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People & Products
Sean West from Macquarie and Justin Delaney from Zurich have been appointed to the board of directors....
People & Products
Jan McClelland has been jointly appointed to chair the Life Code Compliance Committee by the Financial Services Council and the Australian Financial Complaints Authority....
Life/Risk
Life insurers are not yet out of the woods on disability income insurance and should remain under scrutiny by the Australian Prudential Regulation Authority, according to...
Policy & Regulation
The Financial Services Council and the Association of Superannuation Funds of Australia have welcomed the target changes to superannuation and the Government’s long-await...
Financial planning
Cases like Mayfair 101 highlight the need for an update of the term ‘wholesale investor’, according to the Australian Securities and Investments Commission, as it carries...
Financial planning
The Australian Securities and Investments Commission was never really empowered to seriously change the status of ‘general advice’ when Government reviews were on foot....
Life/Risk
Despite rumours suggesting otherwise, the Financial Services Council says receiving the COVID-19 vaccine will not invalidate life insurance policies....
Superannuation
Some of the worst-performing super products have been carved out of the performance test putting consumers at risk of being stapled to a dud fund, according to the Austra...
Financial planning
The major financial planning representative groups have met informally to discuss the direction of policy amid the Australia Securities and Investments Commission’s conti...
Financial planning
The savings identified by the Financial Services Council in its new advice green paper are marginal, at best, according to the chief executive of major licensee, Countplu...
Life/Risk
A focus on legacy products has become one of the biggest barriers to innovation and the industry needs to be prepared to bear the burden of investment in improving those ...
Policy & Regulation
The corporate regulator has asked the industry to better help the regulators better regulate the industry....
Financial planning
A new Financial Services Council green paper has suggested that a moral risk will emerge if self-licensed advisers are allowed to proliferate in the absence of dealer gro...
Superannuation
Superannuation industry associations may be facing significant consolidation as the Government’s new legislation forces to superannuation funds to justify spending member...
Financial planning
The industry needs to simplify the way it presents advice to clients as statements of advice can increase anxiety for consumers and does not build trust, according to a p...
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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...