Boutique advisers threatened by FOFA
27 June 2011
Australia’s largest dealer group, Professional Investment Services, says banning life insurance commissions will impact many boutique licensees and may even threaten their survival…
Life Insurance
Mixed results for life industry in 2010 second half
20 June 2011
The Australian life insurance industry faced a tough final six months last year, with falling premiums and rising claims…
Consumers want payment choice – AFA research
20 June 2011
The Association of Financial Advisers has continued its attack on the Federal Government’s financial reforms program, with research saying people want to decide how they pay for advice…
Guardian the latest to join AFA program
20 June 2011
Guardian Financial Planning has become the latest dealer group to join the Association of Financial Advisers’ Licensee Partnership Program…
Macquarie Life hits $100 million premium target
20 June 2011
Macquarie Life’s annual inforce premiums have exceeded $100 million for the first time…
Life industry in good shape
14 June 2011
Life insurance net premiums have continued to grow during the 12 months ending March this year…
Direct life sales up 50%, says Rice Warner
14 June 2011
Direct life insurance sales have grown by 50% during the last three years, according to a new report by Rice Warner Actuaries…
FOFA: Later start for proposed commission ban
14 June 2011
The ban on life insurance commission within superannuation is now proposed to start on July 1, 2013…
FOFA: Life industry prepares to deal with opt-in
14 June 2011
Advisers and life insurance companies are not expecting the Government’s proposed opt-in proposal to cause too many problems…
FOFA: Asteron helps advisers with their lobbying
14 June 2011
Asteron has put together a pack for financial advisers to help them lobby MPs against some of the Future of Financial Advice reforms…
Zurich Life sells research house
14 June 2011
Zurich Life & Investments Australia has sold its research house Lonsec to a new company, Financial Research Holdings, for an undisclosed sum…
AFA attacks Shorten over industry funds’ FOFA input
06 June 2011
A war of words has broken out between the Association of Financial Advisers and Assistant Treasurer Bill Shorten…
Nobody interested in life insurance
06 June 2011
In the first week of the Financial Planning Association’s “Ask an Expert” advice service, only one question on life insurance was received…
Union wants volume sales commissions stopped
06 June 2011
The Finance Sector Union is calling for its members to stop pushing products like life insurance and concentrate on customer service…
Choice keeps up attack on commissions
30 May 2011
Consumer advocate Choice is supporting Financial Planning Week but has continued its attack on commission payments…
Opt-in makes advice cheaper, say industry funds
30 May 2011
Consumers could be paying more for advice if the Federal Government opt-in proposal in the Future of Financial Advice reforms is blocked…
Christchurch life claims reach $NZ12.5 million
30 May 2011
The cost of the Christchurch earthquake for the life insurance industry has been put at $NZ12.5 million ($9.5 million)…
Government allows TPD deductions
30 May 2011
Superannuation funds will be allowed to claim a percentage of certain total and permanent disability premiums as tax deductions…
Advisers drive Macquarie Life changes
30 May 2011
Macquarie Life has merged its Super Protector and FutureWise products after adviser feedback…
Praemium signs up Tower for its platforms
30 May 2011
Tower Australia has become the first life insurance provider to the Praemium investment platforms…