NZ forms its own financial services council
12 March 2012
The New Zealand Investment Savings and Insurance Association is to become the Financial Services Council of New Zealand (FSCNZ) from tomorrow…
Life Insurance
No evidence churning is happening
12 March 2012
The lack of data on the “churning” of life insurance business raises questions about legislating against the practice, a life insurance dealer group director says…
MLC upgrades online systems
12 March 2012
MLC has made 35 updates to its Riskfirst and Illustrator technology to help advisers write more life insurance business…
Call for more flexible life insurance in MySuper
12 March 2012
Mercer Partner David Knox has called for more flexibility in life insurance provided to members of the proposed MySuper funds…
Shadow shopper survey for life industry
05 March 2012
A “shadow shopper” survey of life insurance advice has been recommended by a parliamentary committee looking at the Future of Financial Advice reforms…
Accountants key to more SMSF life sales
05 March 2012
Life advisers should be building strategic relationships with accountants to win more self-managed superannuation fund business…
AIA offers group policies for SMSFs
05 March 2012
AIA Australia has joined with Sydney-based third-party insurance administrator Australian Group Insurance to tackle the lack of life insurance in self-managed superannuation funds…
Coalition says what’s wrong with FOFA
05 March 2012
Future of Financial Advice proposals will unnecessarily increase red tape while increasing the cost of financial advice, according to Federal Opposition members of the parliamentary joint committee…
Industry disappointed with PJC report
05 March 2012
Financial services industry bodies have expressed their disappointment at the Parliamentary Joint Committee report supporting the Future of Financial Advice bills…
CommInsure picks up Tasmanian business
05 March 2012
CommInsure has won a life insurance mandate from Tasmanian-based Retirements Benefits Fund…
FPA maintains push for life commissions
27 February 2012
The Financial Planning Association has called on the Federal Government to amend the definition of group life insurance in superannuation to allow commissions to be paid on advice to individual…
ASIC shopper report impact ‘might be bigger than FOFA’
27 February 2012
The results of the Australian Securities and Investments Commission’s “shadow shopper” report might have greater implications for the financial services industry than the proposed Future of Financial…
Suncorp Life rides investment wave
27 February 2012
Suncorp Life was the star performer in the group’s half-year financials, lodging a 118% increase in net profit after tax to $133 million…
‘Good’ half-year results from ClearView
27 February 2012
ClearView has reported a 316% increase in net profit after tax to $12.2 million for the six months ending December 31…
Asteron pushes for bigger market share
27 February 2012
Asteron is hoping to attract more advisers to sell its life insurance as a result of launching a simplified product…
CommInsure loses two senior managers
27 February 2012
CommInsure has confirmed that it has lost both its Victorian state manager as well as its CFO…
Strong year-end results for AIA
27 February 2012
AIA group has reported a 40% increase in new business to $US932 million ($868 million) for the 12 months ending November 30…
TAL named top life company
27 February 2012
TAL has been named top life company in the Association of Financial Advisers/Plan For Life awards…
New SOA software for dealer group
27 February 2012
Financial Services Partners has introduced a number of improvements to its Xplan software to deliver more comprehensive written advice to clients…
Life insurance growth will continue: Brogden
20 February 2012
The life insurance sector will continue to grow despite gloomy forecasts for the global economy, according to Financial Services Council CEO John Brogden…