Financial advisers brace for another inquiry
21 July 2014
The fallout from the Commonwealth Bank advice scandal has spawned yet another inquiry into the industry…
Life Insurance
Palmer gets his way on FOFA regulations
21 July 2014
Advisers face further requirements under the Future of Financial Advice (FOFA) legislation following a parliamentary deal between the Coalition and the Palmer United Party…
Cormann approves enhanced adviser register
21 July 2014
The Federal Government has agreed to established an enhanced public register of financial advisers…
Consistency poses problem for advisers
21 July 2014
“Variability in the quality” of services is the financial advice industry’s main problem, according to the Financial System Inquiry…
Industry applauds FSI recommendations
21 July 2014
The Financial System Inquiry’s plan to look again at the issue of aligned and non-aligned advisers has been welcomed by life specialist dealer group Synchron…
Rehabilitation cuts costs, says Swiss Re
14 July 2014
Money spent by Australian life insurers on rehabilitation services is cutting income protection claims costs, a study by Swiss Re has found…
FOFA amendment regulations facing defeat
14 July 2014
Labor has forced the Government to table its Future of Financial Advice amendment regulations in the Senate…
Brogden swaps FSC for institute of directors
14 July 2014
Financial Services Council CEO John Brogden will leave the organisation at the end of the year…
FPA calls for summit to stamp out rogue advice
14 July 2014
The Financial Planning Association says an industry summit is preferable to a royal commission when it comes to winning back public trust…
Shorten demands financial advice inquiry
14 July 2014
Opposition Leader Bill Shorten has called for a parliamentary inquiry into financial advice, with a particular focus on the Commonwealth Bank…
FPA to monitor CBA’s adviser standards drive
07 July 2014
The Financial Planning Association will scrutinise the adviser training program proposed by Commonwealth Bank following its recent advice scandal…
Ebix adds direct life insurer to platform
07 July 2014
Freedom Insurance has signed up to Ebix’s OneOffice policy administration platform…
Law firm attacks life non-disclosure changes
07 July 2014
Amendments to the Insurance Contacts Act will make it easier for life insurers to avoid and vary policies in cases of non-disclosure and misrepresentation, lawyers say…
Tower completes life divestment
07 July 2014
NZ insurer Tower has sold the remainder of its life insurance business, and will now focus solely on general insurance…
Property demand fuels life referrals
07 July 2014
A booming property market is generating referrals for life advisers as mortgage brokers look to provide cover for homeowners and investors…
Shadforth to survive IOOF takeover
07 July 2014
SFG Australia’s Shadforth brand will be maintained under a proposed takeover by IOOF Holdings…
Senators pose threat to FOFA changes
30 June 2014
The Government faces a struggle to push its Future of Financial Advice amendments through the Senate, with one high-profile independent ready to oppose the changes…
Advisers urged to engage young customers
30 June 2014
Advisers still have a role to play despite the move by life insurers to use technology to engage with younger consumers, the International Insurance Society’s annual seminar was told last week…
Industry bodies welcome CFP report
30 June 2014
The financial planning industry has welcomed the Senate Economics References Committee’s recommendations on raising adviser standards and professional behaviour…
Life insurance take-up improves
30 June 2014
More people are taking up life insurance, according to TAL’s Financial Protection Index…