The federal government is backtracking on one key financial adviser education requirement by scrapping the list of approved qualifications and proposing to allow any bachelor's degree or higher.
Labor says Australians could save thousands of dollars when seeking guidance on their retirement, life insurance and superannuation as it promises to slash red tape and bring in a new class of financial advisers who will provide simpler advice.
Jobs and Skills Australia (JSA) has retained its classification of financial investment advisers as being in shortage in 2024 in its latest Occupations Shortage List (OSL).
Nine out of 10 advised clients believe the benefits of financial advice outweigh the costs, the Value of Advice Index has found.
National Australia Bank (NAB) has agreed to sell 80% of its life insurance arm to Japan's Nippon Life Insurance Co for about US$1.7 billion, said a person familiar with the matter.
The Council of Australian Life Insurers (CALI) has achieved a significant development in its Partner Program by securing Equisoft, a provider of digital solutions for the financial sector, as its inaugural corporate partner.
Bupa Health Insurance has introduced its latest marketing initiative, "Good health is contagious." The campaign was launched in response to findings from the Bupa Pulse Check survey, which showed a significant trend among Australians towards prioritising health and wellbeing.
More than 15 million Australians will have their private health insurance premiums rise by more than 3% in the biggest increase in five years.
AIA Australia (AIA) has rolled out a menopause support programme specifically designed for women aged 40 to 55.
Financial advisers are "deeply" concerned over the Federal Government's plan for a new advice model that will allow life insurers to provide "simple advice" to consumers.
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