INSURANCE
Life/Risk
It appears the timing of the Government’s changes to insurance inside superannuation could not have come at a worse time....
Financial planning
Confronted by almost record levels of inquiries to call centres, superannuation fund executives have again canvassed extending the scope of intra-fund advice. ...
People & Products
Ben Walsh, current chief executive for Mercer in Australia and New Zealand, will start in the new role on 1 June, 2020. ...
Financial planning
AMP has signalled its preparedness to help advisers and clients through the COVID-19 crisis including insurance premium suspensions in some circumstances. ...
Life/Risk
Fitch Ratings has announced its first-time ‘BBB’ rating for ClearView Wealth to reflect its poor recovery prospects in the event of a default. ...
Life/Risk
Research from Zurich/OnePath has found websites and smart applications have been welcomed by life insurance members for engagement, and AI has helped further break down d...
Financial planning
The Financial Planning Association wants the Government to commission the Australian Securities and Investments Commission to monitor the escalating costs of practicing a...
Life/Risk
Plaintiff law firm Maurice Blackburn says the major life insurers have been shown to have been persistently ignoring their own code of conduct by a report from the Life C...
Life/Risk
Failure to address weaknesses in governance and culture could result in major financial losses, according to Finity. ...
Policy & Regulation
A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....
Financial planning
The Australian Securities and Investments Commission had staff on-site at the major banks and AMP for 216 days during October 2018 and December 2019....
Life/Risk
Almost one-third of a survey’s respondents said life insurance products confused them and 65% of people without the product would rely on savings if they contracted a maj...
Life/Risk
Those who seek their own coverage cannot assume they will end up with a product in their best interests, according to a law firm....
Financial planning
The course would help financial advisers support clients impacted by natural disasters....
Life/Risk
The conditions attaching to some total and permanent disability insurance products sold inside superannuation made them tantamount to junk, according to consumer group, C...
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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...