INSURANCE

Financial planning

Suncorp has reported a 23.7% drop in group net profit after tax during the first half of 2021 despite higher cash earnings. ...

Financial planning

Financial advisers should not be unnecessarily entangled by the Government’s new insurance claims handling legislative framework just because they are taking on a new cli...

Life/Risk

Suncorp has denied the existence of entrenched problems with respect to its total and permanent disability insurance offering but has nonetheless initiated a comprehensiv...

Policy & Regulation

Financial advisers and authorised representatives looking to provide claims handling services for insurance products will be able to represent more than one Australian fi...

Life/Risk

Commonwealth Bank has announced its divestment of 37.5% equity interest in BoCommLife to MS&AD Insurance Group Holdings has been approved by the China Banking and Insuran...

Life/Risk

Westpac has announced it will sell its General Insurance and General Insurance Services to Allianz for $725 million and has entered into an exclusive 20-year distribution...

Life/Risk

In yet another sign of the challenging times confronting the life insurance industry in Australia, Hannover Life Re has announced it is exiting the direct group market to...

Life/Risk

St Andrew’s insurance is set to become an independent player in the Australian market after being sold by the Bank of Queensland to investment player, Farmcove Investment...

Life/Risk

A workplace communications issue has seen the abrupt departure of QBE chief executive, Pat Regan. ...

Life/Risk

Some members would see an increase in premiums with an average increase of 30% while others would have significant reductions....

Life/Risk

Fears of infection have seen a higher proportion of Australian high net worth investors seeking to buy life insurance cover, according to newly-released data....

Life/Risk

Fewer claims would need to be paid if insurers were to only pay medical bills of sick workers, according to Maurice Blackburn Lawyers. ...

Superannuation

Seven super funds have been classifying new members as ‘smokers’ by default and over 5,000 members will receive $3.6 million in compensation....

Life/Risk

The FSC has announced the extension of the frontline healthcare workers and total permanent disability claims initiatives until 1 January, 2021. ...

Financial planning

Despite much of the job market struggling due to the COVID-19 pandemic, financial and insurance services have seen a boost in openings in June. ...

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

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 1 week 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....

4 days 5 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 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks 1 day ago