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Life/Risk
Income protection complaints accounted for the most complaints in regards to life insurance during FY2020-21, especially when it came to the calculation of benefits for b...
Superannuation
Investment has to be front and centre in these merger discussions whether to establish if it’s the best outcome for members – rather than fees – according to Frontier....
Superannuation
As the Government grapples with the superannuation industry having too much control over capital, its push for super mergers is having the unintended consequence of furth...
Financial planning
The prudential regulator has been questioned on whether its superannuation Your Future, Your Super test pass/fail result was enough to help funds improve. ...
People & Products
Former Macquarie Group chief executive Nicholas Moore will be chair of the authority that will oversee the corporate and prudential regulators....
Policy & Regulation
The regulator has outlined the purpose, design and scope of its climate vulnerability assessment to help regulated entities, including the largest banks, understand and m...
Superannuation
The prudential regulator is open to improving the system, particularly as it expects to include Choice products next year, but it wants to keep it simple for consumers....
Superannuation
The prudential regulator has released its performance test results but an industry association has urged consumers to treat the results with “extreme caution”....
Policy & Regulation
The remuneration standard comes into effect at the start of 2023 and aims to create more balanced incentive structures for the superannuation, insurance, and banking indu...
Life/Risk
While investment market performance boosted the industry’s financial performance to $1 billion in FY21, individual disability income insurance continued to report losses....
Superannuation
The Your Future, Your Super performance test will only disclose to superannuation funds whether they had passed or failed and would not give any value indications. ...
Life/Risk
New business premiums for individual disability income insurance will drop 15% due to the prudential regulator’s product intervention measures, according to DEXX&R projec...
Superannuation
The corporate watchdog will be checking communications from responsible superannuation entities to beneficiaries of MySuper funds that fail the Your Future, Your Super pe...
Financial planning
Trustees should come up with an approach that allows them to have necessary comfort that the quality of advice that is provided to members is as it should be, according t...
Superannuation
The superannuation fund has said it would hand over its members’ first names and emails to the publication if an arrangement were to go ahead. ...
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...