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…
Life Insurance
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…
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…