Infocus CEO steps down
11 December 2017
Rod Bristow has left Infocus Wealth Management after six years as CEO…
Life Insurance
Royal commission ‘must not derail reforms already in train’
04 December 2017
The royal commission announced by the Federal Government last week will take place before many advice sector reforms have taken full effect, the Financial Planning Association says…
REST drops default cover for under-18s
04 December 2017
REST Industry Super no longer provides default cover for new members aged under 18…
ASIC bans adviser over best-interests failure
04 December 2017
The Australian Securities and Investments Commission has banned former Commonwealth Bank adviser Julie Hamilton from giving financial advice for three years, for “failing to act in her clients’ best interests”…
MLC prepares to unveil group cover platform
04 December 2017
MLC Life Insurance will soon introduce LifeView, a comprehensive, integrated group cover digital platform for superannuation fund trustees, members and administrators…
TAL unveils education program for super fund partners
04 December 2017
Following the success of its Risk Academy financial adviser education program, TAL has introduced a program that teaches superannuation fund partners about group insurance…
FPA conference delegates focus on fintech
04 December 2017
Delegates at the Financial Planning Association’s Professionals Congress in Hobart late last month were encouraged to embrace technological, social and regulatory change…
TAL hits the beach to provide skin cancer checks
04 December 2017
TAL will provide free professional skin checks this summer to encourage greater awareness and preventative action around skin cancer…
FPA urges planners to grasp fintech opportunities
27 November 2017
The Financial Planning Association says fintechs can help the profession engage with clients in new ways, while also introducing efficiencies…
MLC wins Vision Super contract
27 November 2017
MLC Life Insurance will provide default cover for superannuation fund Vision Super’s 100,000 members from January, after wining a tender…
Black Dog Institute helps TAL raise game on mental health
27 November 2017
TAL has partnered with the Black Dog Institute and the University of Sydney as it enhances its focus on mental health…
ASIC acts on practice’s licence breach
27 November 2017
The Australian Securities and Investments Commission has cancelled Financial Stewards’ financial services licence for failing to co-operate with its surveillance activity…
WA practice lands key awards
27 November 2017
Perth-based Capital Partners Private Wealth Advisers won two awards at the Financial Planning Association conference in Hobart last week…
FPA members sweat for charity
27 November 2017
A group of 19 Financial Planning Association members have completed a seven-day, 726km fundraising bike ride in Hobart…
Insurer profits drop 16%
20 November 2017
Life insurers are still struggling to build profits, recording a combined 16% decline to $2.2 billon after tax in the year to September 30, according to the latest Australian Prudential Regulation Authority data…
TAL makes premium gains, but income dips
20 November 2017
TAL has recorded an 8% rise in premium income to $1.79 billion for the six months to September 30, but this has not improved the life insurer’s bottom line…
Opportunities and risks in genetic testing, says Gen Re
20 November 2017
Insurers and customers alike can benefit from genomic advances “where the interests of both are aligned by a shared desire to avoid early death from known genetic risk”, Gen Re says…
Insurers urged to work on product clarity and education
20 November 2017
Insurers must increase transparency and simplicity in their products to win public trust, according to a new report by Zurich and the Smith School of Enterprise and the Environment at the University of Oxford…
ASIC updates guidance on ‘independent’ tag
20 November 2017
Use of the terms financial planner or financial adviser have been included in the Australian Securities and Investments Commission’s revised Regulatory Guide 175…
AZ buys Victorian life advice practice
20 November 2017
High-profile life insurance adviser Mark Dunsford has sold his Victorian practice to AZ Next Generation Advisory for $6.1 million…