O’Dwyer introduces regulated commissions, clawback legislation
17 October 2016
Advisers will avoid clawback provisions if a life insurance policy is sold on a level commission or with a fee for service…
Life Insurance
AFA backs adviser remuneration reform
17 October 2016
The Association of Financial Advisers has backed the Federal Government’s legislation limiting life insurance commissions…
Heart disease a ‘hidden killer’ of women
17 October 2016
Cardiovascular disease is the leading killer of Australian women, despite perceptions they are less at risk than men, a study has found…
Life code feedback may assist future drafts
17 October 2016
The Financial Services Council says some points raised in submissions may be incorporated into future revisions of the Life Insurance Code of Practice…
Finalised life code: spruiked and panned
17 October 2016
Adviser associations have remained silent on the Financial Services Council’s Life Insurance Code of Practice…
ASIC offers update on CommInsure probe
17 October 2016
The Australian Securities and Investments Commission’s investigation into CommInsure continues, with the regulator yet to reveal any outcomes…
Aviva and Centrepoint settle PIS dispute
17 October 2016
Centrepoint Alliance has settled its dispute with Aviva Asia Holdings over the 2012 sale of Professional Investment Services’ Singapore business…
Fitch affirms Nippon Life rating
17 October 2016
Fitch has maintained Nippon Life’s insurer financial strength and long-term issuer default ratings at A, while keeping the outlook at negative…
CommInsure faces further parliamentary scrutiny
10 October 2016
CommInsure must give documents supporting its life cover claims decisions to the House of Representatives Economics Committee…
MLC replaces legacy systems in Nippon move
10 October 2016
MLC Life Insurance will replace its legacy back-office systems under its takeover by Nippon Life…
Findex fined over ‘independent’ claim
10 October 2016
The Findex Group has been fined $10,800 for describing itself as independent…
FSCNZ holds onto disgruntled insurance members
10 October 2016
The Financial Services Council of New Zealand has retained all major insurer and bank members after a number resigned last year when the council commissioned a controversial report into life insurance advice…
AMP dealer group utilises life-goal technology
10 October 2016
AMP says its new financial advice business, AMP Advice, will use Goals Explorer interactive technology…
Industry bodies unite to hail group life
10 October 2016
In a rare display of mutual support, five industry associations involved in the superannuation sector have presented a united front on group life cover…
Centrepoint takes stake in wholesale advice group
10 October 2016
Centrepoint Alliance has bought a “strategic stake” in wholesale advice provider RFE Group for an undisclosed sum…
NSW adviser takes AFA’s top award
10 October 2016
Darren Johns from Align Financial in NSW has been named the Association of Financial Advisers adviser of the year…
Adviser banned over false diploma claim
10 October 2016
A Tasmanian financial adviser has been permanently banned for making false statements about his qualifications…
Sales culture harms banks’ reputation, staff union says
10 October 2016
Consumer confidence in banks will improve if groups scrap employee sales targets and make product recommendations based on customers’ best interests, the Financial Sector Union says…
TAL forms partnership with nutritionist
10 October 2016
TAL has joined forces with a healthy eating expert to give advisers and their clients access to nutritional information…
Life insurance reforms ‘delayed to 2018’
03 October 2016
The transition to the proposed Life Insurance Framework is now expected to be delayed to January 2018…