Earnings plunge as AMP feels Hayne pain
13 August 2018
Scandal-hit AMP expects further fallout from the Hayne royal commission, which has exposed the group’s poor conduct and corporate deceit…
Life Insurance
Fee scandal payouts pass $250 million
13 August 2018
Customers caught in the fees-for-no-service scandal have been offered or paid $259.56 million in refunds and interest, according to the corporate regulator…
MetLife fills roles in growing retail team
13 August 2018
MetLife has expanded its retail sales team, making seven appointments across underwriting and relationship management roles…
CFO quits Centrepoint
13 August 2018
Centrepoint Alliance CFO John Cowan will leave in November after nearly four years with the company…
FPA announces keynote speaker
13 August 2018
American author and financial services expert Mitch Anthony will be a keynote speaker at the Financial Planning Association’s Professionals Congress in Sydney in November…
Opt-in reform may put 11% on premiums
06 August 2018
Premiums for insurance within superannuation could rise 11.1% due to proposed rule changes that will reduce the opportunity for cross-subsidisation by age, consultant Rice Warner says…
APRA consults on group cover standards
06 August 2018
The Australian Prudential Regulatory Authority is seeking feedback on the prudential framework covering insurance in superannuation, and whether it is fit for purpose…
Advisers urged to sign exam register
06 August 2018
Financial advisers must join the Australian Securities and Investments Commission’s existing provider register this year to avoid the Financial Adviser Standards and Ethics Authority exam, the regulator says…
FPA Awards open for nominations
06 August 2018
The Financial Planning Association is calling for nominations to its annual awards honouring advisers, paraplanners, university students and planning practices…
TAL hits road to reach advisers
06 August 2018
TAL’s adviser roadshow began in Adelaide last week and will continue across Australia before concluding in Wagga Wagga next month…
CommInsure introduces data dashboard
06 August 2018
CommInsure has developed a data analytics dashboard that it says helps group life insurance clients make faster and better decisions about cover…
Affinia helps licensees stick to rules
06 August 2018
Dealer group Affinia has introduced a support service to help Australian financial services licensees with compliance and other business requirements…
FSC invests in data reforms
30 July 2018
The Financial Services Council has established a project to improve the life insurance industry’s collection and analysis of aggregate data and design more efficient products…
ASIC to step up super scrutiny
30 July 2018
Superannuation funds can expect greater scrutiny from the Australian Securities and Investments Commission as it works to rebuild consumer trust in the financial system…
AMP allocates compo, compliance funds
30 July 2018
AMP has set aside $290 million for compensation to customers affected by poor financial advice over the past decade…
BT cuts pricing on investment platform
30 July 2018
BT has made significant fee cuts to its investment platforms under a push to address legacy payments and potentially conflicted remuneration…
FPA urges clients to report misconduct
30 July 2018
The Financial Planning Association has condemned ethics breaches featured in an ABC report on AMP, and has urged people to complain if they suspect adviser misconduct…
Rice Warner flags opt-in reforms pitfalls
30 July 2018
Rice Warner has urged the Government to reconsider making insurance in superannuation an opt-in product for active members with less than $6000 in their accounts…
FPA welcomes education standards consultation
30 July 2018
The Financial Planning Association has welcomed the release of consultation papers on minimum education standards for advisers…
Centrepoint fills regional growth role
30 July 2018
Centrepoint Alliance has appointed Jason Tattershall as a second Growth Manager…