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…
Life Insurance
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…
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…