Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1531 - 1540 of 2326 results for "life insurance"

ASIC imposes conditions on Guardian Advice

STAFF WRITER  |  WEDNESDAY, 7 JAN 2015
... uncovered deficiencies in the advice it provided to retail clients. ASIC said the company, which specialises in life insurance advice, was not complying with its general obligations as an AFS licensee, including failing to properly supervise its authorised ...

Adviser remuneration "critical": Trowbridge Interim Report

ALICE URIBE  |  THURSDAY, 18 DEC 2014
... advice and the remuneration of adviser incentives were raised as "critical" areas in the interim report of the Life Insurance and Advice Working Group (LIAWG) established by the Association of Financial Advisers (AFA) and the Financial Services Council ...

IRESS appoints board director

LAURA MILLAN  |  WEDNESDAY, 17 DEC 2014
... director and chief executive officer. Tomlinson also led the first demutualisation and ASX listing of an Australian life insurance company. He has been a non-executive director of National Australia Bank (NAB) from March 2000 to December 2014, including ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... standards and establish mandatory membership of advice associations for their planners. Risk at risk Australia's group life insurance sector has experienced an increase in claims and policy lapses in the last few years. The confluence of factors pressuring ...

Life company profits flat

JAMES FERNYHOUGH  |  WEDNESDAY, 10 DEC 2014
Revenue and profits for the 12 months to June 2014 have remained flat for life insurance companies, according to the latest statistics released by the Australian Prudential Regulation Authority (APRA). While most of the figures released in the latest ...

MetLife US proactive lobbying lesson for Aust

ALEX DUNNIN  |  TUESDAY, 9 DEC 2014
... Americans manage their economic security," MetLife said. While MetLife said it fully endorses prudent regulation of the life insurance industry they said the regulation must be appropriate to an insurer's capital structure. "The business of insurance ...

Advisers debate insurance commissions ban

LAURA MILLAN  |  TUESDAY, 9 DEC 2014
... start to look at ways to diversify their revenue,following the Financial System Inquiry (FSI) recommendations on life insurance and commissions. "There has been enough noise around this issue that every commission based adviser should be thinking about ...

FSI calls for tax relief to switch out of legacy products

MARK SMITH  |  TUESDAY, 9 DEC 2014
... industry to develop a mechanism to facilitate product rationalisation, focusing on the managed investments and life insurance sectors. The mechanism would have provided capital gains tax relief when switching from genuine legacy products to newer models. ...

FSI report favours longevity pooling

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... has all these features, a CIPR is likely to be a combination of products... Superannuation funds may work with life insurance companies, other funds or other entities to provide CIPRs." The report suggested a CIPR could be combination of account-based ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such ...