Individual Risk Lump Sum Sales Rise
Reported individual risk lump sum sales in the 12 months to 31 March rose slightly by 1.3% according to data published by Plan for Life.
It states that although most insurers, including market leaders TAL...
Growth in Risk New Business a ‘Positive Trend’
The Australian life insurance sector is showing early signs of recovery, albeit from a much-reduced base, states the authors of Adviser Ratings’ 2025 Australian Financial Advice Landscape report.
Among the key findings in the life...
PPS Mutual Retains Top Rating
PPS Mutual has retained its position as the country's highest-rated insurer for the third consecutive year, achieving a Net Promoter Score (NPS) of 54.8 in the Adviser Ratings Australian Financial Advice Landscape 2025 report.
The...
Smaller Practices Grapple with Compliance Burdens
Smaller practices continue to grapple with compliance burdens according to the findings of Investment Trends’ 2025 Adviser Business Model Report.
The report notes that 31% of practices now have more than five advisers, and that...
Insurers Urged to Improve Direct Sale Practices
ASIC is calling on life insurance companies to step up their direct product, sales, and complaints handling practices.
In a letter to industry, ASIC Commissioner Alan Kirkland points to growing concerns about increases in rates...
Advisers Challenged to Confront Their Inner Blocks
Speaking to a packed room of financial advisers at the 2025 MDRT Annual Meeting in Miami, motivational speaker Kim Payne delivered a keynote urging advisers to recognise and overcome the three key barriers that...
Four-Year Ban for Adviser
Gold Coast-based adviser Andrew Rankin has been banned by ASIC from providing financial services, controlling an entity that carries on a financial services business, and performing any function involved in the carrying on of...
Surge in Median Adviser Fees
Median ongoing advice fees have reached record highs, climbing 18% to $4,668 over the past 12 months, according to Adviser Ratings’ 2025 Australian Financial Advice Landscape Report.
“This surge comes as the advice demand gap...
Advisers Numbers Continue to Rise
It’s been another week of adviser growth driven by 14 new entrants and a net change in the financial year to date up by 216, putting the total at 15,395 advisers.
Colin Williams of Wealth...
Life Insurers Call for Action on Mental Health Challenges
CALI has joined a national coalition of experts and industry groups calling on the Federal Government to take urgent action over the impact of rising cases of mental health, and its impact on people,...