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Financial Standard's top stories of 2017

ALEX BURKE  |  FRIDAY, 22 DEC 2017
... where she played a leading role in the global multi-asset team; and general manager, investment services at QSuper. 5. Insurance giant partners to combine life and health (24 May) AIA Australia joined forces with health fund GMHBA and South African company ...

Spring FG exec transfers to risk advisory firm as part of new partnership

ALEX BURKE  |  FRIDAY, 22 DEC 2017
... Fairbridge Financial Services so as to expedite the process of migrating Spring FG clients to Fairbridge's personal insurance services. Under the new partnership, Fairbridge will be responsible for the implementation of risk strategies and insurance ...

DomaCom secures first integration

JAMIE WILLIAMSON  |  FRIDAY, 22 DEC 2017
... the financial planners advising on property investment often face challenges around specific asset allocation and PI insurance cover, which generally precludes property advice. This can be avoided by engaging professional property advisers to determine ...

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
The Financial Services Council finalised the standard for life insurance approved product lists. From 1 July 2018, Australian financial service licencees who are members of the FSC will be required to include three or more life insurers on their APL. ...

FS has you covered in 2017

DARREN SNYDER  |  FRIDAY, 22 DEC 2017
... members, underpinned by top tier results across all categories including investment performance, member engagement, insurance and innovation. The fund was also awarded Personal Select Choice Product of the Year for the AustralianSuper Personal Plan ...

AustralianSuper launches insurance-free product

KARREN VERGARA  |  WEDNESDAY, 20 DEC 2017
AustralianSuper has launched a new product that will combat superannuation account balances eroding from insurance premiums. Super Only protects short-term workers' accounts employed under the Supported Employment Services Award. Disability supported ...

Bravura inks major international deal

EMMA RAPAPORT  |  WEDNESDAY, 20 DEC 2017
... its operations under the long-term contract, which includes KiwiSaver and a variety of product offering; investments, insurance, platform and securities markets. Sonata is a wealth management solution capable of supporting investment, wrap, pension and ...

ASIC takes further action against MyPlanner

JAMIE WILLIAMSON  |  WEDNESDAY, 20 DEC 2017
... found that he had advised some to establish self-managed superannuation funds and transition existing superannuation and insurance arrangements into the SMSFs without appropriate consideration. It was also found that Fraser failed to disclose potential ...

Fee-for-service faces ultimate risk test

DARREN SNYDER  |  TUESDAY, 19 DEC 2017
Rollout of the Life Insurance Framework (LIF) on 1 January 2018 will be the strongest test of fee-for-service risk advice, a model seen as imperative to the financial advice industry's future. Industry experts say the critical component to make fee-for-service ...

CommInsure life insurance ads misleading: ASIC

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
... insurer pay $300,000 to a community group after ASIC raised concerns about misleading advertisements for two of its life insurance policies. An investigation between mid-2013 to March 2016 found Total Care Plan (sold via financial advisers) and Simple ...