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FSC
Policy & Regulation
The Financial Services Council has called on financial institutions to improve their response time to incidents, saying that action was urgently needed if they were going...
Life/Risk
The Royal Commission has raised the issue of the enforceability of the life insurance code of practice, with the Financial Services Council facing tough questions on whet...
Life/Risk
Financial Services Council chief executive, Sally Loane, has admitted to the Royal Commission that insurers effectively pay for their products to be sold by advisers....
Life/Risk
Financial Services Council chief executive Sally Loane has told the Royal Commission that direct sales of life policies via outbound “cold calls” is viewed as unlawful by...
Superannuation
The Federal Opposition has earned the widespread backing of the financial services industry for its proposed changes to superannuation policy aimed at improving women’s r...
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...
Financial planning
The Financial Services Council has backed the Australian Securities and Investments Commission’s external report of RG97. ...
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...
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’...
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...
Superannuation
The key superannuation and financial services stakeholders were neither informed nor consulted about the Government’s proposed one-year amnesty on employer superannuation...
Life/Risk
The Financial Services Council has backed calls for life insurer involvement in injured worker rehabilitation with new research....
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....
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...
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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MARKET INSIGHTS
Podcast
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...