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NIBA announces CGU as new sponsor for Broker of the Year Award

Insurance leaders highlight brokers' role in the industry

Levy, NIBA and ICA on government's Quality of Advice review "final response"

NIBA and ICA welcome Emergency Services Levy reform

"Great news for anyone who takes out insurance"

Insurance giants welcome Emergency Services Levy reform

Move expected to save homeowners an average of 12% off their insurance bill, insurance head says

Recruitment challenges: What's NIBA's new strategy?

It's time to Insure Your Future…

Associations should look to merge as adviser exodus continues

Financial services associations will all have a new look in 2022 but is there a need for so many different ones?

AFA finds its new leader in Morgan-Banda | Professional Planner

Phil Kewin takes on new role | Money Management

Prior to his time at the AFA, Kewin was responsible for the adviser life risk and investment business at Zurich Australia, including five years as general manager of life and investments. Prior to Zurich, he had his own financial planning business. Dianne Phelan, NIBA president, said: “Philip has a long track record of successful leadership in a number of key positions in financial services. “His extensive experience, high levels of integrity and authenticity, are what we believe make him very well qualified for the role at NIBA. “We look forward to Philip joining the organisation and to working closely with him to deliver on our key strategic objectives.”

AFA wants greater oversight of ASIC funding

Money Management report that ASIC had confirmed the use industry funding to support the consumer submissions. Answering a question on notice from a Parliamentary Committee, ASIC said, while it lacked a dedicated budget, it would from time to time support a funding allocation of between $10,000 and $15,000 for the preparation of consumer submissions to an existing policy consultation process”. The Parliamentary questioning of the ASIC funding model arose out of confirmation that ASIC’s Consumer Advisory Panel (CAP) had played a role in ensuring funding to two Griffith University academics to write a submission with respect to the Financial Adviser Standards and Ethics Authority code of ethics.

Royal commission bill passes Parliament

Royal commission bill passes Parliament Royal commission bill passes Parliament The government has passed the first of two tranches of royal commission legislation currently before Parliament, which includes new provisions to enforce industry codes of practice, strengthen super trustee duties and bring insurance claims handling into ASIC’s purview. A A The Financial Sector Reform (Hayne Royal Commission Response) Bill 2020, which was introduced in mid-November, passed Parliament on Thursday.  The bill addresses 20 of 76 final recommendations from the royal commission report, including tougher anti-hawking provisions for super and insurance products, prohibiting super trustees from having a duty to act in the interests of a person other than those arising from their duties as trustee, and allowing provisions in financial services industry codes to be enforceable.