CODE OF PRACTICE

Financial planning

The Financial Services Council will treat bushfire victims making claims as vulnerable customers requiring addition support under the FSC Life Insurance Code of Practice....

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Life/Risk

ASIC will likely require some insurance code of practice provisions are strengthened before it approves the code, and these requirements may extend to other industry bodi...

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Life/Risk

Life risk industry veteran, Michael Molesworth, has warned that underwriters and claims assessors need to be subject to more stringent education requirements or risk comm...

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Financial planning

The Banking Code of Practice does not need to be extended to banks, unions and societies that aren’t ABA members, says the Customer Owned Banking Association. ...

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Policy & Regulation

The new Banking Code of Practice should be adopted across the entire industry, including credit unions, building societies and other lenders, according to the Australian ...

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Superannuation

The lack of enforceability around the insurance inside superannuation Code of Practice has resulted in it getting a muted and highly qualified welcome in many superannuat...

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Life/Risk

The Life Insurance Code of Practice falls short of reasonable community expectations about how insurers should behave, an insurance lawyer believes....

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Tools & guides

In part one of a two-part article, Col Fullagar will consider an alternative way to achieve Trowbridge's suggested reforms for life insurance companies, and in so doing s...

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Financial planning

The FSC’s new Life Insurance Code of Practice faced a delay of three months from its 1 July deadline after it identified areas requiring improvement following industry co...

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MARKET INSIGHTS

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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