FPA attacks education transition plan
01 February 2016
The Financial Planning Association has rejected the Federal Government’s proposals for older advisers to transition to new education standards…
Life Insurance
TPB proposes privacy code of conduct
01 February 2016
The Tax Practitioners Board has released a draft confidentiality-of-client-information code for tax financial advisers…
Consumers lose out under new education standards: AFA
01 February 2016
Forcing experienced advisers to study for degrees will produce no benefits for consumers, the Association of Financial Advisers warns…
Aviva sues Centrepoint over PIS sale
01 February 2016
The sale of Professional Insurance Services’ Singapore business has come back to haunt Centrepoint Alliance…
Asteron develops flexible commission options
01 February 2016
Asteron Life has introduced new commission options to give advisers greater flexibility…
Life insurers trailing on technology adoption
01 February 2016
The life insurance industry is a laggard when it comes to using technology to generate new business innovations, according to a Swiss Re report…
Life discontinuances on downward trend
01 February 2016
Discontinuance rates in individual lump sum life insurance have continued to fall, dropping to 13.8% in the year to last September 30, according to Dexx&r…
AIA juices up member benefits
01 February 2016
AIA has increased incentive offers to retain customers, including premium discounts and Boost Juice, Rebel Sport and JB Hi-Fi vouchers…
ASIC puts ClearView life adviser under supervision
01 February 2016
A Queensland-based ClearView adviser has been ordered to undergo further training and supervision as part of an Australian Securities and Investments Commission enforceable undertaking…
CommInsure wins Prime group deal
01 February 2016
Prime Super has appointed CommInsure as its group life insurer, effective from May 1…
Life advice still in demand: Asteron
14 December 2015
Consumers may research life insurance online but they still want to speak to an adviser before buying a policy, according to research by Asteron Life…
Robo-advice needs humans to thrive: Cerulli
14 December 2015
Robo-advice requires an element of human interaction to increase client satisfaction, according to a Cerulli Associates report on the US advice market…
Kiwis reveal barriers to seeking advice
14 December 2015
Only 15% of older New Zealanders consider insurance a prompt to seek financial advice, a new survey has found…
Major life institutions record strong profits
14 December 2015
The big five institutional life insurers have reported strong profits for the year to June 30, according to latest industry data from the Australian Prudential Regulation Authority…
Moody’s upbeat on life sector, down on reinsurers
14 December 2015
Moody’s has given the Australian life insurance industry a positive outlook for next year, but the ratings agency is less confident about life reinsurers…
FSC calls on COAG to address stamp duty
14 December 2015
The Financial Services Council wants stamp duty on life insurance considered during talks on proposed tax reforms…
Canberra to host AFA conference
14 December 2015
The Association of Financial Advisers will hold next year’s conference in Canberra from October 5-7…
Advisers to receive education requirements
07 December 2015
Current licensed financial advisers will be provided with a transition process to ensure their education levels meet new requirements proposed by the Federal Government…
Insurance low on priority list for advice clients
07 December 2015
Only 4% of respondents to an IOOF survey consider lower insurance premiums to be the definition of a successful financial planning experience…
TAL fined over misleading ad
07 December 2015
A misleading TV advertisement has landed TAL Direct, trading as InsuranceLine, with a $10,200 fine from the Australian Securities and Investments Commission…