Financial lifestyle coaching may be adviser ‘sweet spot’
28 August 2017
The future for advisers lies in becoming financial lifestyle coaches, rather than technical specialists focused on client monetary goals, according to a Zurich white paper…
Life Insurance
Freedom flags growth plans after profit gain
28 August 2017
Freedom Insurance Group is to embark on the “next exciting phase of growth”, buoyed by its performance last financial year…
ClearView life operation drives ‘exciting year’
28 August 2017
ClearView’s life insurance business made a net profit of $24.9 million in the year to June 30, up 2% on the previous year…
Former ANZ adviser banned
28 August 2017
A former Queensland representative of ANZ-owned Millennium3 Financial Services has been permanently banned from the industry…
AMP outlook revised after profit rebound
28 August 2017
S&P Global Ratings has revised its outlook for AMP to stable from negative after the financial services group reported a strong return to profitability and new reinsurance arrangements…
S&P affirms Suncorp Life ratings
28 August 2017
S&P Global Ratings has affirmed Suncorp Life and Superannuation’s financial strength and issuer credit ratings at A, and the outlook at stable…
ANZ adds to OneCare offerings
28 August 2017
ANZ Wealth has expanded its OneCare product range with the introduction of Income Secure Essentials and Severity Trauma…
MLC expands Best Doctors service
28 August 2017
About 800,000 MLC Life Insurance customers will soon be able to access the Best Doctors service, which provides free medical advice and second opinions…
MLC recruits chief underwriter from London
28 August 2017
Debbie Kennedy, former group head of protection strategy at UK life insurer Royal London, has been appointed to the newly expanded role of Chief Underwriter at MLC Life Insurance…
Group income protection returns to profit
21 August 2017
Group disability income protection insurance recorded a net profit after-tax of $152 million in the year to June 30 following a $24 million loss the previous year, according to Australian Prudential Regulation Authority industry data…
Mitsui Sumitomo parent buys $500 million Challenger stake
21 August 2017
Japan’s MS&AD Insurance Group has acquired a 6.3% stake in annuity company Challenger, through a $500 million equity placement…
ASIC bans ex-Millennium3 adviser
21 August 2017
Queensland adviser Travis McLean has been banned from providing financial services for five years by the Australian Securities and Investments Commission…
FPA names speakers for Hobart conference
21 August 2017
The Financial Planning Association has invited a trio of globally renowned “thought leaders” to speak at its Professionals Congress in Hobart…
AIA trials cancer claims service
21 August 2017
AIA is piloting a “door-to-door” claims service for Victorian cancer patients, to help them navigate the process and link them to other support services…
FPA backs FASEA appointment
21 August 2017
The Financial Planning Association has applauded the appointment of Deen Sanders as CEO of the new Financial Adviser Standards and Ethics Authority…
IP claims dent CommInsure income
14 August 2017
CommInsure says income declined 12.7% to $438 million in the year to June 30 as income protection claims grew to $143 million from $78 million the previous year…
CommInsure for sale as CBA joins life divestment rush
14 August 2017
Commonwealth Bank is the latest financial institution to put its life insurance business up for sale…
AMP signs new reinsurance deals as profits dive
14 August 2017
AMP Life has reported a 45% slump in profits from its insurance business in the six months to June 30…
FPA joins criticism of ASIC draft SOA
14 August 2017
Opposition to the Australian Securities and Investments Commission’s new statement of advice model continues to grow…
OnePath to pay another $10 million in compensation
14 August 2017
OnePath will pay an additional $10.5 million in compensation to 160,000 superannuation customers affected by breaches between 2013 and last year…