Treasury consults on last resort scheme funding
04 August 2025
Federal Treasury has launched a consultation on ways to address a funding shortfall in the Compensation Scheme of Last Resort...
Life Insurance
TAL secures stake in Challenger
04 August 2025
TAL has become a minority shareholder in Australian wealth group Challenger...
Research shows young Australians falling into advice gap
28 July 2025
The Council of Australian Life Insurers warns most young people are missing out on financial advice, despite growing demand...
Fund misled members on exclusions
28 July 2025
A mutual fund that said it was “clarifying” a list of excluded medical conditions misled members, the complaints authority says...
FSC consults on licence regime
28 July 2025
The Financial Services Council is seeking feedback on ways to improve the advice licensing framework...
Acenda names CFO, risk chief under Resolution move
28 July 2025
Acenda Group has appointed Yvonne Le Bas and Karen Malzard as CFO and chief risk officer respectively...
AIA names new risk leader
28 July 2025
Susan Looi has joined AIA Australia as chief risk officer, bringing 25 years’ experience in financial services to the role...
PPS expands Victorian presence
28 July 2025
PPS Mutual has appointed Merle Kahn as business development manager for Victoria, as part of a national expansion...
Consumer advocate seeks ‘root and branch’ review of group cover
21 July 2025
Super Consumers Australia has called for an inquiry into group insurance amid a rise in mental health claims...
Market at ‘pivotal juncture’ as challenges mount
21 July 2025
Demographic shifts and economic forces are reshaping the Australian life industry, presenting opportunities for insurers, according to GlobalData...
Payment cut-off with no warning unfair, AFCA finds
21 July 2025
Life insurers have been reminded to give customers a chance to respond before cutting off their benefits...
Industry trio partner on retirement solution
21 July 2025
Insignia Financial brand MLC has partnered with TAL and wealth group Challenger to establish a “centre of excellence” for its Retirement Boost product...
PPS fills WA business development role
21 July 2025
PPS Mutual has appointed Karena Cox as business development manager for its WA operations...
Industry ‘rethinks’ offering as mental health claims soar
14 July 2025
The Council of Australian Life Insurers warns the industry is being “pushed to the limits” amid a sharp rise in the number of people leaving work due to mental health conditions...
Claims compliance among code monitor focus areas
14 July 2025
The Life Code Compliance Committee has outlined three key priorities in its 2025-26 work plan...
Australian premium tipped to grow 1.7%
14 July 2025
Life premium growth in Australia and other advanced Asia-Pacific economies is expected to hit 0.4% this year and 1.1% next year, according to Swiss Re...
Ex-Zurich Australia CEO joins St Andrew’s board
14 July 2025
St Andrew’s Insurance Group has appointed former Zurich executive Colin Morgan as a non-executive director...
Zurich wins ‘preferred insurer’ race for group contract
14 July 2025
Zurich will provide group insurance to Australian Retirement Trust customers with Super Savings accounts...
Profession renews warning on compensation scheme costs
07 July 2025
The personal financial advice sector’s share of the Compensation Scheme of Last Resort levy has been reduced by about $2.8 million under revised estimates for this financial year...
Ex-wealth adviser guilty of ‘very serious’ contempt
07 July 2025
Former wealth adviser Joshua Fuoco has been held in contempt of court for defying orders made in 2018 barring him from the industry for 10 years...