Tax agents bill expensive and flawed, committee hears
17 June 2013
Complying with proposed tax agents legislation would cost the financial services industry $1 billion, according to Financial Services Council CEO John Brogden…
Life Insurance
Life insurers enjoy profitable year
17 June 2013
Most Australian life insurers and reinsurers reported profits last calendar year, according to the Australian Prudential Regulation Authority…
Chasing pack closes gap on market leaders
17 June 2013
Smaller insurers continue to report stronger growth than industry giants AMP and MLC, according to the latest figures from Plan For Life…
AFA calls for adviser of the year nominations
17 June 2013
Nominations for the Association of Financial Advisers adviser of the year award are now open…
AMP career-change scheme wins award
11 June 2013
AMP Horizons has won international acclaim for a training course that encourages people to become financial planners…
FSC forced to review churning policy
11 June 2013
The Financial Services Council wants the reinvigorated debate on churning to focus on industry sustainability rather than advisers’ practices…
Tax agents bill delayed – but for how long?
11 June 2013
The Federal Government’s push to make financial advisers register as tax agents has been delayed, with the bill referred to the Parliamentary Joint Committee on Corporations and Financial Services…
Time to sign up for AFA roadshow
11 June 2013
This year’s Association of Financial Advisers National Roadshow is now open for registrations…
Young advisers to learn soft skills
11 June 2013
Synchron’s latest NextGen conference will focus on soft skills, according to Program Chairman Michael Harrison…
Shorten hails financial adviser enshrinement bill
03 June 2013
A bill enshrining the terms “financial adviser” and “financial planner” in corporation law will help protect consumers, Financial Services and Superannuation Minister Bill Shorten says…
BT offers upfront commissions only
03 June 2013
BT has revised its remuneration options for advisers in the lead-up to the introduction of the Future of Financial Advice reforms…
AIA’s Australian arm praised as ratings confirmed
03 June 2013
Ratings on Hong Kong-based life insurer AIA have been affirmed under Standard & Poor’s new criteria…
Market leaders struggle to secure new business
03 June 2013
CommInsure and TAL suffered declines in their share of new business in the year to March 31, according to new figures from research house Dexx&r…
Advisers embracing social media
03 June 2013
Advisers are turning to social media for a variety of uses in their businesses, including lead generation and customer care…
Life insurers report strong year
27 May 2013
Life insurers’ combined profits grew 17% to $3 billion in the year to March 31, according to the latest Australian Prudential Regulation Authority figures…
Insurers ‘struggle to cash in on growth’
27 May 2013
Group life insurance is delivering the highest growth in the market but no profits, according to Experien CEO Clive Levinthal…
Direct insurers gain market share
27 May 2013
The direct life market is starting to impinge on the adviser distribution channel as products grow increasingly similar, according to new research by Plan For Life…
Flu can be expensive for insurers
27 May 2013
A flu pandemic in Australia could have a 32% direct impact on the profitability of a large insurer, according to Aon Benfield Asia Senior Broker Pierre Vende…
Super industry considers aged care cover
20 May 2013
Super funds could become active in aged care insurance under retirement planning reforms proposed by an industry body…
TAL profits hold steady amid economic fears
20 May 2013
Life insurer TAL has posted flat annual profits, and warns economic uncertainty is causing Australians to cut costs and reduce cover…