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FSC
Life/Risk
The Australian Securities and Investments Commission has urged giving consumers the right to take legal action against insurers who breach the Financial Services Council’...
Policy & Regulation
AFRM Claims Advocacy has called on a Parliamentary Joint Committee to recognise the Financial Services Council’s call to allow insurers to provide early intervention supp...
Superannuation
The key superannuation and financial services stakeholders were neither informed nor consulted about the Government’s proposed one-year amnesty on employer superannuation...
Life/Risk
The Financial Services Council has backed calls for life insurer involvement in injured worker rehabilitation with new research....
Financial planning
Questions are being asked around why the financial planning community is being blamed when the Government has done little about legacy products in nearly two decades....
Life/Risk
There would need to be an alignment of the various state and territory workers’ compensation jurisdictions to enable life insurers to participate in getting injured worke...
Financial planning
The Financial Services Council has welcomed the launch of negotiations with the Council of the European Union to create an Australia-EU free trade agreement....
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 ...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...