Tower enhances life portfolio
13 September 2005
New Zealand-based insurer Tower has paid nearly $NZ23 million for a significant holding in Sydney-based insurance direct marketer InsuranceLine…
Life Insurance
ASIC officer ‘doesn’t trust’ financial planners
30 August 2005
Sharman Grant, ASIC’s Assistant Director of Compliance and intermediaries, has been reported by a personal investment industry publication allegedly calling…
… While planners try to win over the public
30 August 2005
The financial planners’ representative body, the Financial Planning Association, is close to launching a three-year advertising campaign aimed at overcoming…
IFSA attacks accountants’ free run
23 August 2005
The Investment and Financial Services Association is becoming increasingly upset with what it sees as an unfair regulatory burden being faced by the superannuation funds…
FPA lashes out at ASIC’s comments
16 August 2005
The Financial Planning Association has been in overdrive since the Australian Securities and Investments Commission released the findings of its super switching survey…
ASIC super switching report puts spotlight on financial planners
09 August 2005
Financial planning advice over super fund switching has been riddled with incorrect conduct and disclosure falling short of the compliance requirements…
Massive life insurance gap revealed: IFSA
09 August 2005
There’s a $1370 billion gap between the level of life insurance cover held by Australian families and the level of cover required to shield against financial risk…
AMP’s stake in India’s life insurance sector sold
02 August 2005
India is supposed to be one of the “Asian tiger” economies that everyone’s trying to break into…
IFSA acts to fix money laundering
26 July 2005
The Investment and Financial Services Association (IFSA) has signalled its approval of discussions to improve anti-money laundering regimes…
FPA on super savings for under-40s
26 July 2005
The Financial Planning Association’s Superannuation Committee is developing a submission to a parliamentary economics committee inquiry into the superannuation savings of people…
Surcharge abolition bolsters faith in super
19 July 2005
Ordinary Australians are regaining their faith in superannuation as a retirement savings tool after the removal of the super surcharge…
APRA statistics show super growth strong
19 July 2005
Superannuation assets rose 2.4% in the March quarter to $710 billion, according to APRA…
Super choice makes its debut
05 July 2005
Super Choice – the regime that will allow millions more Australians to choose their own superannuation schemes – finally came into action on Friday…
SIA and AIBF members vote in favour of merger
05 July 2005
A unity between the Securities Institute of Australia (SIA) and the Australasian Institute of Banking and Finance is now a firm reality, with members voting unanimously…
Life industry is going strong, says S&P
28 June 2005
The fundamentals of the Australian life insurance industry were strong last year, and they are likely to stay strong for most of this year, according to the latest Standard & Poor’s report…
ASIC advises planners on super switching
28 June 2005
ASIC has issued a guide to help planners and advisers comply with the Corporations Act when they give personal advice about switching super funds…
Brough cuts six-month wait for super rollovers
21 June 2005
With the start date of the Super Choice regime only weeks away, Federal Assistant Treasurer Mal Brough has cut the six-month waiting period some fund members…
ASFA calls for end to super surcharge
21 June 2005
The Association of Superannuation Funds of Australia has called for an end to the additional super contributions tax imposed on middle to high-income earners…
Ads pulled as super debate rages on
15 June 2005
A series of ads by the Industry Fund Services have had to undergo amendments after ASIC decided they are likely to mislead or deceive audiences…
Aon wins super tender for law firm
15 June 2005
Aon Australia has won a $30 million contract to undertake superannuation administration, outsourcing, consulting and insurance services for law firm Minter Ellison…