FSC

Life/Risk

The Financial Services Council has welcomed a regulator’s positive review on the role of the FSC Life Insurance Code of Practice in the sale of direct life insurance, whi...

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Financial planning

The Financial Services Council has backed the Australian Securities and Investments Commission’s external report of RG97. ...

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Policy & Regulation

The Kiwi regulator’s thematic review on replacement business practices in the insurance industry has a number of important findings for the sector, according to the Finan...

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Life/Risk

The Australian Securities and Investments Commission has urged giving consumers the right to take legal action against insurers who breach the Financial Services Council’...

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Policy & Regulation

AFRM Claims Advocacy has called on a Parliamentary Joint Committee to recognise the Financial Services Council’s call to allow insurers to provide early intervention supp...

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Superannuation

The key superannuation and financial services stakeholders were neither informed nor consulted about the Government’s proposed one-year amnesty on employer superannuation...

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Life/Risk

The Financial Services Council has backed calls for life insurer involvement in injured worker rehabilitation with new research....

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Financial planning

Questions are being asked around why the financial planning community is being blamed when the Government has done little about legacy products in nearly two decades....

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Life/Risk

There would need to be an alignment of the various state and territory workers’ compensation jurisdictions to enable life insurers to participate in getting injured worke...

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Financial planning

The Financial Services Council has welcomed the launch of negotiations with the Council of the European Union to create an Australia-EU free trade agreement....

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Life/Risk

The Australian Workers Union has alleged ulterior motives in a Financial Services Council call to allow the big life insurers to get injured workers back to work sooner....

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Life/Risk

Key consumer groups Choice, the Financial Rights Legal Centre and the Consumer Action Law Centre have rejected Financial Services Council proposals to allow life insurers...

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Funds management

FSC and AIST have released new guidance tools to help super funds meet their regulatory obligations around their operational due diligence. ...

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Life/Risk

Plaintiff law firm Maurice Blackburn has accused the major life insurers of having ulterior motives for wanting to rehabilitate workers and get them back to work sooner....

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Superannuation

The Government has received a negative financial services industry response to its move to make insurance inside superannuation “opt-in” for those aged under 25 and those...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months ago

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

4 months 1 week ago

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

6 months 1 week ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

2 days 8 hours ago

Prime Minister Anthony Albanese has confirmed who will succeed Stephen Jones to serve as the Assistant Treasurer and Financial Services Minister. ...

3 weeks 5 days ago

The corporate regulator has cancelled the AFSL of a Queensland-based financial services provider, having held the licence since mid-2016....

3 weeks 4 days ago