Review Highlights Need for Stronger Consumer Protections
Australia’s life insurance industry faces a renewed push to strengthen consumer protections, with the interim findings of an independent review of the Life Insurance Code of Practice highlighting gaps in transparency, customer support, and...
Former Financial Adviser Faces Permanent Ban
ASIC has permanently banned former adviser Aristotle Papapavlou from providing financial services and engaging in credit activities, citing serious misconduct and concerns about future compliance.
In a statement, ASIC said it found Papapavlou engaged in...
AIA Launches Short Form Underwriting for Super Transfers
AIA Australia is streamlining insurance administration for advisers and their clients when moving super into a platform account thanks to its new Insurance Short Form Underwriting initiative.
The firm's Chief Retail Distribution and Advice Officer...
TAL Teams with McCrindle on Insights Index for Advisers
Life insurer TAL has partnered with social research firm McCrindle to launch a new annual study aimed at helping advisers better understand shifting client needs.
The Modern Australia Index will provide insights into the social,...
Sustainability Concerns Drive CSLR Consultation
The Government has released three consultation papers aimed at strengthening consumer protection and trust in the superannuation and financial services sectors.
Assistant Treasurer Daniel Mulino says the collapses of the Shield and First Guardian Master...
Advice Businesses Merge
Edney Ryan Wealth Management, the advice arm of Edney Ryan Group, is merging with Minchin Moore Private Wealth.
Both businesses are based in Sydney and the merged firm, which will have 23 advisers, will operate...
The Overlooked Growth Opportunity in Risk Advice
Australia’s adviser workforce needs rebuilding, and a major opportunity lies in boosting female representation, writes Nga Vu, a Senior Financial Adviser with Lautum Life...
Financial adviser numbers in Australia are in desperate need of revival,...
Affordability and Efficiency Dominate Panel Debate
A panel of risk specialists outlined the competing forces reshaping the country’s life insurance advice sector at Riskinfocus 26 in Melbourne. They pointed to rising client affordability pressures, high delivery costs, and the adoption...
General Advice Gains Traction at Riskinfocus 26
General advice in life insurance is back in focus, with advisers at Riskinfocus 26 pointing to its potential to ease a growing affordability divide, a development drawing much reader interest this week...
The role of...
Adviser Demand for New Disability Products
There appears to be strong support among the adviser community for life insurers to find a way to deliver new product solutions catering to insured lives suffering total disability on an episodic basis.
As we...