INSURANCE

Financial planning

Financial planners are not doing enough to move their clients into level insurance premiums, resulting in higher costs for clients and higher profits for insurance compan...

Life/Risk

Hewison and Associates is now rebating all commissions paid on insurance policies, which it says will save clients thousands of dollars in hidden fees....

Financial planning

Godfrey Pembroke has been unable to provide details of how a shift towards fee for advice payments will be achieved....

Financial planning

Professional Investment Services (PIS) has joined the growing list of dealer groups that have committed to remove the commission payments that product providers make to f...

Financial planning

Godfrey Pembroke has announced it will transition to a holistic fee-for-advice business model for its entire client base as part of its growth strategy in the private adv...

Life/Risk

Australia's largest corporate superannuation fund has entered into an alliance with HCF to deliver discounted health insurance to members....

Financial planning

Income protection insurance applications at ESI Super have surged since the fund formed a partnership with Australian Income Protection....

Life/Risk

Perpetual has boosted the default insurance cover on its Select Super Plan and increased the flexibility and options within the plan....

Financial planning

The Australian Financial Services Group (AFS) has reiterated the value of its Board of Advice (BoA) program, which it claims has resulted in the far-reaching improvement ...

Editorial

The public's perception of insurance companies is not particularly favourable. CommInsure’s Graham Putt explains that it is up to the industry to promote its positive rol...

Life/Risk

High upfront insurance commissions result in a dramatic overselling of products to people who cannot afford it, according to former Money Management Financial Planner of ...

Financial planning

Clearview Retirement Solutions has been acquired as part of a deal between BUPA Australian and MMC Contrarian, but BUPA maintains a stake in its performance due to a 10-y...

Financial planning

NAB and AXA parent may have agreed about the fine details, but the ultimate fate of the merger rests with the ACCC....

Life/Risk

ASIC has released regulatory guidance about the compensation and professional indemnity insurance obligations under the National Consumer Credit Protection Act....

People & Products

Former ING New Zealand chief executive Marc Lieberman appointed to head Metlife in Australia....

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 2 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

5 days 13 hours ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 1 day ago