Life insurers ‘aren’t keeping up with medical advances’
31 October 2011
Medical advances are powering ahead and life insurance definitions aren’t keeping up, says specialist consultant physician John Cummins…
Life Insurance
FOFA will kill small practices, AFA conference told
24 October 2011
Many small financial planning practices will fail after the Future of Financial Advice legislation is introduced, Bridges Financial Services CEO Michael Carter has warned…
We didn’t model FOFA costs, says Treasury
24 October 2011
A Federal Treasury official has admitted that no modelling has been undertaken on the implementation costs of the Future of Financial Advice reforms…
Reform is inevitable, says Ripoll
24 October 2011
If the Future of Financial Advice bill stalls or fails to become law, federal MP Bernie Ripoll believes the reforms will still happen…
Australians willing to buy life insurance at the right price
24 October 2011
Australians are concerned about their economic future and are now looking to buy life insurance if the price is right…
Insurance service fee proposed for group life
24 October 2011
A body representing advisers working in corporate superannuation wants to charge a life insurance service fee…
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…
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…