26 February 2018
The Australian Securities and Investments Commission has banned Philip Leake from providing financial services for five years, after he failed to act in life insurance clients’ best interests…
26 February 2018
ClearView’s life insurance business made a net profit of $12.5 million in the half-year to December, down 2% due to higher than expected claims…
26 February 2018
Mortgage Choice says inforce premium grew 21.1% in the first half to $26.6 million, as the financial planning business expanded…
26 February 2018
The wealth manager attributes the loss in the six months to December 31 to significant investments in new advice technology, additional outsourced services for advice groups, and marketing and salaried advisers…
26 February 2018
Brisbane-based financial adviser Christopher Ramsay has been given a five-year ban for failing to act in clients’ best interests and giving inappropriate advice, the Australian Securities and Investments Commission says…
26 February 2018
ANZ Wealth’s OneCare life insurance product is now available through Macquarie’s Wrap financial adviser platform…
19 February 2018
Suncorp has yet to decide on the future of its life insurance business, which reported a sharp rise in net profit for the six months to December 31…
19 February 2018
AustralianSuper is reducing average premiums on various life insurance covers by up to 20% from May, meaning fund members will pay $100 million less for group policies…
19 February 2018
Challenger says first-half annuity sales grew 4.3% to $2.3 billion after the previous corresponding period was lifted by changes to the age pension taper rate…
19 February 2018
Angus Benbow has been appointed CEO of Centrepoint Alliance, replacing Soula Cargakis, who was interim CEO after John de Zwart departed last November…
19 February 2018
The Australian Securities and Investments Commission website now features a section keeping financial advisers abreast of incoming professional standards requirements and other related information…
19 February 2018
The number of Certified Financial Planners has risen 3.2% worldwide, the Financial Planning Association says…
19 February 2018
Joint ventures and other alliances are the future of the advice industry, according to dealer group Bombora…
19 February 2018
Mark Brimble has resigned as Chairman of the Financial Planning and Educational Council following the Financial Adviser Standards and Ethics Authority’s decision to adopt the council’s framework and course approval list…
19 February 2018
AIA Australia has formed a partnership with Pain Revolution, a community program that helps chronic pain sufferers…
12 February 2018
AMP’s life insurance business enjoyed a dramatic turnaround last year, with operating earnings up to $110 million following a $415 million loss in 2016…
12 February 2018
ClearView has stopped selling life insurance products direct and will refund $1.5 million to 16,000 customers after an investigation identified unfair sales practices…
12 February 2018
A simple blood test has been developed that can check for eight common cancer types should cost below $500 when it is made available, according to life reinsurer…
12 February 2018
Deduction of group life insurance premiums accounted for the second-highest number of complaints to the Superannuation Complaints Tribunal in the three months to December 31…
12 February 2018
A Melbourne-based financial planning business that charged advice fees to superannuation while claiming life insurance commissions has been fined $7.1 million…