MPs pass FOFA amendment bill
01 September 2014
The House of Representatives has passed amendments to the Future of Financial Advice Act despite the Opposition’s attempts to stop them…
Life Insurance
Matrix agrees to ClearView takeover
01 September 2014
Financial services group ClearView has launched a friendly takeover of Matrix Holdings, valuing the dealer group at $20.25 million…
Ex-RSA chief Boyle takes chair on TAL board
01 September 2014
TAL has appointed Duncan Boyle as its Chairman, effective from today…
FOS labels bank advice disputes ‘significant’
01 September 2014
The Financial Ombudsman Service has declared the Commonwealth Bank and Macquarie financial planning remediation plans “significant events”…
Dealer group warns on disclosure
01 September 2014
Non-disclosure is a major issue in the life insurance industry, resulting in many rejected claims, dealer group Synchron warns…
AFA reveals awards contenders
01 September 2014
The Association of Financial Advisers has named the semi-finalists for three awards that will be presented at its conference in Cairns next month…
Vero quits advisers’ PI market
25 August 2014
Vero Insurance will no longer offer professional indemnity cover to financial planners, in another blow to the beleaguered advice industry’s standing…
Group life plumbs new depths
25 August 2014
Group life insurance losses blew out to $553 million last financial year, according to data from the Australian Prudential Regulation Authority…
Industry absorbing new technology ‘like a brick’
25 August 2014
Technological change is a major threat to the financial services industry, according to Deloitte’s Centre for the Edge…
AMP makes profit on life insurance
25 August 2014
AMP Wealth Protection has recorded a $91 million profit for the six months to June 30, up from $64 million in the corresponding period last year…
Life cover central to Financial Planning Week
25 August 2014
Consumers’ frequently asked questions will form the basis of Financial Planning Week, starting today…
Suncorp Life cuts capital reserves, lifts reinsurance
18 August 2014
Suncorp Life reduced its Tier 1 capital by $297 million in the year to June 30, taking it to $455 million…
Macquarie remediation program ‘flawed’
18 August 2014
Law firm Maurice Blackburn has described Macquarie Bank’s financial advice remediation scheme as “flawed”, and warns clients may not be adequately compensated…
FPA opens search for best planners
18 August 2014
Nominations for this year’s Financial Planning Association Awards are now open…
CommInsure reports profit growth
18 August 2014
CommInsure has reported gross insurance income of $725 million for the year to June 30, up 1% on the previous year…
ALUCA TurksLegal Scholarship opens
18 August 2014
The Australasian Life Underwriting and Claims Association and law firm TurksLegal have opened applications for their annual life insurance professionals’ scholarship…
Forte buys My Dealer Group as Fuchs joins AFA
18 August 2014
Anne Fuchs has become Chief Commercial Officer for the Association of Financial Advisers after selling her business, Pinnacle Practice, to Forte Asset Solutions…
Regulators put life industry on notice
11 August 2014
Life insurers remain under the spotlight, with the Australian Prudential Regulation Authority questioning the industry’s sustainability…
ASIC puts more conditions on CBA planners
11 August 2014
The Australian Securities and Investments Commission has put more conditions on the licences of Commonwealth Financial Planning and Financial Wisdom…
Women sell themselves short on life, income cover
11 August 2014
Women do not adequately protect their incomes when compared with men, according to a study by LifeInsuranceFinder…