Evolve or die, AFA warns advisers
04 July 2016
The Association of Financial Advisers says members must adapt to remain successful amid rising costs and potential falling revenues…
Life Insurance
ASIC cancels Queensland practice’s AFSL
04 July 2016
Regulators have cancelled Queensland advice practice Advamode Financial’s Australian financial services licence…
FPA raises concern over laws on responsibility
27 June 2016
The Financial Planning Association wants clarity on who is legally responsible for providing advice under the Corporations Act…
ACCC will reject reform framework, adviser group warns
27 June 2016
The proposed Life Insurance Framework will not stand up to Australian Competition and Consumer Commission scrutiny, an adviser organisation claims…
Nippon Life sets out MLC takeover timetable
27 June 2016
Nippon Life says it will complete its acquisition of MLC by December…
Income protection crucial, says planner
27 June 2016
A financial adviser says not providing income protection cover and instead simply giving investment advice is “negligent”…
Group life regulations ‘must evolve with industry’
27 June 2016
The regulatory framework for group life insurance must address industry changes, according to the Actuaries Institute…
Pricing software tackles income protection shortfall
27 June 2016
Software provider Montoux has released an income protection module for its life insurance pricing tool…
Insurers warned on danger to hookah smokers
27 June 2016
The growing popularity of hookah pipes poses a challenge for life insurance underwriters, a reinsurer has warned…
AIA forms cloud link-up to aid adviser efficiency
27 June 2016
AIA Australia will provide a new life insurance-specific data feed to AdviserLogic, to help advisers produce faster and more accurate client policy information…
AMP Life director becomes group chairman
27 June 2016
AMP has appointed Catherine Brenner as its new Chairman, replacing Simon McKeon, who resigned last month…
Fitch upgrades Dai-ichi following TAL integration
27 June 2016
Fitch has upgraded its financial strength rating for Dai-ichi Life to A+ from A, while maintaining its negative outlook…
ClearView finalises $50 million capital-raising
27 June 2016
ClearView has completed its $50 million capital-raising, with the retail component contributing $11.6 million…
‘All or nothing’ TPD regulations hinder trustees: ASFA
20 June 2016
Regulatory definitions for total and permanent disability create problems for super fund trustees, according to the Association of Superannuation Funds of Australia…
Lawyers eye action around ASIC best-interests case
20 June 2016
Law firm Slater & Gordon has offered to act for clients seeking compensation over advice from NSG Financial Services…
Retirement income market tipped to grow
20 June 2016
Research house Dexx&r predicts growth opportunities for life insurance savings plans as retirement income products become more popular…
Life adviser wins reduction in ASIC ban
20 June 2016
A life insurance adviser has successfully appealed against a three-year ban imposed by the Australian Securities and Investments Commission…
Alcohol remains leading drug of concern
20 June 2016
About one in 200 people sought treatment for alcohol and other drug use in the 2015 financial year, according to the Australian Institute of Health and Welfare…
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…
OneVue to take over Diversa
20 June 2016
Superannuation administration provider OneVue has instigated a $177 million friendly takeover deal for competitor Diversa…