INSURERS

Funds management

Fidelity is betting on gains for insurance firms in its Australian equity portfolios, at the expense of the big four banks. ...

Life/Risk

The Financial Services Council has issued a new Life Insurance Code of Practice for life insurers, introducing 50 additional consumer protections....

Life/Risk

Allowing life insurers to fund mental health treatment is not the solution to Australia’s mental health crisis, according to law firm Slater & Gordon....

Life/Risk

Amid suggestions by the Australian Financial Complaints Authority that the Activities of Daily Living regime is “very tough”, the major insurers have flagged key changes ...

Funds management

Dividends in the financial sector could be cut by 41% this year, according to UBS, with total ASX 200 dividends expected to fall by $21.7 billion....

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...

Funds management

Industry funds-owned IFM Investors has maintained its relative silence on how it remunerates its executives, arguing that a key parliamentary committee is seeking more in...

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....

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...

Policy & Regulation

The Australian Prudential Regulation Authority will be imposing a climate change stress test on banks, insurers and superannuation funds....

Life/Risk

Legislation surrounding the regulation of claims handling may have insurers and related parties look to fall under a single Australian Financial Services License to ease ...

Financial planning

The Australian financial services sector must address six critical challenges in order to navigate risks and opportunities, according to the Australian Sustainable Financ...

Superannuation

The commencement date for switching off insurance inside super for low balance accounts should be deferred to 1 October, this year, according to a leading superannuation ...

Life/Risk

The Financial Planning Association has given its backing to the standardisation of terms and definitions with respect to insurance with MySuper products but has caused ag...

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MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 2 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 3 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

3 weeks 4 days ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

1 week 6 days ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

1 week 4 days ago
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