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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....
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...
Funds management
FSC and AIST have released new guidance tools to help super funds meet their regulatory obligations around their operational due diligence. ...
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....
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...
Financial planning
Key insurance group, ClearView has warned a Parliamentary Committee that a push for standardised policy terms being led by the Financial Services Council could amount to ...
Financial planning
New survey data suggests life insurance industry executives fear the Life Insurance Framework will act as a disincentive to university graduates considering becoming life...
Financial planning
The Financial Services Council has come out in support of the Government’s toughened-up corporate misconduct penalties, following the discoveries by the Royal Commission ...
Features
Mike Taylor writes that a combination of circumstances may leave the financial services industry no option other than to embrace open Approved Product Lists....
Financial planning
The Financial Services Council has urged the Productivity Commission to broaden its “very narrow” definition of vertical integration to make its recommendations more appr...
Life/Risk
The Financial Services Council has proposed to form a Genetics and Insurance Advisory Council to address advancements in genetical science and how it should apply to the ...
People & Products
The Financial Services Council has shown its support for AMP’s mental health training by bestowing it with the Innovation in Retail Life Insurance award. ...
Funds management
A new standard for asset managers, which commenced on 1 January, aims to strengthen the foundations of public trust in the industry....
Life/Risk
The Financial Services Council has confirmed to a Parliamentary Committee that it wants life insurers to have the right to unilaterally amend policies provided it does no...
People & Products
The Financial Services Council and the Financial Ombudsman Service have appointed a former ASK risk specialist as chair of the Life Code Compliance Committee....
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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...