Katter launches fresh bid for financial services inquiry
03 April 2017
Queensland MP Bob Katter has set in motion yet another possible inquiry into the financial services industry…
Life Insurance
ASIC funding model hurts compliant advisers, AFA says
03 April 2017
The Association of Financial Advisers fears the proposed model for funding the Australian Securities and Investments Commission will be unfair on members…
AMP overhauls advice business, management
03 April 2017
AMP has shaken up its advice business, with a new structure and changes to the management line-up…
Tough times predicted for European life market
03 April 2017
European life insurers face shrinking business volumes and profitability, according to a new report from Chinese research house Dagong Europe Credit Rating…
FPA calls for tax breaks on advice
03 April 2017
The Financial Planning Association says initial financial plans and ongoing management fees or retainers should be tax deductible…
BT and AIA dominate FSC awards
03 April 2017
AIA and BT were big winners at the Financial Services Council’s Life Insurance Awards…
Life advisers take seats on ASIC committee
03 April 2017
Most appointees to the Australian Securities and Investments Commission’s new financial adviser panel are authorised to sell life insurance products…
Sentry names award-winning advisers and practices
03 April 2017
Dealer group Sentry has given its life risk practice of the year award to Queensland-based Lifecover Australia…
ASIC clears CommInsure of legal breach allegations
27 March 2017
The Australian Securities and Investments Commission has cleared CommInsure of any legal breaches related to using out-of-date medical definitions in policies…
AFA calls for ASIC levy to reward good behaviour
27 March 2017
Advisers’ good behaviour should be recognised through lower levies to fund the Australian Securities and Investments Commission, the Association of Financial Advisers says…
BT hails its life insurance business
27 March 2017
BT Financial Group considers its life insurance business an integral part of operations that is delivering good results, according to CEO Brad Cooper…
Lump sum, income protection lapses drop
27 March 2017
Declining lapse rates in individual lump sum life insurance have countered flat new business sales in the market, according to Dexx&r MD Mark Kachor…
Super trustees renew push for life commission ban
27 March 2017
The Australian Institute of Superannuation Trustees has again called for all life insurance commissions to be banned…
Most NZ advisers avoid life sales
27 March 2017
About 40% of New Zealand authorised financial advisers provide life insurance advice, according to the latest Financial Markets Authority report on the sector…
Retirement income stream products gain tax break
27 March 2017
Life insurers introducing new retirement income stream products will receive a tax exemption on income from supporting assets…
Senators push for new financial services inquiry
27 March 2017
Legislation was introduced to the Senate last week calling for the equivalent of a royal commission into the financial services industry…
Extend unfair contracts terms to life cover: AFA
27 March 2017
Unfair contract terms should be statutorily extended to life insurance contracts, the Association of Financial Advisers says…
AMP advice boss joins FSC board
27 March 2017
AMP Group Executive Advice and New Zealand Jack Regan has been appointed to the Financial Services Council board…
National claim rejection rate drops below 10%, study shows
20 March 2017
Australia has a declined claims rate of 9.8%, which is a similar rate to China, according to research by Gen Re…
MLC walks MPs through pricing decisions
20 March 2017
MLC Life Insurance has not raised premiums on its income protection products since 2015, despite the business losing money, CEO David Hackett says…