Life insurers maintain growth
10 December 2012
Life insurance inforce premium grew 10.11% to $10.6 billion and new business increased 12.8% to $2.5 billion in the year to September 30, according to research house Dexx&r…
Life Insurance
Online life applications outstrip paper
10 December 2012
Electronic life insurance applications have exceeded paper submissions for the first time, according to a survey by Munich Re Australasia…
PIS brings in legacy claims manager
10 December 2012
Professional Investment Services has appointed Scott Harvey to oversee all insurance claims and deal with legacy issues from the company’s previous owner…
Consumers leave life cover off the shopping list, survey shows
10 December 2012
Life insurance would be a long way down the wish list for consumers given a 10% rise in income, according to a poll by TAL…
Doors open on Mortgage Choice planning offices
10 December 2012
The first two Mortgage Choice financial planning practices have opened in Brisbane and Sydney…
Shorten move pleases planners
03 December 2012
The Association of Financial Advisers has welcomed Federal Government moves to restrict use of the terms “financial planner” and “financial adviser” to Australian financial services licensees…
FPA hails response to code consultation
03 December 2012
The Financial Planning Association says it has received “a great response” from members and the industry to its proposal for a revised Code of Professional Practice…
Trustees ‘must focus on life insurance’
03 December 2012
Super trustees must focus on a fund’s life insurance component and cannot rely on external advisers, CommInsure GM Wholesale Life Claire Roberts has warned…
FSC to host first life insurance awards
03 December 2012
The Financial Services Council will host the inaugural Life Insurance Awards Dinner next year as it seeks to increase its influence in the broader financial services sector…
ANZ focuses on insurance
03 December 2012
ANZ sees opportunities in life and general insurance and aims to drive returns in both sectors, according to CEO Global Wealth and Private Banking Joyce Phillips…
Profits roll in for individual lump sum life cover
26 November 2012
Individual lump sum life insurance made a $259 million after-tax profit during the September quarter, according to the latest Australian Prudential Regulation Authority figures…
FOS warns on communication of risk
26 November 2012
The Financial Ombudsman Service dealt with fewer disputes about investments last financial year, but it says poor communication about risk is an issue for advisers and clients…
MySuper legislation passes Senate
26 November 2012
The Federal Opposition’s move to amend the MySuper bill in the Senate has failed and the legislation has passed for royal assent…
TAL tops life insurer survey
26 November 2012
TAL has been named CoreData Risk Provider of the Year, with Macquarie Life in second place and Asteron third…
CFPs earn more, survey reveals
26 November 2012
Certified Financial Planners earn 25% more than non-accredited counterparts in Australia, according to research by the Financial Planning Association…
Super funds pay more for insurance sold by related parties
19 November 2012
If a super fund trustee is forced to buy insurance from a related party, fund members end up spending more on insurance, according to an Australian Prudential Regulation Authority study…
TAL half-year profit rises despite lapses and claims
19 November 2012
Life insurer TAL increased profit by 8% to $68 million for the six months to September 30…
Moving super balances aids savers, committee told
19 November 2012
People whose small super balances are transferred to the Australian Taxation Office will be better off despite losing their insurance cover, a Senate economics committee has heard…
Centric Wealth looks to spread out
19 November 2012
Centric Wealth is working to expand its three core offerings beyond Sydney to other state capitals and regional areas of NSW and Queensland…
Ex-TAL underwriting manager joins Swiss Re
19 November 2012
Former TAL executive underwriting manager for group risk Michael Renny is to join Swiss Re as Head of Underwriting…