Finsia seeks young financial talent
28 July 2008
The Financial Services Institute of Australasia is stepping up efforts to attract new talent to the financial services industry...
Life Insurance
Lawyers attack ‘inconsistent’ group life decisions
28 July 2008
Lawyers have criticised group life insurance policy terms as inconsistent following contrary judgements in Australian courts...
FPA urges caution as super funds erode
28 July 2008
With superannuation funds starting to erode for the first time in years, the Financial Planning Association has urged fund customers not to panic...
FPA: financial services reform demands change to legislation
21 July 2008
The FPA has called on the Federal Government to amend legislation to reduce the cost and complexity of financial advice...
Short form disclosure statements released
21 July 2008
The Federal Government has taken a small step toward its goal of eliminating red tape in the financial services sector by releasing a short form disclosure template...
Super dominates the life business
21 July 2008
Superannuation business continues to dominate the life insurance market, with APRA’s latest statistics showing super accounted for 90.6% of policy payments during the March quarter…
Give us a break, say financial planners
14 July 2008
The Financial Planning Association has called for an end to the negative portrayal of the industry that it says is promulgated through government policy and the media...
Sherry slams industry over lengthy disclosure
14 July 2008
Superannuation Minister Nick Sherry has attacked the financial services industry saying it has failed to simplify disclosure documents for consumers...
Shortage of financial planners in SA ‘severe’
14 July 2008
South Australia is experiencing a talent crisis, with financial planner vacancies at an all-time high...
Report: financial sector talent fading away?
07 July 2008
Australia’s bid for recognition as an Asia-Pacific financial hub is losing ground as the financial sector finds itself in need of 40% more skilled staff, according to a report…
FPA under attack over PI kickbacks
07 July 2008
The Financial Planning Association has come under fire over alleged kickbacks it will receive on its professional indemnity insurance scheme...
… and faces second front over commissions
07 July 2008
Commissions in the financial services industry must be banned, says a former FPA chairman...
Axa first to insure temporary residents
07 July 2008
Axa is the first domestic insurer to offer income protection cover to temporary residents working in Australia under a 457 visa...
Austrade takes over Axiss financial services role
30 June 2008
Federal Government financial services marketing agency Axiss is being incorporated into trade and investment development body Austrade with effect from tomorrow...
Governments push Sydney’s financial services role
30 June 2008
Federal and state government leaders are working to put Sydney and Australia on the world’s financial services map...
Short-form statements of advice get the nod
30 June 2008
The Financial Planning Association says its model short-form statement of advice disclosure document ticks all the boxes with consumers...
Super assets up 3.5%
30 June 2008
Australian superannuation assets lifted 3.5% to $1.1 trillion in the year to March 31 despite a $74.9 billion dip for the quarter, according to APRA...
IFSA calls for wide-ranging reforms
23 June 2008
Australian financial services legislation is limiting business efficiency, has failed to keep pace with market developments and is distorting industry and consumer behaviour…
New Banking and Financial Services Ombudsman announced
23 June 2008
Philip Field will replace Colin Neave as Banking and Financial Services Ombudsman within the new Financial Ombudsman Service...
FPA launches life risk course for planners
23 June 2008
The Financial Planning Association is expecting thousands of financial planners to sign up to its new educational program on life risk...