FPA wants commissions on some group life sales
12 December 2011
The Financial Planning Association has called for some commissions on life insurance sold within superannuation schemes to be allowed…
Life Insurance
Revenue and profits down for life insurers
12 December 2011
Total revenue for Australian life insurers has fallen from $23 billion in the year ending September 30 last year to $15.4 billion in the corresponding period this year…
Insurers to pay for income protection sales success
12 December 2011
The growth in sales of income protection products will cause the life insurance industry some headaches unless they manage claims better, Asteron EM National Sales Mark Vilo says…
Solid growth predicted for life industry
12 December 2011
Group life insurance will grow by 10% a year over the next 15 years, according to new research by Rice Warner Actuaries…
ClearView launches integrated platform
12 December 2011
ClearView has launched a private label platform that incorporates life insurance products and wealth management…
Zurich promotes one of its own
12 December 2011
Zurich Financial Services has promoted one of its NSW life insurance sales team, Stuart Meyers, to become NSW Regional Sales Manager Life…
AIA puts diabetes on critical list
12 December 2011
AIA Australia has responded to the growing incidence of severe diabetes by adding it as a crisis event to its Priority Protection product…
FOFA implementation date not set in concrete
05 December 2011
The Federal Government has given itself an escape clause on the implementation date of the Future of Financial Advice reforms…
FOS concern on consumers not opting in
05 December 2011
The Financial Ombudsman Service has called for the opt-in proposals in the Future of Financial Advice Bill to be modified to deal with clients not responding to renewal notices…
Zurich and OnePath win business stars
05 December 2011
OnePath and Zurich Life Australia have been given a five-star rating by Canstar for the outstanding value of their business life insurance products…
Count CEO goes as takeover approved
05 December 2011
Count Financial CEO Andrew Gale has resigned after both shareholders and the courts approved the Commonwealth Bank’s takeover of the company…
More people buy income protection and health insurance
05 December 2011
More people are taking out income protection and health insurance, according to the latest ANZ Survey of Adult Financial Literacy…
Industry worried where FOFA reforms will lead
28 November 2011
Concerns have been raised over the “best interest” regulations in the latest Future of Financial Advice bill…
MLC upgrades insurance platform
28 November 2011
MLC Insurance has launched a new website for advisers and clients with additional online functionality…
Aon tackles underinsurance through special deal
28 November 2011
Aon Hewitt has given members of its superannuation master trust the opportunity to increase their death and total and permanent disablement cover without medical evidence…
Guardian buys stakes as principals move out
28 November 2011
Guardian Advice will be providing financial support for adviser principals wanting to sell their businesses…
S&P gives favourable rating to RGA’s local business
28 November 2011
Standard & Poor’s has rated RGA Reinsurance of Australia’s life operations for the first time, giving it an AA- for financial strength and a stable outlook…
BT moves into new Westpac business
28 November 2011
Westpac has moved its BT business into a new division called Australian Financial Services…
More advisers paid by fees, says FPA
21 November 2011
More than 50% of the Financial Planning Association’s members are now being paid through fees rather than commissions, according to new research by Investment Trends…
Time to focus on life underinsurance again
21 November 2011
Life insurance advisers need to concentrate on the underinsurance problem and not get bogged down worrying about the Future of Financial Advice reforms, says CommInsure GM Retail Advice…