industry news

Life insurance professional standards framework to be established

ANZIIF and LIPSWG have agreed to create a professional standards framework for the life insurance industry in a

10 October

financial markets

Market Insights

EVENTS

Jul15

Retirement Income Webinar 2020

Jul30

Fund Manager of the Year Awards 2020

Aug12

Practice Management Webinar 2020

Retired CFP

“All AMP's problems stemmed from head office, which De Ferrari now heads up, not the...

De Ferrari told blame yourself, not AMP planners6 hours 59 min ago

Scott Douglas

The ISA and super Funds like REST whining about not being able to withhold people's hard-...

ISA claims hundreds of thousands have wiped out their retirement balances 7 hours 7 min ago

Agent 86

Ok, time to set the record straight.
When FirstChoice Employer Super members were...

APRA imposes best interests licence condition on CFSIL 7 hours 24 min ago

Life/Risk

Life commission cap changes threat to advice businesses

Compliance and regulatory landscape burden risk advice growth

CommInsure pleads guilty to 87 hawking offences

AMP Life acquirer raises $3 billion in capital

PYS changes already impacting claims

Advised insurance pays off at claim time

TAL delineates its individual and group lines

AIA's CommInsure acquisition changes shape

Life/risk focused group see potential for growth

Life insurance APLs need to be banned

Significant design and claims handling issues in TPD found

Life insurance professional standards framework to be established

Retired CFP

Scott Douglas

Agent 86

Other fe fundinfo sites

Education

News

Features

Events

Life/Risk

Equities

Fixed Income

Managed Accounts

Retired CFP

Scott Douglas

Agent 86