A$1.35 Million Penalty for Cybersecurity Failures
Across the ditch, an Australian Financial Services Licensee (AFSL) has been ordered to pay a large penalty after admitting it failed to adequately manage...
Aussie Ban on Use of Adverse Genetic Testing in Life Insurance Starts
The Australian Government’s ban on the use of adverse genetic testing results in life insurance came into effect late last week.
Australia’s Assistant Treasurer and...
New AI, Life Company Pricing Partnership
In a first for the life insurance market across the ditch, Australian life insurance platform, NEOS and adviser productivity platform, Marloo, have announced a...
Advice Profession’s Future Hinges on Trust
Financial advisers will need to focus on professionalism, leadership and client trust as AI, regulatory change and adviser shortages reshape the profession, an Australian...
Chronic Illness Challenge Grows as Australians Live Longer
Australians are living longer but spending more years managing chronic illness, with mental health, musculoskeletal, and neurological conditions accounting for almost 60% of claims...
Reviewing Risk Commissions in Australia
While RiskinfoNZ's latest poll result finds a majority of New Zealand financial advisers don’t agree with the FMA focus on monitoring the advice sector...
Advice Businesses Unprepared For the Unexpected – Report
A new Australian research report examines how well advice businesses are positioned to respond to the sudden death or permanent disablement of a principal,...
Australian Research Highlights Retirement Advice Opportunity
Across the ditch, Australians approaching retirement are financially engaged but many remain unprepared for the transition from accumulating superannuation to drawing a retirement income,...
Feedback Sought on Genetic Test Ban for Aussie Insurers
The Australian Treasury is seeking feedback on draft regulations supporting a ban on the use of adverse genetic test results in life insurance underwriting...