Super funds bigger than ever
26 April 2006
Australian superannuation members now have 66.2% more assets on average than they did a decade ago, according to the latest edition of the Annual Superannuation Bulletin…
Life Insurance
Future fund for super liabilities
26 April 2006
Suncorp CEO John Mulcahy has been appointed to the board of the Future Fund, which has been set up by the Federal Government to meet unfunded superannuation liabilities…
Westpoint will raise complaints toll
19 April 2006
The Financial Industry Complaints Service expects an increase in complaints against financial advisers after the recent Westpoint case and a regulator’s report showing…
Axa says its advisers are clean
19 April 2006
Axa Asia Pacific CEO Les Owen says it is unlikely financial advisers associated with his company will be caught up in the ASIC investigation covering the financial services industry…
Super assets now past $800 billion
19 April 2006
The Australian superannuation industry has been experiencing the greatest period of asset growth ever, with superannuation assets now passing the $800 billion mark…
ASIC planner survey makes waves
11 April 2006
ASIC’s shadow shopping survey on superannuation advice shows that planners have improved their performance in the past couple of years, but more improvement is needed…
Westpoint directors feel the freeze
11 April 2006
The assets of four Westpoint directors will remain frozen until at least tomorrow when the Perth Federal Court holds another hearing into the failed mezzanine project…
Finsia reports $1 million surplus
04 April 2006
The Financial Services Institute of Australasia has reported a $1 million surplus for last year and achieved a record 30% increase in new members…
Aviva posts 31% profit boost
04 April 2006
Local life insurer Aviva has recorded a 31% lift in its 2005 pre-tax profit, up to $160 million from $122 million…
Bird flu to hit life insurers hardest
04 April 2006
Life insurers and their reinsurers are most likely to be the hardest hit by a bird flu pandemic, but it is unlikely there will be widespread downgrades to the life, general or reinsurance…
FPA puts spotlight on Westpoint
28 March 2006
The Financial Planning Association has begun its own investigation into 23 complaints received against FPA members linked with the Westpoint collapse…
AFA concern over 'fee for service' model
21 March 2006
The Association of Financial Advisers is concerned about calls for the introduction of a fee for service structure, saying it could do more harm than good for consumers…
Westpoint now affecting PI premiums
21 March 2006
While premiums for professional indemnity insurance for financial planners may have dropped in the past 12 months, the recent developments in the Westpoint collapse…
FPA announces new CEO
14 March 2006
The peak body supporting financial planners, the Financial Planning Association, has appointed the former Deputy CEO of the Investment and Financial Services Association…
ACCC extends genetic testing ban
14 March 2006
The Australian Competition and Consumer Commission has extended for a further five years its ban on life insurers requiring customers to be genetically tested…
Westpoint actions stir FPA
14 March 2006
While as many as 4000 investors lost up to $300 million in the Westpoint Corporation collapse, the Financial Planners Association has only received 10 complaints about members…
Retirement gap still wide
14 March 2006
The average employee retires about $93,000 short of what their lifestyle requires, according to new IFSA research…
New FPA principles drive higher standards
07 March 2006
The Financial Planning Association has released new principles for managing conflicts of interest to mark what it calls the “beginning of a new relationship” between…
FPA farewells CEO
07 March 2006
The FPA farewelled CEO Kerrie Kelly yesterday, and announced her short-term replacement, COO Andrew Miles…
FPA acts on dodgy planners
28 February 2006
The Financial Planning Association is setting out to differentiate its members from other planners…