AFA urges ASIC to name advisers it criticised
13 October 2014
The Association of Financial Advisers says it wants to help address problems flagged in the Australian Securities and Investments Commission’s scathing report on life insurance…
Life Insurance
Life advisers on notice over failings, ASIC warns
13 October 2014
An “unacceptable” amount of life insurance advice to retail clients fails to meet legal standards, according to an Australian Securities and Investments Commission review…
Life industry responds to ‘damning’ ASIC report
13 October 2014
The Association of Financial Advisers and the Financial Services Council will form a working group to address issues raised in the Australian Securities and Investments Commission’s…
Acclaimed financial services chief named AFA President
13 October 2014
Integra Financial Services founder Deborah Kent will head the new Association of Financial Advisers board, announced at the group’s conference today…
Matrix shareholders unanimous on ClearView deal
13 October 2014
ClearView has completed its takeover of Matrix Holdings, with 100% acceptance from the dealer group’s shareholders…
AFA crowns rising star
13 October 2014
Queensland adviser Ben Budge has been named the Association of Financial Advisers’ rising star of the year…
FSC adds AIA chief Mu to board
13 October 2014
The Financial Services Council has appointed AIA Australia CEO Damian Mu to its board…
AFA reveals education award winner
13 October 2014
Peter O’Callaghan from MSI Taylor Wealth Management in Queensland has won the excellence in education award at this year’s Association of Financial Advisers conference…
Findex launches Crowe Horwath bid
06 October 2014
Financial Index Wealth Accountants Australia (Findex) values Crowe Horwath at $137 million in documents detailing its proposed takeover of the financial services company…
Associations an ‘impediment to professionalism’
06 October 2014
A “proliferation” of industry associations is holding the financial advice sector back from being perceived as professional, the Australian Securities and Investments Commission…
FOFA disallowance vote falls in Senate
06 October 2014
Labor’s attempts to overturn the Future of Financial Advice regulations in the Senate have failed for the second time in three months…
Split manufacturers from advice: standards council
06 October 2014
Product manufacturers should be banned from holding financial services licences for advice, the Professional Standards Council says…
Advisers surrender AFSLs as regulations stack up
06 October 2014
Increased regulation is forcing more advisers to give up their individual Australian financial services licences and move to non-institution dealer groups such as ClearView, according to…
Endless inquiries no good for consumers, says AMP chief
06 October 2014
The financial advice industry is bogged down by reviews and inquiries that ignore what is best for consumers, AMP CEO Craig Meller says…
Government dismisses FSC standards board plan
29 September 2014
Finance Minister Mathias Cormann has joined a chorus of criticism of the Financial Services Council’s proposed adviser standards board, labelling its plan a “cop-out”…
FPA questions TPB education proposals
29 September 2014
The Financial Planning Association has called for clarity on proposed education standards for financial tax advisers…
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…