Industry hails life reforms, but critics worried
29 June 2015
Reactions to the Life Insurance Framework, as proposed industry reforms have been labelled, follow traditional lines, with industry super funds arguing they do not go far enough…
Life Insurance
Australian Unity advisers switch to hybrid model
29 June 2015
Australian Unity advisers will work under a new remuneration regime from Wednesday, offering life insurance policies using only hybrid or level commissions…
Senate rejects royal commission on industry
29 June 2015
A move by Greens senators to set up a royal commission on the financial services industry has been defeated after Labor members voted with the Government…
Hood Sweeney promotes new MD from within
29 June 2015
Financial services business Hood Sweeney has appointed Chris Stewart as MD to replace Matthew Rowe, who is leaving to study at Harvard Business School…
Lump sum lapse rates continue downward trend
22 June 2015
Industry lapse rates for individual lump sum life insurance fell to 14.6% in the year to March 31 from 15.6% the previous year, according to the latest data from Dexx&r…
ANZ and Insure Me Now top Canstar review
22 June 2015
Canstar has named ANZ Life and Insure Me Now as the two best direct life insurers providing “outstanding value”…
AMP stalwart to leave after four decades
22 June 2015
Executive Director of Financial Planning Steve Helmich will leave AMP in September after more than 40 years with the company…
Court sentences SA adviser
22 June 2015
A former director of a financial planning practice providing life advice has been sentenced to 12 months’ jail after admitting dishonest conduct…
Advisers to help more disadvantaged youths
22 June 2015
The Financial Planning Association’s Future2 charitable foundation has called for grant applications under its Make the Difference! program…
Robo-advice to include insurance
15 June 2015
Yellow Brick Road says it will include both general and life insurance in its “robotic” financial modelling…
Rich need ‘white-glove’ service from life insurers
15 June 2015
Life insurers must offer competitive premiums, efficient underwriting and good after-sales services if they want to target high-net-worth individuals, Reinsurance Group of America says…
MLC and AMP dominate on policy revenue
15 June 2015
MLC recorded the largest net policy revenue among life insurers last year at $1.5 billion, according to latest figures from the Australian Prudential Regulation Authority…
Fit people ‘more likely to work’ later in life
15 June 2015
Healthy people are much more likely to still be working aged in their 60s than those with poor health, the latest AMP.NATSEM Income and Wealth Report shows…
Ex-Tower MD takes chair at NZ FSC
15 June 2015
Former Tower MD Rob Flannagan has been appointed Chairman of the New Zealand Financial Services Council…
Low engagement presents opportunity for advisers: Deloitte
09 June 2015
Only 10% of Australians have financial plans created by professional advisers, according to a report from Deloitte…
CPA to open independent financial advice business
09 June 2015
The peak accounting body is to move into financial advice, promising to shake up the industry and set a new benchmark for ethical behaviour…
Super funds call for commission disclosure
09 June 2015
Industry Super Australia has called for the new financial adviser register to disclose information on commissions…
TAL rolls out training scheme
09 June 2015
Life insurer TAL has created a training program offering courses for advisers at various stages of their careers…
KPMG produces ‘most advanced’ disability income table
09 June 2015
A new disability income table from KPMG shows 45-year old women are 94% more likely to make claims than their male counterparts…
Insfin to distribute redundancy insurance through brokers
09 June 2015
Specialist online insurance company Insfin Solutions will use brokers in its distribution strategy for a new product covering redundancy…