Australians still not covering their needs
24 October 2011
The mortality protection gap in Australia has grown from $540 billion in 2000 to $972 billion in 2010, according to Swiss Re…
Life Insurance
More support staff for MLC advisers
24 October 2011
MLC has created another support team – licensee relationship managers – for its aligned adviser network…
Count takeover timetable approved
24 October 2011
The NSW Supreme Court has approved the timetable for the Count Financial takeover by Commonwealth Bank…
First FOFA bill slammed… and there’s more to come
17 October 2011
The Federal Government will be introducing the Future of Financial Advice legislation in stages…
Life business keeps growing
17 October 2011
The total life insurance market grew by 10% during the 2011 financial year, according to the latest figures from Plan For Life…
Strong Asian markets boost AIA sales
17 October 2011
AIA Group has reported a 53% jump in new business to $US245 million ($237 million) for its third quarter ending August 31…
AMP promotes Storrie to CFO
17 October 2011
Colin Storrie, currently Deputy CFO and Group Treasurer at AMP, has been appointed as the group’s new CFO from January 1. Mr Storrie will replace retiring CFO Paul Leaming…
Centrepoint drops PIS founder
17 October 2011
Professional Investment Services founder Robbie Bennetts has been dropped from his consultancy agreement with Centrepoint Alliance…
Early success for FPA media campaign
10 October 2011
The Financial Planning Association is claiming success with its $2 million national advertising campaign, despite it only being three weeks old…
Life insurers must meet customer expectations to survive
10 October 2011
Life insurers have been warned against ignoring “one of the greatest challenges facing the industry” – higher customer expectations…
New-look Guardian plans to grow
10 October 2011
Guardian Financial Planning has been rebranded to Guardian Advice as part of a strategic review of the group…
Call for more scaled advice topics
03 October 2011
Scaled advice should be allowed across all areas of the financial services industry, the Australian Institute of Superannuation Trustees says in its submission on the topic…
Good year for Fidelity Life
03 October 2011
Fidelity Life has reported a record after-tax profit of $NZ18.3 million ($14.5 million) for the year ending June 30…
Flexible insurance in Bendigo’s super moves
03 October 2011
Advisers will be able to transfer life insurance when moving clients into Bendigo Wealth’s new low-cost superannuation product…
Guardian helps advisers with life paperwork
03 October 2011
Guardian Financial Planning is offering free life insurance statements of advice to its advisers to help them deal with the Future of Financial Advice reforms…
Zurich scraps reports on death cover
03 October 2011
Zurich Financial Services has scrapped compulsory personal medical attendant reports on a number of its life, total and permanent disability and income protection policies…
Faster polices from MLC
03 October 2011
MLC is planning to cut turnaround times on new business by up to 70% when a new range of insurance products are launched in the middle of next month…
Opt-in will cost industry jobs, warns Asteron
26 September 2011
Suncorp-owned life insurer Asteron has warned the cost of opt-in will add significantly to the cost of running advisers’ practices and will force some out of business…
Insurance concerns over Stronger Super proposals
26 September 2011
Concerns are being raised over the Federal Government’s proposal to compulsorily consolidate superannuation accounts under $1000, with advisers saying it will result in members losing…
Head of Suncorp Life Risk role confirmed
26 September 2011
Suncorp Life has confirmed the appointment of Sean Carroll as Executive GM for Life Risk Australia, based in Sydney…