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…
Life Insurance
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…
Still a place for human underwriters amid rise of the robots
10 August 2015
While some life underwriting functions can be handed over to “robots”, humans will never be replaced in the process, according to AIA Australia Chief Underwriter Andrew McPherson…
MetLife expands team for retail push
10 August 2015
MetLife has created two new leadership roles to boost its presence in the retail life insurance market…
Suncorp Life reports rising income
10 August 2015
Suncorp Life has reported net income of $125 million for the year to June 30, as the division demonstrates its ability to provide stable support for the wider group…
FSC honours AMP, Suncorp stalwarts
10 August 2015
AMP Director of Financial Planning Steve Helmich has been given a Financial Services Council lifetime contribution award…
Advisers face lonely fight against life framework
03 August 2015
Advisers lack allies in the fight for concessions from the Life Insurance Framework, Association of Financial Advisers COO Phil Anderson says…
Bombora lures Sydney practice away from Affinia
03 August 2015
Sydney-based MBS Insurance is to leave TAL’s Affinia dealer group and join Bombora Advice…
FPA introduces student award
03 August 2015
The Financial Planning Association has introduced an award for the country’s best financial student…
Get used to change, advisers urged
03 August 2015
Advisers must view change as the norm if they want to survive, according to Complete Financial Balance GM Brendan Cox…
NZ advisers urge retention of life commissions
03 August 2015
New Zealand’s Institute of Financial Advisers says it has no problem with the current commission payment model for financial services…
Call for disclosure on workplace mental health
03 August 2015
About one-third of Australia’s largest miners, banks and energy companies disclose commitments to workplace mental health and safety, research by the Australian Council of Superannuation Investors shows…