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…
Life Insurance
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…
Financial Planning Week looms
16 July 2012
The 12th Financial Planning Week will be staged between August 20 and 27 this year by the Financial Planning Association…
Australian life rating maintained
09 July 2012
Australia’s life insurance industry is holding its rating level while key Asia-Pacific markets have been downgraded by Standard & Poor’s as a result of weakening economic conditions and volatile…
Insurance sales move online
09 July 2012
Life insurance sales are migrating to the internet, with direct business accounting for 25% of the market in 2010/11 and expected to climb to 40% within 10 years, according to a new report by research group…
It isn’t always churn…
09 July 2012
The Financial Services Council’s proposals on preventing insurance churn could have negative consequences for clients, according to a pool of independent financial advisers…
Trans-Tasman adviser deal shouldn’t dilute standards, says AFA
09 July 2012
Recognition of qualifications that allow financial advisers to operate in both Australia and New Zealand should not be allowed to dilute standards in the Australian market, Financial Planning Association CEO…
Count appoints development executive
09 July 2012
Commonwealth Bank-owned Count Financial has its first Head of Practice Development with the appointment of Judy Clark to the role last week…
AFS appoints regional manager, still seeking CEO
09 July 2012
Dealer group Australian Financial Services Group has appointed Danielle Nugent as Regional Manager for Victoria and Tasmania…
Advisers get trans-Tasman recognition
02 July 2012
Qualified financial advisers will be able to operate on both sides of the Tasman from next Monday following the completion of a deal between the Australian Securities and Investments Commission…
FOFA could leave consumers unprotected
02 July 2012
Financial planners’ clients may be unprotected by industry-specific consumer laws for a year following the partial adoption of the Future of Financial Advice regulatory system this week, according to…