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…
Life Insurance
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…
Direct life sales rise as ‘easy option’ gains traction
11 August 2014
Direct life insurance sales are continuing to grow as consumers look to save money and online comparisons become simpler, according to Canstar…
Life is passing women by, TAL warns
11 August 2014
Women rate a good job as the key to financial security, but life insurance is way down their list of priorities, according to a new TAL study…
SFG shareholders approve IOOF deal
04 August 2014
Almost all SFG Australia shareholders have voted in favour of IOOF’s takeover of the business…
Consumer trust key worry, survey finds
04 August 2014
Consumer confidence in financial services, regulation and investment returns are the major worries for CEOs across the sector, according to a survey…
MetLife’s Asian earnings dip
04 August 2014
MetLife says Asian operating earnings fell 3% to $US647 million ($696 million) in the six months to June 30…