Where to now for the life insurance industry
It is going to be more important than ever for life cover to be sold by advisers who have a deep understanding of why people might need it, writes Andrew Main.
September 19, 2018
Small firms big targets of cyberattacks
Hackers are going after smaller advice firms, one expert has warned. Until the industry benchmarks security standards, he says, the rich pickings will continue for cyber criminals.
September 18, 2018
Property looks the catalyst for a rout
Talk of the impact further falls in the property market will have on investor portfolios, and markets more broadly, keeps getting louder.
September 18, 2018
NAB nixes ‘wealth’ in leadership shuffle
Changes to the bank’s executive team lead to abandonment of the term ‘wealth management’, amid reputational damage control.
September 17, 2018
CFPs wait nervously for FASEA ruling
FASEA signed a memorandum of understanding with TEQSA in April and has held discussions about recognition of qualifications but the fate of the FPA’s CFP program is unknown.
September 14, 2018
Many advisers are planning to fail: research
As long as revenue keeps rolling in, advisers think everything is going to be fine, new data shows – but the truth may well be different.
September 14, 2018
TAL’s covert surveillance revealed at Hayne inquiry
The insurer hired a private investigator and used medical professionals to find evidence that would allow it to discontinue an expensive claim.
September 14, 2018
Time to call yourself an adviser
If you’re calling yourself a financial planner, it’s possible you’re selling yourself short and clients will be less likely to open up to you.
September 13, 2018
CommInsure grilled by Hayne inquiry
CommInsure's Helen Troup accepted the bank was motivated by "commercial considerations" in not updating a heart attack definition, which led to rejections of valid claims.
September 12, 2018
More class actions against retail funds ‘within weeks’
AMP and Commonwealth Bank’s Colonial First State were singled out by a law firm that could file class actions in which “a third of adult Australians” could be eligible.
September 11, 2018
Regulatory uncertainty tapers managed accounts growth
It appears there is no shortage of interest in managed accounts but doubts about the viability of business models going forward have put many advisers into a holding pattern.
September 11, 2018
