AFA loses COO to Netwealth
31 August 2015
Association of Financial Advisers COO Phil Anderson is leaving to join Netwealth as GM of its adviser licensing business…
Life Insurance
Pacific Life Re targets group life after market ‘turmoil’
31 August 2015
New market entrant Pacific Life Re will service only the life insurance market after entering Australia, according to Head of Marketing Ilan Leas…
Financial planning lifts Countplus result
31 August 2015
Accountants and specialist advisers Countplus says its financial planning businesses’ operating revenue grew 7.5% to $48.5 million in the year to June 30…
Recruitment ‘should be hands-on task’ in advice industry
31 August 2015
Recruiting advisers to a dealer group or practice must be a “hands-on” process, and not simply passed to a human resources department, acquisitions specialist Paul Tynan says…
Australian Unity cashes in after diversity drive
31 August 2015
Australian Unity has reported net profit of $34.6 million for the year to June 30, up 16.6%…
ClearView grows life premium
31 August 2015
ClearView Wealth has reported a 26% increase in new life business to $34.5 million for the year to June 30, with a 32% rise in inforce premium to $115.7 million…
No quick fix for income protection problems: Beazley
24 August 2015
It will take a number of years for Australia’s income protection business to return to stability, according to Beazley Head of Life, Accident and Health Christian Tolle…
TAL poaches new COO from Macquarie
24 August 2015
TAL has recruited former head of wealth products at Macquarie Bank Justin Delaney as its new COO…
Advisers must make productivity gains: AMP
24 August 2015
Adviser productivity must improve to lift the number of practitioners and make advice more financially attractive to consumers, AMP CEO Craig Meller says…
AMP planning head jumps to MLC
24 August 2015
Former head of financial planning at AMP-owned Ipac and Genesys Matthew Fogarty has been appointed GM of NAB’s Garvan and MLC Financial Planning…
Disability income insurance continues slide
24 August 2015
Disability income insurers lost money across individual and group policies in the year to June 30, according to the latest Australian Prudential Regulation Authority figures…
AMP wealth arm lifts half-year profit
24 August 2015
AMP’s wealth protection division has recorded a net profit of $99 million for the six months to June 30, up from $91 million in the corresponding period last year…
Research shows market for financial advice: FPA
24 August 2015
About 8.5 million Australians who need advice on financial matters have not sought it, research by Investment Trends shows…
ASIC investigation costs uncovered by PI, broker warns
17 August 2015
Advisers or dealer groups could be bankrupted if the Australian Securities and Investments Commission pursues investigation costs after successful prosecutions, Insurance House Group director Gary Gribbin warns…
TAL income slides, but premium grows
17 August 2015
TAL has recorded a 35% drop in net income to $27 million for the three months to June 30…
Westpac adviser banned over false policies
17 August 2015
A former Westpac financial adviser from Victoria has been permanently banned for submitting false insurance proposals…
CBA adviser remediation scheme dents profit
17 August 2015
Commonwealth Bank’s adviser remediation program has added $151 million to the group’s operating expenses for the year to June 30…
FPA conference examines industry reform, technology
17 August 2015
The Financial Planning Association Professionals Congress in Brisbane will discuss the impact of financial reforms on risk advice…
Insurers should help advisers reform: Frydenberg
10 August 2015
Federal Assistant Treasurer Josh Frydenberg has called on life insurers to help advisers enact reforms proposed in the new industry framework…
Advice lifts life insurance literacy
10 August 2015
Advisers help improve financial literacy around life insurance, according to a new report from the Financial Planning Association and Zurich Financial Services…