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Life Insurance

Institutes outline merger details

10 May 2005

The Securities Institute of Australia and the Australasian Institute of Banking and Finance have released a member information package outlining details of their proposed merger…

FPA budget woes looking up

03 May 2005

Recent financial results indicate the FPA is on the rebound from a period of financial hardship…

FCRs challenge insurers

27 April 2005

The board of HIH would have benefitted from a new type of report that sets out to ensure insurance companies are compliant with financial measures…

FICS members take challenges to court

27 April 2005

The Financial Industry Complaints Service plans to change some of its rules regarding members’ legal challenges after its professional indemnity insurer refused to pay…

More bagging for Virgin’s super fund

19 April 2005

Only a week after the Financial Planning Association said Sir Richard Branson’s new super fund does not “reflect the reality of the regulatory requirements”…

IFSA and MHCA address mental illness

19 April 2005

People with mental illnesses will have less difficulty attaining life insurance cover if collaboration between the life insurance industry and the health sector achieves its aims…

SIA and AIBF may join forces

12 April 2005

The Securities Institute of Australia and the Australasian Institute of Banking and Finance are planning to merge, with a vote expected later this year…

ASIC goes super shadow shopping

05 April 2005

ASIC is about to embark on one of its famous “shadow shopping” exercises to assess the advice advisers are giving their clients…

Low super awareness triggers campaign

30 March 2005

While more than half a million Australians took up the Federal Government’s Superannuation Co-contribution Scheme last financial year, many remain unaware of their eligibility…

Costly exit for many old super accounts

30 March 2005

At least 550,000 Australians face significant termination fees on superannuation accounts purchased in the 1980s and 1990s according to ASIC…

Not such a super choice, says ASFA

15 March 2005

The Federal Government’s superannuation choice scheme takes force on July 1, but still faces significant criticism from superannuation figureheads…

NAB calls for more super investment, less tax

15 March 2005

National Australia Bank says Australians aren’t putting away enough money for their retirements, and they are confused by the complexity of products available…

Government bypasses state super laws

15 March 2005

The Federal Government says it will over-ride state industrial legislation by applying the new choice of super fund to workers under state awards…

IFRS discussion paper released

08 March 2005

APRA has released the first of two discussion papers on its response to the implementation of the new International Financial Reporting Standards…

Life insurance to grow due to underinsurance

01 March 2005

The outlook for Australia’s life insurance sector is improving due to the level of underinsurance among the population, according to a report released by analysts Moody’s…