FOFA bills pass Senate
25 June 2012
The Future of Financial Advice legislation which came into law last week implements the legislative response to a parliamentary inquiry into the collapse of investment groups Storm Financial and…
Life Insurance
Daly moves to Yellow Brick Road
25 June 2012
Former AFS Group CEO Peter Daly has joined Yellow Brick Road to help grow its financial planning business…
Distribution boosted at CommInsure and Guardian
25 June 2012
The jobs merry-go-round continues with CommInsure and Guardian Advice boosting their distributions teams with a number of appointments…
Guardian Advice adds BT Life
25 June 2012
BT Life is now on Guardian Advice’s preferred partner list after agreement was reached between the two companies last week…
Tax problems loom over life commission rebates
18 June 2012
Advisers rebating upfront life insurance commissions may be creating tax problems for their clients, an accountant has warned…
Life insurance premium income and commissions rise
18 June 2012
Last year was a strong one for the life insurance industry, with net premium income in calendar 2011 up 12.8% to $43.34 billion from $38.42 billion in the 12 months to June 30 2011…
Disability income sales grow by 15%
18 June 2012
Individual disability income insurance sales have grown by more than 15% during the 12 months ending March 31, according to Dexx&r…
Tasmanian practices join forces to grow
18 June 2012
Two RI Advice practices in Burnie and Devonport have joined Tasmanian life insurance specialist Coles Financial Group to form Zenith Wealth…
New CFO for Partners Life
18 June 2012
Auckland-based Partners life has appointed Sean Kam as its new CFO…
Advisers to face codes of conflict
12 June 2012
Advisers could face the dilemma of operating under numerous codes of conduct, according to Association of Financial Advisers President Brad Fox…
WHK perfects cross-selling insurance within group
12 June 2012
Financial services firm WHK Group is reporting strong cross-sell rates for general and life insurance to its clients…
Accountants face licensing regime
12 June 2012
Accountants will have to get used to being licensed before they can give advice, and to complying with the best interests component of the Future of Financial Advice reforms…
Daly to sue AFS for unfair dismissal
12 June 2012
Former AFS Group CEO Peter Daly plans to sue the dealer group for wrongful dismissal…
Ebix moves into Australian life market
04 June 2012
Ebix Australia has started its push into the local life insurance market with the purchase of back-office provider Fintechnix…
Not everybody winning with direct life sales
04 June 2012
Many direct life insurance business are losing money, according to Rice Warner Head of Life Insurance Richard Weatherhead…
ACORD life committee expands
04 June 2012
More members have been added to the ACORD Australian Life Insurance Steering Committee…
Accountants face insurance commission ban
04 June 2012
Accountants would be banned from receiving commissions and soft-dollar payments from general and life insurers under regulations the industry’s standards board is proposing…
Commissions ‘still best payment model for life’
04 June 2012
Insurers still believe commissions for life insurance are the best payment method, even if an adviser group has switched to a fee-for-service model…
Asteron looks at corporate super market
04 June 2012
Asteron Life is looking for partners to help sell life insurance into the smaller end of the corporate super market…
Uncertainty over group life grandfathering under FOFA
28 May 2012
Grandfathering rights on group life insurance commissions remain ambiguous in the new draft Future of Financial Advice regulations…