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LIFE INSURANCE
Financial planning
Commbank has continued to perform despite some struggles within its wealth management businesses....
Financial planning
Concerned that the Trowbridge report reflects their working reality, life/risk advisers dominate 130 submissions to the Life Insurance and Advice Working Group....
News
The Financial Ombudsman Service (FOS) has again pointed to the inadequacy of professional indemnity insurance, as unpaid compensation from its rulings approaches $15 mill...
Financial planning
Product manufacturers need to ensure their services and compliance procedures are up to standard, with ASIC set to take a hard-line approach in 2015, according to legal e...
Financial planning
FOS has reduced its backlog of cases but unpaid determinations have climbed for the third reporting period in a row to a record high....
Life/Risk
A recent court case sheds light on the details advisers need to consider when replacing an insurance policy, Col Fullagar writes. ...
Financial planning
Consumers would be better served if financial planners and risk advisers were required to hold separate licences, Synchron director, Don Trapnell, believes....
Life/Risk
While most surveyed Australians rate life insurance as important, little more than half actually take out a policy, according to a TAL survey. ...
Financial planning
New research suggests few superannuation fund members have any real idea of the life insurance they hold inside super....
People & Products
TAL parent, Dai-ichi, announces North American and Asia-Pacific expansion plans....
Financial planning
ISA has reiterated its calls for advisers to move with haste to a fee-for-service model, with all commission-based fees banned, including on life insurance....
Life/Risk
APRA warns life insurers they need to take responsibility for the manner in which their products are sold....
Life/Risk
Synchron’s Don Trapnell urges risk advisers to counter worst elements of Trowbridge interim report, including five-year responsibility period....
Top 100
BT Financial Group (BTFG) has been named as Risk Company of the Year in the Money Management/DEXX&R Adviser Choice Risk Awards, securing the win from TAL and OnePath, whi...
Top 100
AIA Australia has come out on top in the term and total and permanent disability (TPD) product category at the Money Management/DEXX&R Adviser Risk Choice Awards, beating...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...