Rich need ‘white-glove’ service from life insurers
15 June 2015
Life insurers must offer competitive premiums, efficient underwriting and good after-sales services if they want to target high-net-worth individuals, Reinsurance Group of America says…
Life Insurance
MLC and AMP dominate on policy revenue
15 June 2015
MLC recorded the largest net policy revenue among life insurers last year at $1.5 billion, according to latest figures from the Australian Prudential Regulation Authority…
Fit people ‘more likely to work’ later in life
15 June 2015
Healthy people are much more likely to still be working aged in their 60s than those with poor health, the latest AMP.NATSEM Income and Wealth Report shows…
Ex-Tower MD takes chair at NZ FSC
15 June 2015
Former Tower MD Rob Flannagan has been appointed Chairman of the New Zealand Financial Services Council…
Low engagement presents opportunity for advisers: Deloitte
09 June 2015
Only 10% of Australians have financial plans created by professional advisers, according to a report from Deloitte…
CPA to open independent financial advice business
09 June 2015
The peak accounting body is to move into financial advice, promising to shake up the industry and set a new benchmark for ethical behaviour…
Super funds call for commission disclosure
09 June 2015
Industry Super Australia has called for the new financial adviser register to disclose information on commissions…
TAL rolls out training scheme
09 June 2015
Life insurer TAL has created a training program offering courses for advisers at various stages of their careers…
KPMG produces ‘most advanced’ disability income table
09 June 2015
A new disability income table from KPMG shows 45-year old women are 94% more likely to make claims than their male counterparts…
Insfin to distribute redundancy insurance through brokers
09 June 2015
Specialist online insurance company Insfin Solutions will use brokers in its distribution strategy for a new product covering redundancy…
Group life industry urged to learn from mistakes
01 June 2015
The Australian Prudential Regulation Authority wants group life insurers to create portfolios of business that are sustainable in the long term…
Group life industry makes premium gains
01 June 2015
Group life premium inflow grew 15.1% to $5.6 billion in the year to March 31, according to the latest figures from Plan For Life…
Adviser register adds qualifications
01 June 2015
From today financial advisers must include their training, qualifications and professional association memberships on the financial adviser register…
Planners ‘behind the times’ on practice valuations
01 June 2015
Accounting firms are more proactive on mergers and acquisitions than their financial planning counterparts, Connect Financial Service Brokers CEO Paul Tynan says…
CBA advice review offers $500,000 in compensation
01 June 2015
Commonwealth Bank has offered $562,513 in compensation to its financial advice clients, but only $79,702 has been paid…
AFA hosts roadshows for female advisers
01 June 2015
The Association of Financial Advisers is to run a series of roadshows to promote the fifth female excellence in advice award…
Asteron eyes wholesale remuneration model
25 May 2015
Asteron Life is considering a wholesale product model that will let advisers build in commissions…
Group life bounces back, as income protection slides
25 May 2015
Group life insurance is back in the black, with the industry posting a $284 million pre-tax profit in the year to March 31…
MetLife adds to senior management team
25 May 2015
MetLife Australia has appointed Jeremy Simmons as Head of Operations and Matthew O’Halloran as Head of IT…
FPA urges advisers to fight negative image
25 May 2015
The Financial Planning Association has called on members to lobby their local MPs and promote the good work advisers do…