Moving super balances aids savers, committee told
19 November 2012
People whose small super balances are transferred to the Australian Taxation Office will be better off despite losing their insurance cover, a Senate economics committee has heard…
Life Insurance
Centric Wealth looks to spread out
19 November 2012
Centric Wealth is working to expand its three core offerings beyond Sydney to other state capitals and regional areas of NSW and Queensland…
Ex-TAL underwriting manager joins Swiss Re
19 November 2012
Former TAL executive underwriting manager for group risk Michael Renny is to join Swiss Re as Head of Underwriting…
Garino heads MLC retail insurance
19 November 2012
Elio Garino has been appointed GM Retail Insurance Operations at MLC…
AFA’s Richard Klipin goes to ANZ Wealth
19 November 2012
Association of Financial Advisers CEO Richard Klipin has resigned to join ANZ Wealth as CEO of subsidiary Millennium3…
RGA MD moves to AMP
19 November 2012
RGA Reinsurance MD Pauline Blight-Johnston has resigned to join AMP as Director Wealth Protection and Mature Products…
Victoria sweeps FPA awards
19 November 2012
Victorians have dominated the Financial Planning Association’s Best Practice Awards, winning all the national categories…
FSC’s adviser commission proposals ‘anti-competitive’
12 November 2012
Adviser group Synchron wants an alternative adviser remuneration model driven by competitive forces rather than the model being proposed by the Financial Services Council…
Traps arise when insuring members in SMSFs
12 November 2012
Advisers need to be aware that self-managed super fund members transferring their life insurance policies will breach the “arms-length” transaction rules, a lawyer has warned…
Banks still struggling with wealth management
12 November 2012
The Big Four banks’ wealth management divisions, which include life insurance, saw cash profits remain almost static during their full-year reporting periods…
CBA insurance business grows 3% in Q3
12 November 2012
The Commonwealth Bank says its insurance and wealth management business grew in the three months to September 30 this year…
New CEO for NZ advisers’ association
12 November 2012
The NZ Institute of Financial Advisers has appointed Penny Mudford as its new CEO…
NAB overall insurance contribution sinks
05 November 2012
NAB’s operating income from insurance fell 1.2% to $481 million in the year to September because of increased lapses and unfavourable changes in the profile of the retail insurance book…
Insurance cross-selling boosts Westpac result
05 November 2012
Westpac says its strategy of cross-selling wealth and insurance products is starting to reap rewards, although its BT Financial Group reported a 10% fall in profit to $653 million for the year to…
Customers wary of advisers, research shows
05 November 2012
Consumers have limited awareness of what financial advisers do or the value they provide, research for the Association of Financial Advisers has revealed…
Trustees hear advice on insurance frameworks
05 November 2012
The Australian Prudential Regulation Authority has warned super trustees it will treat each insurance framework application on its own merits…
Move from adviser to owner is key to going solo
05 November 2012
Becoming a business owner rather than simply an adviser is one of the hardest lessons of setting up a practice, according to G Financial director Michael Grammatico…
Nowak steps up as new AFA Chairman
05 November 2012
Association of Financial Advisers Queensland director Michael Nowak has been elected President to succeed Brad Fox…
FPA hails ‘great moment for financial planning’
05 November 2012
The Financial Planning Association has welcomed a decision by the International Organisation of Securities Commissions to approve the Financial Planning Standards Board as an affiliate member…
AFA picks its best and brightest
05 November 2012
Queensland financial planner Olivia Maragna has been awarded the Association of Financial Advisers’ Adviser of the Year award…