AIA on growth path
06 August 2012
AIA is the fastest-growing life insurer in the Australian market, according to its Australia CEO Peter Crewe…
Life Insurance
FSC wants stamp duty lifted off life policies
06 August 2012
The Financial Services Council intends to push for tax reforms that will include the removal of stamp duty on life insurance policies…
ASX passes share issue for ClearView advisers
06 August 2012
ClearView Wealth’s adviser network now has access to 10.49 million shares in the company under a waiver provided by the Australian Securities Exchange…
Coalition admits possible delays on opt-in removal
30 July 2012
Federal Coalition plans to scrap the controversial opt-in requirement if it wins next year’s election could be delayed by the outcomes of repealing the carbon and mining taxes…
ASIC expects codes to contain opt-in provisions
30 July 2012
Industry codes of conduct should contain provisions “substantially similar” to the opt-in requirement in the Future of Financial Advice legislation, according to the Australian Securities and Investments…
Don’t copy people: AFA President
30 July 2012
Successful businesses are run by people who don’t imitate others, according to Association of Financial Advisers President Brad Fox…
Understanding clients’ incomes to sell insurance
30 July 2012
Advisers should work through a client’s cashflow when they claim insurance is too expensive, CommInsure GM Retail Advice Tim Browne says…
IOOF plans redundancies at Plan B
30 July 2012
IOOF will transfer some of Plan B’s head office operations from Perth to Melbourne and shed some positions once the takeover of the company is completed…
Munich Re boosts life team
23 July 2012
Munich Re has bolstered its life operations in Australia with the appointment of a new research and development manager and chief medical officer…
AFA floats draft code of conduct
23 July 2012
The Association of Financial Advisers admits its principles of practice will need more work to meet any future requirements of a regulator-approved code of conduct…
ClearView suitor will tough it out
23 July 2012
Crescent Capital, the private equity bidder for ClearView Wealth, is now playing a waiting game following the rejection of its 50c a share $220 million bid for the company…
Graham Rich gets NZ industry award
23 July 2012
New Zealand financial advisory pioneer Graham Rich is the inaugural recipient of that country’s Institute of Financial Advisers’ Outstanding Contribution to the Profession award…
New advice leader for MLC
23 July 2012
Leah Mallett has taken over as Head of Advice Programs for MLC, a position that puts her in charge of adviser training and recruitment…
Crescent bid ‘undervalues ClearView’
16 July 2012
Crescent Capital’s $220 million bid for life insurance and funds manager ClearView Wealth will have to be increased to succeed, according to a prominent stockmarket analyst…
Paper on churning can address underinsurance
16 July 2012
The Financial Services Council’s paper on “churning” of life insurance business provides an opportunity to address chronic levels of underinsurance, the Association of Financial Advisers says…
BT grabs advisers in market tussle
16 July 2012
BT Financial Group has grabbed $500 million in funds under management in three months as part of a financial planning turf war in which 14 practices formerly aligned with Commonwealth Bank-owned…
Life market up 11.8%
16 July 2012
Australia’s life insurance industry is performing strongly despite signs of weakness in the general economy, with premium income rising 11.8% to $10.6 billion in the year to March 2012…
AFA wants clarity on FOFA conflict rules
16 July 2012
The Association of Financial Advisers has called for clarity about how conflict of interest rules relating to volume bonuses will be dealt with under Future of Financial Advice laws that are being applied…
MySuper insurance deductions allowed
16 July 2012
Insurance premiums can be deducted from members’ accounts by providers of the new default MySuper superannuation option that will be available from next July, according to the…
IOOF set to buy Plan B
16 July 2012
IOOF looks set to add $2.2 billion to its funds under management with the board of its latest acquisition target, Plan B, recommending shareholders accept the 60c a share offer…