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Life Insurance

New blood for IFSA

06 March 2007

The Investment and Financial Services Association has appointed two new members to its 14-person board…

FPA pushes into risk business

27 February 2007

The Financial Planning Association has launched a new risk sub-committee to ensure that financial planning advice does not exclude business and life insurance risks…

… and bares its teeth

27 February 2007

The FPA has expelled one member and fined another over their advice to investors in the failed Westpoint property group…

Victorian firm faces Westpoint music

20 February 2007

A boutique Victorian financial planning firm is the third of what could be many to face court over advice to invest in the failed Westpoint property group…

AMP reviews not so super advice

20 February 2007

AMP has extended an olive branch to 35,000 clients by offering reviews of possibly tainted superannuation advice under changes designed to appease the corporate watchdog…

Super CEO resigns

20 February 2007

The head of Australia’s superannuation lobby group, Association of Superannuation Funds of Australia CEO Philippa Smith, has resigned…

FPA aims for recruitment success

13 February 2007

The FPA has moved into the recruitment sector by launching a website facility for employers and job seekers in the financial planning industry…

FICS wants to be an ombudsman

06 February 2007

The Financial Industry Complaints Service is contemplating a name change as part of a push to highlight its independence, and spokesman Troy Hunter says the organisation is…

Zurich No 1 for life risk

06 February 2007

Financial advisers have named Zurich Financial Services Australia the best provider of life risks in the country for the third consecutive year, but competition between providers is tighter…

Code gets clean bill of health

30 January 2007

Despite harsh criticism from ASIC and just about everyone else over the behaviour of some financial planners, a review of the planners’ code of practice is showing plenty of improvement…

FPA considers regulation possibilities

30 January 2007

The FPA has submitted its response to the Federal Government’s planned overhaul of financial services regulation. Parliamentary Secretary to the Treasurer Chris Pearce released an options paper in November, detailing possible changes to legislation…

Communication vital, Pearce tells planners

28 November 2006

The future of the financial planning industry lies in the value of advice provided and how advisers communicate with consumers, according to Parliamentary Secretary to the Treasurer…

Valued advice proves a winner

28 November 2006

Financial planners have celebrated the best of their own with the FPA inaugural Value of Advice Awards…

Life insurance statistics boom

21 November 2006

The Australian Prudential Regulation Authority has released the Life Office Market Report, which covers the life insurance sector…

FPA cautious on compulsory PI

14 November 2006

The Financial Planning Association of Australia is cautiously reviewing moves by the Federal Government to make professional indemnity insurance compulsory for financial planners…

FPA wants co-regulatory model

07 November 2006

The Financial Planning Association says the regulatory system for financial planners in Australia should be a co-regulatory model…