Tax adviser proposals ‘will raise industry costs’
05 May 2014
Three industry bodies believe the new tax advice regime for advisers will add considerable compliance costs for financial services companies…
Life Insurance
Choice raises concerns on general advice commissions
05 May 2014
Choice fears proposed amendments to conflicted remuneration rules in the Future of Financial Advice legislation will put consumers at risk…
FPA unveils Gwen Fletcher award
05 May 2014
Industry doyenne Gwen Fletcher will be remembered through an award for the best students in the Certified Financial Planner program…
Virgin Money fined for misleading life ads
05 May 2014
The Australian Securities and Investments Commission has fined Virgin Money $30,600 for three instances of misleading advertising…
AFA seeks education champions
05 May 2014
The Association of Financial Advisers has opened nominations for its seventh Excellence in Education Award…
Catch-all clause ‘promotes professionalism’
28 April 2014
A legal expert has called for the “catch-all” clause in the Future of Financial Advice legislation to be retained, because it enhances professionalism…
TAL leads way in life industry
28 April 2014
Life insurance industry premium inflows grew 11.5% to $12.7 billion last calendar year, according to research house Plan For Life…
FPA rejects separate PI cover for tax advice
28 April 2014
The Financial Planning Association has questioned the amount of professional indemnity insurance advisers will require if they want to give tax advice…
Life insurance consumers ‘lapse too soon’
28 April 2014
Many consumers drop life insurance products before the peak age for claims, new research by TAL shows…
Advisers raise concerns on FOFA and tax laws
28 April 2014
Financial advisers want clarification on legislative changes to the Future of Financial Advice and Tax Agent Services acts…
TAL appoints its first CRO
28 April 2014
TAL has pre-empted regulatory requirements to beef up risk monitoring, with the appointment of a chief risk officer…
Advisers lack adequate PI cover: FOS
14 April 2014
Financial advisers’ professional indemnity insurance has proved inadequate when companies enter administration or become insolvent, according to the Financial Ombudsman Service…
Coles raises fears over ‘unreasonably onerous’ regulation
14 April 2014
Supermarket group Coles fears increasing regulation will bar new entrants from expanding in the financial services industry…
Crowe Horwath, Zurich team up on expenses cover
14 April 2014
Zurich Life Australia and financial services group Crowe Horwath have joined forces to raise the take-up of business expenses insurance among small companies…
Direct life insurance ‘too complex’ for customers
14 April 2014
Consumers are confused by the multitude of options available when signing up for direct life insurance products, ClearView Direct Life Head of Distribution David Charlton warns…
TAL calls for alignment on life and health
14 April 2014
TAL Life has called for artificial distinctions between life and health insurance to become more flexible…
Consumers indifferent to life cover, study shows
07 April 2014
Life cover is the first insurance policy consumers would drop if money became too tight, according to research by GfK Australia and the Financial Services Council…
FSC reveals life industry award winners
07 April 2014
The Financial Services Council has announced the winners of its second annual Life Insurance Awards…
Life industry plays catch-up on disability claims
07 April 2014
Life insurers lag behind the general insurance workers’ compensation sector in returning disability claimants to work, according to AMP…
FSC pushes for disability time limit
07 April 2014
The Financial Services Council has called for a seven-year time limit on disability claims under group insurance…