FPA questions TPB education proposals
29 September 2014
The Financial Planning Association has called for clarity on proposed education standards for financial tax advisers…
Life Insurance
Group life counts cost of suicide and mental illness
29 September 2014
Suicides have cost group life insurers more than $200 million over a five-year period, at an average cost per claim of $120,410, a new study shows…
New CEO for TAL
29 September 2014
TAL Life CEO Brett Clark is to replace Group CEO Jim Minto, who will retire next April after eight years in the role…
FOFA: Industry calls for return of group life commissions
22 September 2014
The ban on group life commissions is distorting the market and stopping specialist advisers being paid, according to the Corporate Super Specialist Alliance…
AFA seeks dispute resolution change
22 September 2014
The Association of Financial Advisers says charging consumers to lodge complaints for external resolution would deter frivolous and vexatious claims, as members…
FOFA causes compliance concerns
22 September 2014
Compliance issues pose the main challenge for advisers under the Future of Financial Advice reforms, according to an Australian Securities and Investments Commission study…
FSU calls for action on conflicts of interest
22 September 2014
The Finance Sector Union has called for the “removal of all conflicts of interest” in the financial services industry…
Zurich, TAL top Canstar life rankings
22 September 2014
TAL and Zurich have shared Canstar’s annual award for outstanding value in life insurance…
Super members struggle with insurance
22 September 2014
About 40% of super fund members do not understand the life insurance offering in their funds, according to the Association of Superannuation Funds of Australia…
Senate turns up heat on advice industry
15 September 2014
The financial advice industry is to face further scrutiny, with two new Senate inquiries launched last week…
AFA female excellence award finalists
15 September 2014
The Association of Financial Advisers and TAL have announced the finalists for this year’s female excellence in advice award…
TAL holds onto market lead
15 September 2014
TAL’s share of the life new annual premium market grew to 20.5% in the year to June 30, up from 15.9% the previous year, according to research by Dexx&r…
Adviser education standards ‘won’t stop rogues’
15 September 2014
Raising education standards will not provide a “silver bullet” against rogue advisers, but change is nevertheless required, according to the Association of Financial Advisers…
IOOF adds to platform’s insurer panel
15 September 2014
IOOF has chosen AIA, TAL and Zurich as preferred insurers for its Pursuit adviser platform…
Lapse rates rise as life pool shrinks: ANZ
08 September 2014
The shrinking pool of people holding life insurance is pushing up premiums, ANZ says in its submission on the Financial System Inquiry’s interim report…
Political correctness ‘hurts life sales’
08 September 2014
The stigma around “selling” life insurance is driving up lapse rates, according to Synchron director Don Trapnell…
Life insurers warned to watch service
08 September 2014
Zurich, AIA and Asteron rate best for service levels among advisers, according to an Investment Trends report on life insurance…
Life advice proves popular in Financial Planning Week
08 September 2014
Maintaining life insurance and income protection cover while unemployed was among the top five topics raised during last month’s Financial Planning Week…
Summerhayes calls for simplicity in life products
08 September 2014
Suncorp Life has called for more transparency in insurance product disclosure documents…
FSC calls for advice industry competency board
08 September 2014
The Financial Services Council supports a national exam for advisers, as a way of demonstrating competency…