AMP warns there are no quick fixes
12 May 2014
AMP’s first-quarter insurance claims and policy lapses are in line with company expectations but shareholders have been warned there is no “quick fix” for the wealth management business…
Life Insurance
QBE director Boyle joins TAL board
12 May 2014
QBE Deputy Chairman Duncan Boyle has been appointed a director of life insurer TAL…
Macquarie Life continues to grow
12 May 2014
Macquarie Life has increased its inforce life insurance book by 23%, although the group has released no specific trading figures in its financial-year report…
Challenger Life property fund takeover gets a tick
12 May 2014
An independent report on the takeover by Challenger Life of the listed Challenger Diversified Property Group has been deemed “fair and reasonable”…
NZ life insurers oppose stress-test changes
12 May 2014
Life insurers have opposed a Reserve Bank of New Zealand proposal on the way reinsurance stress testing should be implemented…
Tax adviser proposals ‘will raise industry costs’
05 May 2014
Three industry bodies believe the new tax advice regime for advisers will add considerable compliance costs for financial services companies…
Choice raises concerns on general advice commissions
05 May 2014
Choice fears proposed amendments to conflicted remuneration rules in the Future of Financial Advice legislation will put consumers at risk…
FPA unveils Gwen Fletcher award
05 May 2014
Industry doyenne Gwen Fletcher will be remembered through an award for the best students in the Certified Financial Planner program…
Virgin Money fined for misleading life ads
05 May 2014
The Australian Securities and Investments Commission has fined Virgin Money $30,600 for three instances of misleading advertising…
AFA seeks education champions
05 May 2014
The Association of Financial Advisers has opened nominations for its seventh Excellence in Education Award…
Catch-all clause ‘promotes professionalism’
28 April 2014
A legal expert has called for the “catch-all” clause in the Future of Financial Advice legislation to be retained, because it enhances professionalism…
TAL leads way in life industry
28 April 2014
Life insurance industry premium inflows grew 11.5% to $12.7 billion last calendar year, according to research house Plan For Life…
FPA rejects separate PI cover for tax advice
28 April 2014
The Financial Planning Association has questioned the amount of professional indemnity insurance advisers will require if they want to give tax advice…
Life insurance consumers ‘lapse too soon’
28 April 2014
Many consumers drop life insurance products before the peak age for claims, new research by TAL shows…
Advisers raise concerns on FOFA and tax laws
28 April 2014
Financial advisers want clarification on legislative changes to the Future of Financial Advice and Tax Agent Services acts…
TAL appoints its first CRO
28 April 2014
TAL has pre-empted regulatory requirements to beef up risk monitoring, with the appointment of a chief risk officer…
Advisers lack adequate PI cover: FOS
14 April 2014
Financial advisers’ professional indemnity insurance has proved inadequate when companies enter administration or become insolvent, according to the Financial Ombudsman Service…
Coles raises fears over ‘unreasonably onerous’ regulation
14 April 2014
Supermarket group Coles fears increasing regulation will bar new entrants from expanding in the financial services industry…
Crowe Horwath, Zurich team up on expenses cover
14 April 2014
Zurich Life Australia and financial services group Crowe Horwath have joined forces to raise the take-up of business expenses insurance among small companies…
Direct life insurance ‘too complex’ for customers
14 April 2014
Consumers are confused by the multitude of options available when signing up for direct life insurance products, ClearView Direct Life Head of Distribution David Charlton warns…