Advisers urged to reshape traditional model
16 May 2016
The Association of Financial Advisers has encouraged members to consider repositioning their practices to address changing consumer preferences, technology and the cost of delivering advice…
Life Insurance
More consumers will shun advisers, Investment Trends says
16 May 2016
About 4.3 million adults intend to conduct a financial activity without seeking professional advice in the next two years, according to new research by Investment Trends…
Bombora recruits Brisbane life specialist
16 May 2016
Brisbane-based Anthem Risk Management is the latest business to join life insurance specialist dealer group Bombora Advice…
AFA opens search for best female adviser
16 May 2016
CEO Brad Fox says the award, now in its sixth year, demonstrates the association’s commitment to recognising outstanding women in the advice profession…
Adviser associations call for reforms to take in life insurers
09 May 2016
The Association of Financial Advisers and the Financial Planning Association want life insurance industry reforms to extend to insurers, not just advisers…
ClearView slams FSC over approved product lists
09 May 2016
ClearView says it has lost faith in the Financial Services Council developing a set of standards for approved product lists…
Super funds welcome independent life code committee
09 May 2016
The Financial Services Council says an independent body will oversee the life insurance code of conduct – with the move attracting qualified support from industry superannuation funds…
Tax rules hinder annuities, Government concedes
09 May 2016
Treasury has accepted that tax rules for some annuity products are hindering their development, especially those dealing with longevity risk…
OnePath premium falls, lapses rise
09 May 2016
ANZ subsidiary OnePath says inforce premium fell 4% to $2 billion in the six months to March 31…
MLC life sale ‘progressing well’
09 May 2016
NAB will complete the sale of MLC’s life business to Nippon Life in the second half of this year, according to Group CEO Andrew Thorburn…
TAL introduces online life policy upgrades
09 May 2016
TAL is to let customers increase their cover online when certain life events occur…
FPA shuffles education team
09 May 2016
The Financial Planning Association has appointed Shaun Weston-Cole as Head of Education…
Strategic shifts hit MetLife’s Asia result
09 May 2016
MetLife’s Asia business, including Australia, has reported a 7% decline in operating earnings to $US305 million for the three months to March 31…
HBF boss joins CBA advice board
09 May 2016
HBF Health MD Robert Bransby has been appointed a non-executive director on the board overseeing Commonwealth Bank’s advice companies…
AFA opens search for best new advisers
09 May 2016
Nominations have opened for this year’s Association of Financial Advisers rising star award…
NAB partners with Deakin on adviser education
09 May 2016
NAB has signed an agreement for Deakin University to provide undergraduate and postgraduate courses for its financial advisers…
CBA defends sacking medical officer
02 May 2016
Commonwealth Bank has defended its decision to sack CommInsure chief medical officer Benjamin Koh, and argues it was not about whistleblowing…
APRA wants legislation to change legacy products
02 May 2016
Legislation should be introduced to allow the rationalisation of life insurance legacy products, according to the Australian Prudential Regulation Authority…
Former medical chief disputes CommInsure sacking claims
02 May 2016
Former CommInsure chief medical officer Benjamin Koh claims he was authorised to send clients’ files to his personal email address…
Advisers win changes as education reform goes to secret consultation
02 May 2016
A revised version of draft legislation covering adviser education has been sent out for consultation, but it will not be released to the public…