New CEO for NZ advisers’ association
12 November 2012
The NZ Institute of Financial Advisers has appointed Penny Mudford as its new CEO…
Life Insurance
NAB overall insurance contribution sinks
05 November 2012
NAB’s operating income from insurance fell 1.2% to $481 million in the year to September because of increased lapses and unfavourable changes in the profile of the retail insurance book…
Insurance cross-selling boosts Westpac result
05 November 2012
Westpac says its strategy of cross-selling wealth and insurance products is starting to reap rewards, although its BT Financial Group reported a 10% fall in profit to $653 million for the year to…
Customers wary of advisers, research shows
05 November 2012
Consumers have limited awareness of what financial advisers do or the value they provide, research for the Association of Financial Advisers has revealed…
Trustees hear advice on insurance frameworks
05 November 2012
The Australian Prudential Regulation Authority has warned super trustees it will treat each insurance framework application on its own merits…
Move from adviser to owner is key to going solo
05 November 2012
Becoming a business owner rather than simply an adviser is one of the hardest lessons of setting up a practice, according to G Financial director Michael Grammatico…
Nowak steps up as new AFA Chairman
05 November 2012
Association of Financial Advisers Queensland director Michael Nowak has been elected President to succeed Brad Fox…
FPA hails ‘great moment for financial planning’
05 November 2012
The Financial Planning Association has welcomed a decision by the International Organisation of Securities Commissions to approve the Financial Planning Standards Board as an affiliate member…
AFA picks its best and brightest
05 November 2012
Queensland financial planner Olivia Maragna has been awarded the Association of Financial Advisers’ Adviser of the Year award…
FPA calls for comments on new code
29 October 2012
The Financial Planning Association has put its code of conduct out for consultation with members…
SFG eyes WHK tie-up
29 October 2012
Financial advisory and insurance group SFG Australia is in talks with accounting services company WHK about a possible merger…
FPA turns a profit
29 October 2012
The Financial Planning Association turned a profit of $149,761 in 2011/12, despite not expecting to do so for three more years…
AMP premium income continues to grow
29 October 2012
AMP’s life insurance business is growing, with third-quarter cashflow figures showing annual premium income of $2 billion, up 6% on the previous corresponding period…
Insurance weak for ANZ
29 October 2012
ANZ’s net income from insurance fell 1% to $429 million in the year to September, while the bank’s overall profit grew 6% to $5.7 billion compared with the previous year…
New ClearView board takes shape
29 October 2012
ClearView Wealth has a new board following its 80% takeover by private equity group Crescent Capital…
PIS shakes up structure
29 October 2012
Financial and risk adviser Professional Investment Services has restructured its operations to create three distinct function areas: client engagement, client recruitment, and client strategy and solutions…
Competition drives down life costs
22 October 2012
Life insurance costs are falling sharply amid competition driven by the advisory market and falling mortality rates, a study by ClearView Wealth and Plan For Life shows…
Life insurance last in the queue for Australians
22 October 2012
Australians do not consider life insurance a priority and severely underestimate the cost of being off work with illness or injury, according to research by Commonwealth Bank’s insurance arm CommInsure…
Payouts, non-disclosure dominate FOS life insurance disputes
22 October 2012
Most complaints about life insurance relate to claim payments or failure to disclose prior medical history, the Financial Ombudsman Service says…
Aussies drag down RGA results
22 October 2012
Higher claims in Australia have led the Asia-Pacific division at Reinsurance Group of America to report a $US16.5 million ($16 million) pre-tax loss in the three months to September 30…