CONSUMER CREDIT INSURANCE

Funds management

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

Policy & Regulation

The Australian Financial Complaints Authority has called for a radical escalation of the proposed prohibition on unsolicited telephone sales, urging a ban on all unsolici...

Financial planning

While the creation of a deferred sales model (DSM) to regulate the sale of add-on insurance was explicitly recommended by Commissioner Kenneth Hayne the industry is being...

Policy & Regulation

Commonwealth Bank chief executive, Matt Comyn has questioned the quality of some of the bank’s previous senior executives, suggesting some had not represented appropriate...

Life/Risk

The Financial Services Council wants to extend its insurance code of conduct to “all life insurance distributors”....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

5 days 6 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 6 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

1 week 3 days ago