INSURANCE

Financial planning

The latest Sensis Business Index showed small and medium businesses in the finance and insurance sector remain confident despite overall confidence decline....

Life/Risk

Centrepoint Alliance has signed deals with two major banks to boost the finance facility for its insurance premium funding business claiming it can offer better terms und...

Policy & Regulation

The disallowance of the Future of Financial Advice amendments may hurt consumers who will not be able to access scaled advice and may be forced to change to less suitable...

Life/Risk

Cheap group insurance cover has been used by industry funds to partially erode the client base of financial advisers while shoring up their own member base....

Life/Risk

SMEs will be able to obtain group life cover from MetLife Insurance Ltd that was previously sold through superannuation funds as part of its partnership with insurance br...

Life/Risk

An analysis of the ASIC review of life insurance and advice has pointed to the underlying complexities and the absence of any quick fixes. ...

Financial planning

An ASIC review of general insurance sales has revealed that PDSs are falling short and that insurers are seeking to steer clear of personal advice....

Life/Risk

Suncorp has finished remediating its life and general insurance businesses after breaches that saw the insurer pay back $23 million to customers. ...

Life/Risk

Rice Warner says upfront life commissions can be justified where advisers have done the hard yards on initial advice....

Life/Risk

The number of PI insurance providers is likely to grow but planners have been warned that not every service they provide will be covered....

Life/Risk

Excessive complexity and poor disclosure are the biggest barriers to individuals getting advice on whether they are paying too much for insurance, a head of research said...

Life/Risk

The corporate regulator is not seeking any changes to PI insurance requirements for advisers stating that ‘tinkering’ would not deal with problems related to claims or di...

Superannuation

Dimitri Diamantes canvasses how the Government should approach buy-sell in super and how the industry may respond....

Life/Risk

Legacy IT issues are seeing long-established insurers lose their competitive advantage to new players in the insurance space....

Life/Risk

New research suggests recent surges in group life premiums have ceded an advantage to individually advised products....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

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

5 months ago

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

7 months 1 week 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...

1 week 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. ...

3 weeks 1 day ago

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

2 days 18 hours ago