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Financial planning
Advisers have an opportunity to educate New Zealanders that life insurance is vital, according to the Financial Services Council of New Zealand....
Financial planning
Financial advisers should not be inadvertently caught up in the Australian Securities and Investments Commission’s tough new life/risk anti-hawking approach just because ...
Life/Risk
The latest Australian Prudential Regulation Authority life insurance data has revealed a negative picture of profitability being badly undermined by disability products....
Financial planning
Women underestimate their life insurance value by 125 per cent ($373,000), while men underestimate it by only 19 per cent ($97,000), on average, according to a study from...
Superannuation
More than 440 AMP superannuation customers have demanded to have their cancelled insurance cover reinstated, while more than 5,000 supposedly ‘inactive’ and low balance c...
Life/Risk
The Association of Financial Advisers has warned that a significant unintended consequence of the Government’s changes to insurance inside superannuation will be an incre...
Policy & Regulation
The Australian Securities and Investments Commission has started a consultation process ahead of a proposal to ban unsolicited telephone sales of direct life insurance....
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
Freedom Insurance Group has announced a belated $33.4 million loss to the Australian Securities Exchange while confirming the exit of its chief executive and the involvem...
Financial planning
While the creation of a deferred sales model (DSM) to regulate the sale of add-on insurance was explicitly recommended by Commissioner Kenneth Hayne the industry is being...
Superannuation
Industry superannuation funds body, the Australian Institute of Superannuation Trustees has described the Government’s reintroduced legislation impacting insurance inside...
Financial planning
Australians are losing $6.5 billion on unnecessary costs such as fees and subscriptions, prompting Rest to encourage them to check their bank and superannuation statement...
Policy & Regulation
Taking a templated approach to financial advice has seen a financial adviser banned from providing financial services by the Australian Securities and Investments Commiss...
Superannuation
As 1 July quickly approaches, consumer interest groups are campaigning hard to remind super fund members with inactive accounts that this is their last week to preserve t...
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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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...