Suncorp Life welcomes new dawn
16 February 2015
Tough decisions taken last year are starting to pay off for Suncorp Life, which has reported an $86 million after-tax profit for the six months to December 31…
Life Insurance
Life insurance levy inefficient: FSC
16 February 2015
The Financial Services Council predicts stamp duty raised on life insurance will fall short of collection costs…
AFA secures tax adviser association status
16 February 2015
The Association of Financial Advisers has been awarded tax adviser association status by the Tax Practitioners Board…
Australia among Asian powerhouses for MetLife
16 February 2015
MetLife’s Asian operations, including Australia, recorded premiums of $US7.8 billion ($10 billion) last year, up from $US7.5 billion ($9.6 billion) in 2013…
Claims, capital requirements push up group life premiums
16 February 2015
Group life insurance premiums increased 20-30% in the fourth quarter of last year, according to a report by Marsh…
FPA calls for tax deductions on advice
16 February 2015
The Financial Planning Association is again pushing for tax deductions on upfront advice fees…
Industry responds to Trowbridge report
09 February 2015
More than 130 submissions have been made to the life insurance and advice industry working group’s interim report…
Broker group rejects degree call for advisers
09 February 2015
The National Insurance Brokers Association has cautioned against financial advisers being required to hold degrees, arguing there is a lack of courses on life insurance…
Reputational damage dents adviser sentiment
09 February 2015
Adviser sentiment has hit a two-year low, along with incomes, according to new research for Zurich Financial Services Australia…
Ann Street snares former Westpac exec
09 February 2015
Financial advice business Ann Street Partners has recruited former Westpac executive Jason Dunn to help expand multichannel distribution across its practices…
AFA roadshow hits eastern states
09 February 2015
The Association of Financial Advisers’ GenXt roadshow arrives on the eastern seaboard this week, taking in Melbourne tomorrow, Sydney on Wednesday and Brisbane on Thursday…
Centric veteran takes Queensland role
09 February 2015
Financial Index Wealth Accountants has appointed long-serving manager Celia Carroll as Queensland State Manager for the Centric Wealth division…
RGA appoints Asia COO
09 February 2015
Reinsurance Group of America has appointed Peter Tan as COO Asia – a new role at the company’s Hong Kong head office…
Hollard denies life float ‘speculation’
02 February 2015
Hollard Australia Group has dismissed suggestions its life insurance business will be floated…
Committee wants ‘financial adviser’ made a legal term
02 February 2015
A parliamentary committee has recommended the terms “financial adviser” and “financial planner” be protected by law…
APRA rules out new life insurance risk reporting form
02 February 2015
The Australian Prudential Regulation Authority has rejected a call to change the way life insurers report reinsurance risks…
Working group urges industry to lift productivity
02 February 2015
The Life Insurance and Advice Working Group headed by John Trowbridge has called for a number of changes to the way the industry works, to improve productivity…
ASIC cracks down on Guardian Advice
02 February 2015
The Australian Securities and Investments Commission has imposed conditions on Suncorp-owned Guardian Advice’s financial services licence…
Advisers win battle to restore grandfathering
15 December 2014
The Federal Government has reintroduced grandfathering regulations into the Senate, effective from tomorrow…
Individual life cover lapse rates stabilise
15 December 2014
Individual life insurance lapse rates have stabilised over the past three years, according to research house Dexx&r…