New Brand Name for Mr. Insurance
Well-known Queensland adviser, PJ Byrne, has rebranded his Mr. Insurance advice business to Navita, stating the new name reflects the firm's evolution into a specialist life insurance advice practice.
He said the firm, which was...
AFCA Rejects Recovery of IP Payments
AFCA has ruled that AIG Australia is not entitled to recover more than $31,000 in income protection benefits paid to a claimant, finding the insurer did not establish a proper basis to seek repayment.
In...
Life Code Committee Warns on Declined Cover Communication
Life insurers have been reminded of their obligations when notifying applicants that cover has been declined.
The Life Code Compliance Committee issued the reminder following a "significant breach" involving hundreds of life policy applicants by...
CALI Renews Call for Simple Advice on Insurance in Super
CALI has again renewed its call for life insurers to provide simple advice about their own products to consumers.
The announcement follows last year's publication of its State of Australia's Safety Net 2025 Report, which...
MDRT Names New Australian Chair
Business & Personal Insurance Specialist Paul Milbourne, MDRT's current Victorian State Chair, has been appointed as the organisation's Australia Country Chair, effective 1 September.
The appointment, which has a term of two years, follows the...
AIA Partners with Cancer Council Victoria on New Screening Tool
AIA Australia and Cancer Council Victoria are developing a digital cancer screening tool that will be made available to AIA customers in the coming months to help identify which of Australia's national cancer screening...
Advice Profession’s Future Hinges on Trust, AMAFA Says
Financial advisers will need to focus on professionalism, leadership and client trust as artificial intelligence, regulatory change and adviser shortages reshape the profession, AMAFA Managing Director Keith Marshall says.
Addressing the organisation’s national conference in...
Adviser Numbers Top 15,050
The financial adviser workforce continued its positive start to the new financial year, with numbers rising by a net 27 during the week to 16 July, according to ASIC data shared by Padua Wealth...
Life Insurers Welcome New Regulatory Expectations
CALI, the peak industry body representing Australia’s life insurance companies, has welcomed the Federal Government's new Statements of Expectations for APRA and ASIC saying they strike an appropriate balance between consumer protection and economic...
FAAA Warns Adviser Levies Could Top $5,000
Our report on the FAAA's warning that adviser CSLR fees could reach $5,000 a year generated plenty of reader interest this week…
The FAAA says financial advisers could face higher Government levies this financial following...