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|The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed.|
|The boutique wealth manager and advisory firm has signed onto MBS Insurance's life insurance offering, after 12 months of using its personal insurance consultancy for clients.|
|MLC life insurance has launched a new digital underwriting platform and is promising to provide "instant quotes" for life insurance cover in as little as five minutes.|
|In his statement to the Royal Commission, ASIC deputy chair Peter Kell argued financial advice is not yet a profession.|
|Freedom Insurance Group (FIG) announced it will acquire a bank's insurance arm for $65 million.|
|The Commonwealth Superannuation Corporation inked a deal with an ASX-listed wealth management technology provider for greater efficiency in administering insurance claims.|
|AMP has acknowledged hundreds of instances of misconduct in relation to the provision of financial advice between 1 January 2008 and 30 June 2015.|
|ANZ Wealth's new artificial intelligence-powered underwriting capability has completed a successful test phase with a group of tradespeople.|
|AIA Australia is urging the Federal Government to allow life insurers to fund early intervention and treatment for mental health conditions.|
|The Association of Financial Advisers (AFA) has slammed the Parliamentary Joint Committee's report on life insurance, highlighting several aspects as surprising, perplexing and disappointing.|
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In light of the Royal Commission, the Turnbull Government has increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers.
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Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million.
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Two Blue Sky funds have been rated "unapproved" and "low investment grade" by SQM Research after the manager conceded it had fallen short of shareholder expectations.
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The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed.
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