New Bill to ensure ‘safer super’
02 December 2003
The Federal Government is pushing ahead with legislation which it says will increase consumer protection on superannuation products…
Life Insurance
… and tweaks aren’t going to happen
02 December 2003
The financial services industry is supporting the Superannuation Safety Amendment Bill, even though ASIC has reportedly stomped on any chance of “tweaking”…
SA life policyholders slugged 500%
02 December 2003
The South Australian Government has found a new insurance tax lurk, this time with life insurance…
Labor’s super policy welcomed
18 November 2003
The Australian Labor Party’s plan to simplify the superannuation system has largely been welcomed by the financial services sector…
Owen joins Financial Sector Advisory Council
11 November 2003
Axa Asia-Pacific CEO Les Owen and Axiss Australia Executive GM David Kent and have been appointed to the Financial Sector Advisory Council…
Life premiums drop
04 November 2003
APRA’s latest life insurance statistics show premiums dropped by almost 9% to $37.5 billion for the quarter ending June…
IFSA sets savings as a priority
28 October 2003
A new “climate and culture” is needed to solve customer service expectations and close the $600 billion retirement savings shortfall, says Investment and Financial Services Association…
AMP is still market leader
30 September 2003
Some good news for a change for AMP CEO Andrew Mohl…
Planners, risk and their advice: a major problem
23 September 2003
Financial planners have been warned to obtain advice about any obligations regarding the quality of the financial advice they give…
AMP’s $1.2 billion capital raising
09 September 2003
After a turbulent few months, AMP is planning a $1.2 billion rights issue to help bolster its Australian operations before it splits from its troubled British business…
Life insurance for diabetics
09 September 2003
Diabetes Australia has secured a new life insurance deal for people suffering from the disease…
Tool kit to boost planners’ standards
09 September 2003
In a bid to raise the standard of professionalism and advice in the financial planning industry, the industry’s peak association has released a tool kit covering relationships…
MLC kicks off the award season
02 September 2003
It’s insurance awards time. NIBA is polling brokers for its annual “General Insurer of the Year” and Warren Tickle awards which will be awarded at next month’s convention…
Industry falls below expectations
19 August 2003
General insurance may be booming, but its life and investment cousins are finding the going tougher…
Fee disclosure model released
12 August 2003
The drive to raise the financial planning sector’s transparency is well under way, with ASIC devising a model for more open fee disclosure and the major trade associations…
Disclosure is a hot ASIC issue
12 August 2003
The ASIC fee disclosure model for Product Disclosure Statements of investment products says “significant fees” should be disclosed so they can be understood by investors…
PI blues hit financial planners
12 August 2003
Rising professional indemnity premiums are impacting fees and forcing some operators out of the market…
Planners to get degrees by 2007
05 August 2003
From the beginning of 2007 members of the Financial Planning Association will have to have a university degree or equivalent to be certified financial planners…
Life insurance sales fall
05 August 2003
Life premiums during the first quarter of the year were down nearly 20% on last year’s figure, according to APRA…
AFA fired up over life insurance
22 July 2003
As we pointed out a few weeks ago, the Australian Consumers Association isn’t always right…