AFA names first consumer choice winners
20 June 2016
AIA, AMP, BT and TAL have been named among preliminary winners in the first Association of Financial Advisers and Beddoes Institute Consumer Choice Awards…
Life Insurance
OneVue to take over Diversa
20 June 2016
Superannuation administration provider OneVue has instigated a $177 million friendly takeover deal for competitor Diversa…
AZ NGA adds to ever-growing roster
20 June 2016
AZ Next Generation Advisory continues to grow, with the acquisition of its 12th practice in just over a year…
Sentry teams up with IRESS on back-office system
20 June 2016
Sentry Group has signed a deal for software company IRESS to provide its advisers with back-office services…
Synchron wins five-year payroll tax battle
14 June 2016
Dealer group Synchron has won its battle with the Victorian State Revenue Office (SRO) over payroll tax being charged on the earnings of its authorised representatives…
Life reinsurers struggle in Australian market
14 June 2016
Four life reinsurers reported losses last calendar year, according to latest figures from the Australian Prudential Regulation Authority…
AIA adopts cloud risk modelling system
14 June 2016
AIA Group will use cloud technology to improve actuarial modelling across its subsidiaries, including Australia…
Radiosurgery ‘improves outcomes’ for brain tumour patients
14 June 2016
Underwriters and claims departments must better understand the use of radiosurgery, especially on complex neurological conditions that may previously have been classed as untreatable, according to RGA Australia…
Too soon for robo-cops: actuaries
14 June 2016
The Actuaries Institute believes it is too early to develop regulations for robo-advice…
S&P upbeat on Australian life industry
14 June 2016
The Australian life insurance industry is considered low risk, according to a new report from Standard and Poor’s…
Direct life offerings improving, Canstar says
14 June 2016
A Canstar study of the direct life insurance market has found policies now offer more levels of cover and additional features for competitive annual premiums…
Life insurers urged to open up on claims performance
14 June 2016
Life insurers should allow independent assessment of their claims over the past year to ensure future customer satisfaction, according to industry researcher the Beddoes Institute…
MLC welcomes ex-manager to advised sales role
14 June 2016
Former MLC national manager insurance Russell Hannah has returned to the company after a two-year stint at BT, where he was NSW state manager…
Howard to open AFA conference
14 June 2016
Former prime minister John Howard will deliver the opening address at the Association of Financial Advisers’ conference in Canberra on October 5…
CBA’s poor advice compensation payout reaches $4.8 million
06 June 2016
The Commonwealth Bank’s compensation scheme has now paid $4.8 million in compensation to customers who received poor advice…
Life advisers’ body attacks FSC support of framework legislation
06 June 2016
The Life Insurance Customer Group wants the Financial Services Council to put consumers first, accusing it of pushing the Life Industry Framework reforms on behalf of the big banks…
ClearView completes institutional fund-raising
06 June 2016
ClearView has raised $34 million from institutional investors as part of its $50 capital-raising offer…
Lapse rates falling in life industry
06 June 2016
Life insurance lump sum lapse rates have fallen to 13.9% in the 12 months ending March 31, according to new data from Dexx&r…
AFA wants robo-advisers to play by the same rules
06 June 2016
The Association of Financial Advisers wants robo-advice providers to comply with the same rules as traditional advice providers…
Tribunal upholds ban on Meritum adviser
06 June 2016
A former Meritum Financial Group adviser has lost his appeal to the Administrative Appeals Tribunal to stop the Australian Securities and Investments Commission from banning him…