Massive life insurance gap revealed: IFSA
09 August 2005
There’s a $1370 billion gap between the level of life insurance cover held by Australian families and the level of cover required to shield against financial risk…
Life Insurance
AMP’s stake in India’s life insurance sector sold
02 August 2005
India is supposed to be one of the “Asian tiger” economies that everyone’s trying to break into…
IFSA acts to fix money laundering
26 July 2005
The Investment and Financial Services Association (IFSA) has signalled its approval of discussions to improve anti-money laundering regimes…
FPA on super savings for under-40s
26 July 2005
The Financial Planning Association’s Superannuation Committee is developing a submission to a parliamentary economics committee inquiry into the superannuation savings of people…
Surcharge abolition bolsters faith in super
19 July 2005
Ordinary Australians are regaining their faith in superannuation as a retirement savings tool after the removal of the super surcharge…
APRA statistics show super growth strong
19 July 2005
Superannuation assets rose 2.4% in the March quarter to $710 billion, according to APRA…
Super choice makes its debut
05 July 2005
Super Choice – the regime that will allow millions more Australians to choose their own superannuation schemes – finally came into action on Friday…
SIA and AIBF members vote in favour of merger
05 July 2005
A unity between the Securities Institute of Australia (SIA) and the Australasian Institute of Banking and Finance is now a firm reality, with members voting unanimously…
Life industry is going strong, says S&P
28 June 2005
The fundamentals of the Australian life insurance industry were strong last year, and they are likely to stay strong for most of this year, according to the latest Standard & Poor’s report…
ASIC advises planners on super switching
28 June 2005
ASIC has issued a guide to help planners and advisers comply with the Corporations Act when they give personal advice about switching super funds…
Brough cuts six-month wait for super rollovers
21 June 2005
With the start date of the Super Choice regime only weeks away, Federal Assistant Treasurer Mal Brough has cut the six-month waiting period some fund members…
ASFA calls for end to super surcharge
21 June 2005
The Association of Superannuation Funds of Australia has called for an end to the additional super contributions tax imposed on middle to high-income earners…
Ads pulled as super debate rages on
15 June 2005
A series of ads by the Industry Fund Services have had to undergo amendments after ASIC decided they are likely to mislead or deceive audiences…
Aon wins super tender for law firm
15 June 2005
Aon Australia has won a $30 million contract to undertake superannuation administration, outsourcing, consulting and insurance services for law firm Minter Ellison…
Axa supports CEO despite super probe
07 June 2005
Despite receiving a “show cause” letter from APRA in relation to his role as a director of the Axa staff superannuation fund, Axa Asia Pacific Holdings CEO Andrew Penn…
Gen X & Y super probe
07 June 2005
The Federal Government will examine issues associated with the superannuation savings of people aged under 40…
Aon debunks super choice
24 May 2005
Aon Australia has criticised the new choice of superannuation regime – to be introduced on July 1 – because many workers could fall between the cracks…
IFSA queries life insurance costs
24 May 2005
The most comprehensive research of its type into death and disability insurance cover in super funds has found insurance costs are inequitable, according to IFSA…
Super advertising is confusing consumers, says FPA
17 May 2005
The Financial Planning Association has hit out at financial services companies using the introduction of Super Choice on July 1 to flog their products…
Super surcharge abolition gets thumbs up from IFSA
17 May 2005
The Investment and Financial Services Association says the Federal Budget’s abolition of the super surcharge is great news for Australia’s long-term retirement savings…