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…
Life Insurance
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…
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…
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…