News
Mental ill-health driving surge in income support claims, report finds - IFA
6+ hour, 15+ min ago (478+ words) New research commissioned by the Council of Australian Life Insurers (CALI) and prepared by'Super Friend'found around'2'million more Australians are now receiving income support payments compared to a decade ago, highlighting growing strain across the nation's financial safety net.' CALI…...
Why underinsurance poses danger for clients - IFA
4+ week, 7+ hour ago (417+ words) Image: stokkete/ adobe stock Life insurance to many is a very abstract concept. The idea of insuring oneself against worst'possible scenarios'is not only scary for most clients but'might'not'seem necessary." Price barriers'and the opaque nature of the industry for outsiders also…...
Shield and First Guardian complaints crack 2, 000 - IFA
3+ mon, 1+ week ago (700+ words) Complaints over the Shield and First Guardian collapses continue to flow through to the Australian Financial Complaints Authority (AFCA), with lead ombudsman for investments and advice Shail Singh explaining that the number has reached 2, 130. Speaking at an event in Sydney…...
FAAA still concerned over genetic testing ban's impact on premiums - IFA
3+ mon, 1+ week ago (608+ words) In its latest submission on'Genetic Testing Protections in Life Insurance,'the Financial Advice Association Australia (FAAA) has highlighted that while supportive of government action, claims for new policy holders looking to take advantage of the new legislation could negatively'impact'policyholders already…...
Shield, First Guardian continue to dominate AFCA complaints - IFA
3+ mon, 4+ week ago (718+ words) In its latest update to its Datacube, the Australian Financial Complaints Authority (AFCA) has revealed that from 1 July 2025 to 30 November 2025, Inter Prac Financial Planning received the most complaints of any firm in the investments and advice sector at 628. Complaints lodged…...