FPA praised for role in FOFA
16 April 2012
The global standards body has praised the Financial Planning Association’s role in securing changes to the Future of Financial Advice reforms…
Life Insurance
CommInsure picks up OnePath sales boss
16 April 2012
CommInsure has poached OnePath Head of Insurance Sales Kevin Goss for a similar role…
Advisers drawn to social media sites
16 April 2012
More than 1000 Financial Planning Association members have joined a forum the association has set up on the social media site LinkedIn…
FPA members can become tax agents
02 April 2012
Members of the Financial Planning Association can now be formally recognised under the Tax Agent Services Regulations…
Dealer group dumps insurers
02 April 2012
WHK Group has dropped CommInsure and MLC from its approved list of life insurers…
GPG pleased with Tower and ClearView investments
02 April 2012
Investor Guinness Peat Group sees a bright future ahead for both its Tower and ClearView investments, according to the company’s latest annual report…
Direct life sales ‘still a challenging market’
02 April 2012
Aggregators will not be a long-term distribution model for life insurance, according to NMG Consulting Executive Director Mark Prichard…
Consumers ‘know little about life insurance’
02 April 2012
Consumers are happy with the life insurance cover they have within a super fund, but they don’t know anything about the policy, according to Canstar Head of Wealth Management Stephen Mitchell…
Genome testing a looming issue for insurers
02 April 2012
The expansion of genome testing could make some people uninsurable, according to a Swiss Re expert on life and health research…
ClearView expands distributions channels
02 April 2012
ClearView has recruited three more adviser practices to its dealer group and its LifeSolutions product has been added to more approved lists…
Insurers urged to rethink how they sell life cover
02 April 2012
Insurers will have to understand people’s behaviour to sell life insurance rather than just use “wallpaper” advertising, according to a marketing expert…
Government error blocks FOFA start date change
26 March 2012
The legal start date of the Future of Financial Advice reforms still remains at July 1 this year because the Federal Government failed to change it in Parliament…
Government changes FOFA opt-in rules
26 March 2012
The Federal Government has changed the controversial opt-in provision in its Future of Financial Advice legislation, now providing advisers exemptions from the measure if they are members…
FOFA bill reveals deep divisions
26 March 2012
The latest changes to the Future of Financial Advice regulations have divided the financial services industry…
Industry rejects FSC’s churn concerns
26 March 2012
The Financial Services Council will talk to the life insurance industry on developing a policy to stop churning, but industry sources say it is not a major problem…
Group life industry must do better, says APRA
26 March 2012
The pricing of group life insurance is coming under increased scrutiny by the Australian Prudential Regulation Authority…
Committee rejects ‘tailored’ life insurance in MySuper
26 March 2012
A parliamentary committee looking into the proposed MySuper legislation has accepted that life insurance within a fund cannot be tailored to suit individual members…
Government caves in on FOFA start date
19 March 2012
The Government has caved in after fierce industry lobbying and delayed the introduction of the Future of Financial Advice reforms for a year…
Industry welcomes FOFA delay
19 March 2012
The financial services industry has welcomed the delayed start date for the Future of Financial Advice reforms, but will keep lobbying on other elements of the bill…
Call for life insurance in super to be reviewed
19 March 2012
A review of life insurance offered within super funds should be undertaken after the Future of Financial Advice reforms become law…