ClearView chairman resigns
23 May 2016
ClearView Chairman Gary Weiss has resigned from the board with immediate effect…
Life Insurance
NZ advisers, insurers find common ground on commissions
16 May 2016
New Zealand advisers and life insurers have rejected changes to life commissions in submissions to the Government’s financial advice inquiry…
NZ urged to lay down law on robo-advice
16 May 2016
Robo-advice should have to comply with the same rules as traditional models, New Zealand life insurers and advisers say…
Life premiums ‘may eat into super contributions’
16 May 2016
Consumers holding life insurance in superannuation may fall foul of the proposed concessional contribution cap announced in this year’s federal budget, according to Dexx&r…
Election call kills Senate life industry inquiry
16 May 2016
The Senate Economics References Committee’s inquiry into financial advice has lapsed with the double-dissolution election being called…
AMP suffers claims blowout
16 May 2016
AMP Life has reported an $18 million blowout in claims for the three months to March 31…
Uncertainty on regulation poses threat to margins: S&P
16 May 2016
The Australian life insurance industry faces lower margins amid potential regulatory changes, according to Standard & Poor’s…
Adviser awards open for entries
16 May 2016
Nominations are open for the Association of Financial Advisers adviser of the year and practice of the year awards…
Review hears case for adviser rebrand
16 May 2016
Adviser terminology should be simplified to help the public understand the profession’s role, New Zealand’s Ministry of Business, Innovation and Employment has been told…
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…
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…