ClearView calls for new language in adviser pay debate
02 March 2015
ClearView wants the words “commission” and “incentive” removed from the financial advice vocabulary, because of their negative connotations…
Life Insurance
Advice industry needs professional approach: FSC
02 March 2015
Financial advice must evolve to become a trusted profession if it is to survive, according to Financial Services Council CEO Sally Loane…
AIA divisional profit rises despite new business dip
02 March 2015
AIA says its “other markets” division – which includes Australia – suffered a 4% drop in new business to $US212 million ($272 million) in the year to November 30…
Zurich offers discounts on super-owned policies
02 March 2015
Zurich has introduced a first-year 15% discount on premiums funded from super fund rollovers…
Government to consult on adviser education
23 February 2015
The Federal Government will consult with industry before making changes to adviser education standards…
AMP earnings rise as lapse rates improve
23 February 2015
AMP’s life business has turned a corner, with underlying after-tax profit up 114% last year to $238 million…
Adviser register requires more detail
23 February 2015
Advisers lodging details on the new adviser register must include up to five qualifications or training courses they have completed…
Macquarie Life wins more plaudits from advisers
23 February 2015
Macquarie Life has won its seventh consecutive five-star rating for adviser satisfaction from Beaton Research and Consulting…
Life industry makes premium gains
23 February 2015
Premiums in all segments of the life industry grew last year, according to latest figures from the Australian Prudential Regulation Authority…
OnePath business life cover wins five-star rating
23 February 2015
Canstar has awarded its “outstanding value” rating to OnePath’s business partner and key person insurance for the third consecutive year…
Suncorp Life welcomes new dawn
16 February 2015
Tough decisions taken last year are starting to pay off for Suncorp Life, which has reported an $86 million after-tax profit for the six months to December 31…
Life insurance levy inefficient: FSC
16 February 2015
The Financial Services Council predicts stamp duty raised on life insurance will fall short of collection costs…
AFA secures tax adviser association status
16 February 2015
The Association of Financial Advisers has been awarded tax adviser association status by the Tax Practitioners Board…
Australia among Asian powerhouses for MetLife
16 February 2015
MetLife’s Asian operations, including Australia, recorded premiums of $US7.8 billion ($10 billion) last year, up from $US7.5 billion ($9.6 billion) in 2013…
Claims, capital requirements push up group life premiums
16 February 2015
Group life insurance premiums increased 20-30% in the fourth quarter of last year, according to a report by Marsh…
FPA calls for tax deductions on advice
16 February 2015
The Financial Planning Association is again pushing for tax deductions on upfront advice fees…
Industry responds to Trowbridge report
09 February 2015
More than 130 submissions have been made to the life insurance and advice industry working group’s interim report…
Broker group rejects degree call for advisers
09 February 2015
The National Insurance Brokers Association has cautioned against financial advisers being required to hold degrees, arguing there is a lack of courses on life insurance…
Reputational damage dents adviser sentiment
09 February 2015
Adviser sentiment has hit a two-year low, along with incomes, according to new research for Zurich Financial Services Australia…
Ann Street snares former Westpac exec
09 February 2015
Financial advice business Ann Street Partners has recruited former Westpac executive Jason Dunn to help expand multichannel distribution across its practices…