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…
Life Insurance
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…
AXA extends Les Owen’s contract
10 December 2002
The board at Axa Asia Pacific has agreed to extend the contract of CEO Les Owen by two years…
Job survey finds financial services in demand
26 November 2002
Jobs in accounting and financial services are expected to experience the strongest demand in the next quarter, according to the latest quarterly TMP Worldwide Job Index…
“Harder, sharper”: AMP boss cuts 1200 jobs
19 November 2002
AMP’s newly appointed chief executive Andrew Mohl is continuing on his cutting way as he tries to stem losses at the giant company…
IFSA wants reform of money-laundering laws
05 November 2002
The Investment and Financial Services Association wants the Federal Government to enact reforms to deter money-laundering and help identify illegal transactions…
Super funds’ internal controls need monitoring
05 November 2002
Superannuation funds need stronger risk management and better monitoring of their internal controls, according to a survey…
S&P raises AMP’s financial rating
29 October 2002
Standard & Poor’s raised the A- short-term counterparty credit ratings on AMP to A and removed the company from CreditWatch positive, where it was placed in September…
Life insurers will pay “legitimate” claims for Bali attack
22 October 2002
Life insurers will pay legitimate claims in life insurance policies linked to the Bali bombings, despite terrorism exclusions…
Super tax review? Maybe…
15 October 2002
The Federal Government will review the amount of tax it is ripping out of superannuation, but don’t expect any early redress…
Australia leads region in fin services
15 October 2002
More than 40% of Australia’s 112,000 overseas tertiary students studying at Australian universities are undertaking studies related to financial services disciplines…