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…
Life Insurance
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…
FPA slams double standards on commissions
23 May 2011
The Financial Planning Association has called on the Federal Government to create a “level playing field” for commissions paid on insurance sold through superannuation…
AMP and Axa life insurance to remain for now
23 May 2011
The life businesses of AMP and Axa will continue to run separately for the next couple of years…
Insurance included in financial planning week
23 May 2011
The Financial Planning Association will be promoting general insurance as part of its Financial Planning Week, which began yesterday…
Scor Life opens in Australia
23 May 2011
Scor Global Life has opened a Sydney office to offer reinsurance for the Australian life insurance market…
Life advisers angered over superannuation commissions ruling
16 May 2011
Financial Services Minister Bill Shorten’s office has confirmed that commissions, volume rebates and soft-dollar payments will still be allowed on general insurance products sold into…
AFA members continue the attack on FOFA
16 May 2011
The Association of Financial Advisers is continuing to attack the Federal Government’s Future of Financial Advice reforms with a new information pack for members…
Lapse rates a challenge for life industry
16 May 2011
Rising lapse rates for the Australian life insurance industry will impact profitability of the sector in the future, according to a new report by Credit Suisse…
Call for separate life insurance licence
16 May 2011
A dealer group has called for a separate licensing regime for advisers selling life insurance…
FOFA: Banks to dominate life industry
09 May 2011
Banks will come to dominate the life insurance industry as individual advisers lose clients through moving to the fee-based regime proposed by the Future of Financial Advice reforms…
FOFA: Survey confirms advisers’ opposition to bans
09 May 2011
Not surprisingly, most financial advisers are opposed to the ban on life insurance commission proposed by the Future of Financial Advice reforms…
MLC grows life insurance business
09 May 2011
MLC and NAB Wealth have reported a 7.7% rise in annual inforce life insurance premiums for the six months ending March 31 this year…
Axa starts the year with good premium growth
09 May 2011
AMP has released first-quarter life insurance inforce premiums inflows for Axa, showing growth of 5.4% to $722 million…
OnePath delivers strong first half
09 May 2011
ANZ’s OnePath life insurance business has reported 12% growth for inforce premiums for the six months ending March 31…
New name for Tower Australia
09 May 2011
Tower Australia has changed its name to TAL as the five-year agreement with Tower NZ on the use of the Tower brand moves closer to expiry…
FOFA: Industry attacks life commission ban
02 May 2011
The financial services industry has been unanimous in its condemnation of the Federal Government’s ban on life insurance commissions for products sold through superannuation…