Companies ‘ill-prepared’ for global reporting system
08 April 2003
More than 90% of Australian financial institutions taking part in a survey say they approve of the adoption of International Financial Reporting Standards…
Life Insurance
Financial services priming the national pump
08 April 2003
The financial services sector will grow by 8% a year until 2012, according to market researcher Dexx&R…
IFSA lashes out at ALP’s governance policy
01 April 2003
The Investment and Financial Services Association has come out fighting against the Federal Opposition’s policy that would require fund managers and super trustees to disclose…
Life insurers in for a tough year
01 April 2003
The outlook for the life insurance industry in Australia and NZ is “volatile”, according to ratings agency Standard & Poor’s…
Pension funds under weather
01 April 2003
Up to 30% of defined-benefit super funds are concerned they won’t be able to stay in business because of increasingly poor investment markets cutting into their solvency…
ATO warns on foreign life insurance plan
01 April 2003
The tax office has warned investors to be wary of tax schemes involving life insurance companies based in foreign tax havens…
Super choice bill on hold
25 March 2003
The Australian superannuation industry is making some noise again over the Government’s pending “choice bill” which will allow people to switch between super funds more easily…
Financial planners bite back
18 March 2003
The Financial Planning Association has gone into damage control mode after ASIC and the Australian Consumers Association released their less-than-kind results…
Life insurers join forces with mental health forces
18 March 2003
A memorandum of understanding has been signed between the Investment & Financial Services Association and a group called the Mental Health Sector Stakeholders…
Super dispute conciliations on the rise
11 March 2003
The Superannuation Complaints Tribunal’s quarterly report has revealed a strong growth in its conciliation figures…
Lumley Life named Risk Company of the Year
04 March 2003
Lumley Life has been named “Risk Company of the Year” by Money Management Magazine…
Survey prompts further complaints
18 February 2003
Last week’s bucketing of Australia’s financial planners has brought a whole lot more complaints out of the woodwork…
The survey from hell: the official view
18 February 2003
Last week’s official announcement of the joint ASIC/ACA financial planners survey tested the quality of advice provided by financial planners…
IFSA sticks to the ‘fair go’ line
18 February 2003
It was a bad week for IFSA Chief Executive Richard Gilbert, who was forced to defend what seemed indefensible…
NZ advisers face the disclosure conundrum
18 February 2003
New Zealand financial planners mightn’t be any better than their Australian cousins, according to business commentator Mark Fryer…
Choice canes financial planners
04 February 2003
Consumer magazine Choice has warned consumers to be wary when it comes to the quality of advice provided by financial planners…
Super assets continue to decline
04 February 2003
Superannuation assets continued to fall in the September quarter, according to APRA…
Batchelor leaves AMP, Mohl enters
17 December 2002
The dismal performance of AMP’s local and overseas business raised questions of who was to blame, and inevitably all eyes turned on CEO Paul Batchelor…
AMP slashes more jobs to rescue troubled UK market
10 December 2002
AMP has slashed another 2000 jobs, mainly from its European operations, as its shares continue to dive and the company looks sure to deliver further significant losses for the year…
Tower Group losses mount pressure for change
10 December 2002
Financial services group Tower is reeling from the company’s huge losses, with its Chairman Colin Beyer making sure everyone knows who he thinks is to blame: former CEO James Boonzaier…