CBA settles more Storm claims
13 September 2010
The Commonwealth Bank has now settled more than 900 of the outstanding 1120 claims lodged with plaintiff law firm Slater & Gordon over the collapse of dealer group Storm Financial…
Life Insurance
Zurich launches new sales kit
13 September 2010
Zurich has launched a kit to help life insurance advisers target the medical professions…
AIA goes online for group insurance
13 September 2010
AIA has introduced its online life insurance application tool into the group insurance market…
ING and Zurich top life tables
06 September 2010
ING Life and Zurich have been jointly given Cannex’s “outstanding value” award in its latest life insurance report for their products and pricing…
Helping the move to fee pricing
06 September 2010
The Association of Financial Advisers will be running seminars for advisers on how to work towards fee-for-advice pricing…
Macquarie Life grows despite profit warning
06 September 2010
Macquarie Group says its financial services businesses are continuing to expand, despite the bank issuing a profit warning to the Australian Securities Exchange today…
AFA group to examine reforms
30 August 2010
The Association of Financial Advisers has formed a group to look at the implications of the various proposed legislative reforms of the financial services industry…
Commissions not the main problem: CommInsure
30 August 2010
Governments need to understand commissions are more than just a payment, says CommInsure GM Retail Advice Tim Browne…
Platforms play increasing role in life cover
30 August 2010
The imminent decision by the Australian Competition and Consumer Commission on the NAB/Axa merger plan will have implications on the distribution of life insurance…
ClearView wants to grow life business
30 August 2010
Second-tier life insurer ClearView Wealth has reported a net profit after tax of $8 million for the financial year ending June 30…
Banning commissions ‘devastating’
23 August 2010
The future of life insurance commissions being paid to advisers remains uncertain with the current hung parliament.…
Strong demand for life insurance staff
23 August 2010
Demand for sales and distribution staff in the life insurance industry is booming, according to recruiter Profusion Group…
AMP’s life earnings down 12%
23 August 2010
AMP’s life insurance business saw earnings fall 12% to $73 million for the six months ending June 30…
FOS offers ‘eLearning’ courses
23 August 2010
The Financial Ombudsman Service has introduced a series of free “eLearning” tools to promote members’ understanding of its dispute resolution processes…
FSC moves to boost consumer confidence
16 August 2010
The Financial Services Council has launched a “trustmark” to help consumers identify quality financial products and services…
Group insurance growing fast
16 August 2010
The group life insurance market will grow between 60% to 100% during the next five years, says MLC Insurance Executive GM Andrew Hagger…
Underinsurance market valued at $1.37 trillion
16 August 2010
Underinsurance in the life insurance market is now estimated to be $1.37 trillion, according to Metlife CEO Marc Lieberman…
AIA picks up former Aviva CEO
16 August 2010
Former Aviva Australia CEO Allan Griffiths has joined the AIA Australian board as a director…
FSC turns to bloggers for insurance campaign
16 August 2010
Financial Services Council has launched a social media campaign highlighting the risks of underinsurance in life products…
Commissions just one of the main issues
09 August 2010
The Association of Financial Advisers will continue to push the Federal Government to focus on both commissions and the lack of insurance cover…