Ex-Industry Funds Services CEO to run adviser practice
16 November 2015
Melbourne-based advice practice Paradigm Group has recruited former Industry Funds Services chief Bill Danaher as CEO…
Life Insurance
Government sticks to clawback proposal, with two-year cap
09 November 2015
Life insurance advisers will face clawback clauses under the final Life Insurance Framework announced by the Federal Government on Friday evening…
Most advisers taking steps to handle reforms, survey shows
09 November 2015
Almost two-thirds of advisers say they are prepared for the forthcoming Life Insurance Framework, a new study shows…
Warning over bogus agents stealing life commissions
09 November 2015
Identity theft has taken a new turn in the US, with fraudsters stealing life insurance agents’ details to claim their commissions, Gen Re VP and Chief Underwriter Keith Brown says…
Sunsuper extends AIA group life mandate
09 November 2015
AIA Australia has held on to its Sunsuper group life mandate, which was due to expire next July…
Super fund REST creates customer service, advice roles
09 November 2015
REST Industry Super has appointed Beth Parkin as GM Customer Service and Deborah Potts as National Manager Advice, both newly created roles…
Nippon takes life business off NAB for $2.4 billion
02 November 2015
NAB has sold 80% of MLC’s life insurance business to Nippon Life for $2.4 billion and agreed to continue distributing product for the next 20 years…
Zurich emerges as big winner in direct life awards
02 November 2015
Zurich Financial Services has won this year’s Plan For Life direct life insurance excellence award…
Group life drives OnePath performance
02 November 2015
ANZ-owned OnePath has reported a 3% rise in inforce premium to $2.2 billion for the year to September 30…
Former Perpetual director to lead Shadforth
02 November 2015
IOOF-owned Shadforth Financial Group has appointed Angus Benbow as its new CEO, replacing Nick Bedding, who left in August…
NZ insurer brings in former AFA boss
02 November 2015
New Zealand life insurer Sovereign Assurance has appointed former Millennium3 CEO Richard Klipin as Chief Distribution Officer…
Advisers lose battle on new industry framework
26 October 2015
The only good news for life insurance advisers in the Federal Government’s response to the Financial System Inquiry is that changes to commissions and the controversial clawback proposal will now start on July 1 next year – a six-month delay…
Income protection claims sting AMP
26 October 2015
AMP has reported modest life sales growth for the third quarter, but has suffered a blowout in income protection claims…
Helmich to chair TAL dealer group
26 October 2015
Former AMP financial planning executive Steve Helmich has been appointed Chairman of TAL-owned dealer group Affinia…
AIA hub to guide advisers through transition
26 October 2015
AIA Australia is offering advisers online and face-to-face support to grow their practices…
NAB expands advice compensation scheme
26 October 2015
NAB will write to customers who may have received non-compliant advice since 2009, and will offer compensation if claims against it are upheld…
AFA expands membership team as numbers grow
26 October 2015
The Association of Financial Advisers has expanded its membership support team in response to growing numbers…
AFA appoints head of policy and professionalism
19 October 2015
The Association of Financial Advisers has appointed Samantha Clarke to the new role of GM Policy, Professionalism and Marketing…
NZ adviser designations ‘cause confusion’
19 October 2015
The various designations for advisers in New Zealand leave consumers confused, AMP has warned…
Nippon Life poised to enter Australian market via NAB
19 October 2015
Nippon Life has moved a step closer to entering the Australian life insurance market by signing a memorandum of understanding with NAB…