Affinia launches recruitment drive
18 February 2013
TAL’s new risk-specialist dealer group Affinia has launched a recruitment drive, looking for like-minded business partners…
Life Insurance
CommBank insurance income rises but claims jump
18 February 2013
Commonwealth Bank’s insurance income rose slightly in the six months to December 31, but it also saw a jump in life claims…
Explain Government insurance schemes, says FSC
11 February 2013
The Financial Services Council has called for the Federal Government to explain the differences between the National Disability Insurance Scheme and the National Injury Insurance Scheme…
Planners still worried about FOFA
11 February 2013
Future of Financial Advice compliance and the cost of regulation are the main challenges for financial planners and financial planning businesses, a new Financial Planning Association survey has found…
Rising insurance claims hit NAB
11 February 2013
Rising disability claims and lapse rates have reduced NAB Wealth’s retained profits and capital in its life insurance business…
RGA Reinsurance names new MD
11 February 2013
RGA Reinsurance Company of Australia, the local subsidiary of Reinsurance Group of America, has appointed Mark Stewart as its new local MD, effective immediately…
FPA offers free advice to disaster victims
11 February 2013
Members of the Financial Planning Association are offering pro bono financial advice to Australians affected by the recent natural disasters…
Consumers aware of life underinsurance
04 February 2013
Australians know they do not have enough life insurance, with three in 10 lacking personal cover, research conducted for TAL shows…
FPA raises concern on existing clients’ fee disclosure
04 February 2013
The Financial Planning Association says common sense prevails in most of the Australian Securities and Investments Commission’s new fee disclosure obligations – but it remains concerned about fee…
Risk advisers’ outlook brightens
04 February 2013
The mood among financial advisers in the Australian life market is picking up, according to the latest Zurich Risk Adviser Sentiment Index…
AMP responds to watchdog concerns
04 February 2013
AMP Horizons Group has been quick to act following criticism from the Australian Securities and Investments Commission…
Industry pressure stalls new conflict standard
04 February 2013
The Accounting Professional and Ethical Standards board is to push back the launch of its controversial APES 230 standard “to allow stakeholders additional time to implement [it] once it is issued”…
Life insurers maintain growth
10 December 2012
Life insurance inforce premium grew 10.11% to $10.6 billion and new business increased 12.8% to $2.5 billion in the year to September 30, according to research house Dexx&r…
Online life applications outstrip paper
10 December 2012
Electronic life insurance applications have exceeded paper submissions for the first time, according to a survey by Munich Re Australasia…
PIS brings in legacy claims manager
10 December 2012
Professional Investment Services has appointed Scott Harvey to oversee all insurance claims and deal with legacy issues from the company’s previous owner…
Consumers leave life cover off the shopping list, survey shows
10 December 2012
Life insurance would be a long way down the wish list for consumers given a 10% rise in income, according to a poll by TAL…
Doors open on Mortgage Choice planning offices
10 December 2012
The first two Mortgage Choice financial planning practices have opened in Brisbane and Sydney…
Shorten move pleases planners
03 December 2012
The Association of Financial Advisers has welcomed Federal Government moves to restrict use of the terms “financial planner” and “financial adviser” to Australian financial services licensees…
FPA hails response to code consultation
03 December 2012
The Financial Planning Association says it has received “a great response” from members and the industry to its proposal for a revised Code of Professional Practice…
Trustees ‘must focus on life insurance’
03 December 2012
Super trustees must focus on a fund’s life insurance component and cannot rely on external advisers, CommInsure GM Wholesale Life Claire Roberts has warned…