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Financial planning
The Australian Securities and Investments Commission (ASIC) has teamed up with five industry groups to form a consultation panel to assess strategies to prevent 'bad appl...
Financial planning
After seven years of political hand-balling, choice of fund legislation was passed by the Senate last night to become Australian law with the Federal Government set to sp...
Life/Risk
The Australian Securities and Investment Commission has permanently banned a former insurance agent after they pleaded guilty to 20 counts of obtaining money by deception...
Life/Risk
Zurich Financial Services Australia has played down Australian Prudential Regulation Authority and Australian Securities and Investments Commission scrutiny of some histo...
Financial planning
Challenger Financial Services Group chairman James Packer will step down due to other commercial obligations, paving the way for former Commonwealth Bank executive Peter ...
Editorial
Suncorp’s wealth management business is unlikely to match its buoyed half yearly profits but chief executive John Mulcahy is projecting an increase in underlying profit o...
Financial planning
The Australian insurance industry is enjoying a ‘purple patch’ in what ratings house Standard and Poors is deeming an improved operating environment this year, according ...
Financial planning
Challenger Financial Services has completed its Australian equities analyst team revamp with the addition of a banking analyst to round off an overhaul of the division un...
Financial planning
Former AMP-owned HHG is closing its global financial planning operations, Towry Law International (TLI), to new business due to the tough market conditions faced by advi...
Financial planning
Commonwealth Bank-owned CommInsure, in an attempt to reverse the trend away from life insurance, has moved to make life insurance cover more accessible both in terms of p...
Life/Risk
National Australia Bank (NAB) has no plans to outsource its Australian commercial insurance operations despite last week’s deal with AXA in the UK to take over the provis...
Financial planning
The Commonwealth Bank has merged its Premium Financial Services (PFS) and Institutional and Business Services (IBS) divisions resulting in the departure of IBS group exec...
Financial planning
Count Financial has cancelled its share buyback scheme and will move to self insure for its professional indemnity (PI) liabilities after claiming the costs of insurance ...
Life/Risk
ING Group has reached an agreement with QBE Insurance Group to sell a collection of its Mercantile Mutual general insurance interests and allowing the Holland-based firm ...
Financial planning
We are a financial planning practice that has developed from the old style insurance company. Because of this we have about 4,000 clients spread all over Australia. Under...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...