GPG sells stake in Tower Australia
11 August 2008
Japanese life insurer Dai-ichi Mutual Life Insurance Company made its first foray into the Australian insurance market last week acquiring a 29.7% stake in Tower Australia...
Life Insurance
Baby boomers short of super
11 August 2008
Australia’s baby boomers aren’t properly prepared for the financial demands of life beyond retirement, a new study has found...
ASIC outlines response to financial market turmoil
11 August 2008
The Australian Securities and Investments Commission has revealed a five-point agenda to respond to current investment market turmoil...
ANZIIF forms life and super advisory committee
04 August 2008
The Australian and New Zealand Institute of Insurance and Finance has launched an advisory committee to support professional development in the life insurance and super industry...
Aviva Australia new business up, inflows down
04 August 2008
Aviva Australia has reported increased new business in the second quarter, despite a 49% first-half dip in net fund inflows...
Axa makes two senior appointments in Asia
04 August 2008
Axa Asia Pacific has appointed two senior executives to its Asia Life team...
Aussies fail the financial health test
28 July 2008
Prudent risk control isn’t a strong suit among everyday Australians, a report by the Commonwealth Bank reveals...
NZ qualification may link with Australia’s
28 July 2008
NZ’s first national qualification for the financial services sector is likely to be recognised in Australia...
Finsia seeks young financial talent
28 July 2008
The Financial Services Institute of Australasia is stepping up efforts to attract new talent to the financial services industry...
Lawyers attack ‘inconsistent’ group life decisions
28 July 2008
Lawyers have criticised group life insurance policy terms as inconsistent following contrary judgements in Australian courts...
FPA urges caution as super funds erode
28 July 2008
With superannuation funds starting to erode for the first time in years, the Financial Planning Association has urged fund customers not to panic...
FPA: financial services reform demands change to legislation
21 July 2008
The FPA has called on the Federal Government to amend legislation to reduce the cost and complexity of financial advice...
Short form disclosure statements released
21 July 2008
The Federal Government has taken a small step toward its goal of eliminating red tape in the financial services sector by releasing a short form disclosure template...
Super dominates the life business
21 July 2008
Superannuation business continues to dominate the life insurance market, with APRA’s latest statistics showing super accounted for 90.6% of policy payments during the March quarter…
Give us a break, say financial planners
14 July 2008
The Financial Planning Association has called for an end to the negative portrayal of the industry that it says is promulgated through government policy and the media...
Sherry slams industry over lengthy disclosure
14 July 2008
Superannuation Minister Nick Sherry has attacked the financial services industry saying it has failed to simplify disclosure documents for consumers...
Shortage of financial planners in SA ‘severe’
14 July 2008
South Australia is experiencing a talent crisis, with financial planner vacancies at an all-time high...
Report: financial sector talent fading away?
07 July 2008
Australia’s bid for recognition as an Asia-Pacific financial hub is losing ground as the financial sector finds itself in need of 40% more skilled staff, according to a report…
FPA under attack over PI kickbacks
07 July 2008
The Financial Planning Association has come under fire over alleged kickbacks it will receive on its professional indemnity insurance scheme...
… and faces second front over commissions
07 July 2008
Commissions in the financial services industry must be banned, says a former FPA chairman...