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…
Life Insurance
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…
Premiums down for life insurers
28 May 2012
Life insurer net premiums fell to $42.3 billion in the year ending March 31, Australian Prudential Regulation Authority figures show…
Good year for TAL
28 May 2012
TAL has reported a 25% increase in net profit to $93 million for the year ending March 31…
AFS parts with CEO
28 May 2012
Dealer group Australian Financial Services has dropped long-serving CEO Peter Daly…
Lifetime expands into North Island
28 May 2012
Christchurch-based advisers Lifetime Group has acquired Wellington-based Meridian Brokers as part of plans to expand into the North Island…
Principals support RI new offer to advisers
28 May 2012
RI Advice Group’s proprietors advisory council has supported the dealer group’s proposals for advisers stemming from a recent business review…
Dealer group creates own medical testing service
21 May 2012
Dealer group Synchron has created a joint venture with services group Health Predictions to provide direct medical services for its advisers…
Scaled advice tipped to raise demand for advisers
21 May 2012
A research house is predicting life insurance companies will have to expand the numbers of specialist advisers they use to meet the demand for scaled advice…
Better heart attack definitions from AIA
21 May 2012
AIA Australia has amended the definition of heart attack for its income protection product…
CommInsure grows premium in first quarter
21 May 2012
CommInsure premiums grew 4.9% in the three months ending March 31, according to the Commonwealth Bank’s trading update…
Advisers ignoring SMSF insurance market
21 May 2012
Financial advisers still see life insurance as a growth market, but are ignoring the self-managed super fund market…
Over-50s hampered by injury
21 May 2012
More than 1.2 million Australians aged over 50 have been injured in the past six months, according to research by Suncorp specialist insurer Apia…