ING wins $270 million QBE super mandate
23 February 2009
ING Australia has won the mandate to manage the $350 million default superannuation fund of QBE Australia...
Life Insurance
Tower boosts profit, faces year with optimism
16 February 2009
Life insurer Tower Australia lifted net profit 40.8% to $68.7 million in the year to September 30 last year...
Storm’s downpour continues
16 February 2009
Collapsed investment firm Storm Financial has refuted claims that there was no basis for a $2 million payment to the company’s founder...
FPA slams dissident financial planner…
16 February 2009
The FPA has written to members condemning the financial planner behind a recent advertising campaign that accuses the association of failing to protect clients...
…and cuts jobs
16 February 2009
The FPA is cutting six staff positions as public satisfaction with financial planners plummets and the financial crisis deepens...
Life insurance market set to double in next 15 years
09 February 2009
The Australian life insurance market is set to double in the next 15 years, according to market projections released by actuarial firm Rice Warner Actuaries...
Financial advisers weather Storm
09 February 2009
ASIC has obtained orders from the Supreme Court of Queensland to freeze a $2 million payment from investment firm Storm Financial to a bank account held by its founder...
… while FPA takes ‘offensive’ ad to court
09 February 2009
The FPA has launched a legal challenge to an independent financial services group’s advertising campaign which compares its CEO Jo-Anne Bloch to former US presidents Richard Nixon and Bill Clinton...
Tough times lift IT security threat from within
09 February 2009
Stressed employees are providing a big IT security concern in the financial services industry, according to a new global survey...
MLC slashes 120 jobs
02 February 2009
National Australia Bank’s wealth management arm MLC has cut 120 jobs, with the cuts expected to affect staff throughout the insurance and financial planning company...
Storm investors count their losses
02 February 2009
The Financial Ombudsman Service is likely to become involved in the collapse last month of north Queensland advisory firm Storm Financial...
ING appoints new head of life risk
02 February 2009
Long-serving insurance executive Gavin Pearce will take up the role of Director of Life Risk at ING Australia from mid-March...
Australian still smiling in face of crisis
15 December 2008
Australians working in financial services are still confident in their jobs despite growing economic uncertainty...
Government pushes financial literacy among Aboriginals
15 December 2008
The Federal Government wants to improve financial literacy among indigenous people...
Life sector urged to address scepticism
08 December 2008
The life insurance industry needs to work harder to overcome consumer scepticism, according to ING Life Risk...
ASIC bans adviser over Lithuania investment scam
08 December 2008
The Australian Securities and Investments Commission has banned a Queensland financial adviser from providing financial services for two years...
Financial crisis lowers satisfaction of advice
01 December 2008
The global financial crisis and downturn in the market has decreased people’s perception of the trustworthiness and reliability of some financial planners...
Axa sets advisers up in business
01 December 2008
Axa Financial Planning is offering planners $150,000 in capital as an incentive to run their own businesses under the Axa umbrella...
… and tinkers with group life product
01 December 2008
Axa Australia has unveiled an upgraded group insurance policy to provide flexibility in response to changing workforce needs...
Super in Australia ‘unfair and complex’
24 November 2008
Zurich has questioned the complexity of Australia’s superannuation rules following last year’s Better Super reforms...