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Advisers' role to grow: Tynan

Advisers’ role in health insurance is likely to grow over the coming years, Southern Cross Health Society chief executive Peter Tynan says.

Monday, September 15th, 4:16PM

The society has reported a year-end deficit of $1.1 million, which he said was due to higher-than-expected-claims, predominantly driven by orthopaedic procedures and specialist consultations.

For every $1 of premium, the society returned 90.4 cents in claims. Southern Cross said the rest of the health insurance industry returned an average of only 67.5 cents.

Over the financial year, it earned $738...MORE»

Insurers need to self-regulate advisers before it’s too late

Wednesday, September 10th, 7:32PM

Newpark managing director Darren Gannon says the insurance sector needs to regulate itself before it’s too late.

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Perceptions about the price of life insurance

Wednesday, September 10th, 11:05AM

The quick approach to price comparison on life insurance is both entirely understandable, and dumb.

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AIA changes commission, clawback structure

Friday, September 5th, 10:25AM

AIA is increasing its standard commission rates and changing its clawback structure.

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Partners drops shadow share scheme

Wednesday, September 3rd, 6:00AM

Partners Life is winding up its shadow share offer to advisers.

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AMP well-positioned for insurance tax changes

Friday, August 22nd, 7:11AM

AMP has posted a solid result for the six-months to June 30, as it prepares for the change in life insurance taxation rules next year. Managing director warns there is pressure ahead, especially in the distribution space.

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It's always the adviser's fault - not

Thursday, August 21st, 9:17AM

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Sovereign posts solid result

Friday, August 15th, 11:53AM

Sovereign has reported a solid result for the 12 months to June 30 and says new products and the adviser channel are going well.

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Strategy Thoughts

Tip from the top

Fidelity Income Protection
Changes to the wording make it easier to issue policies, but advisers should be careful about proof of income.

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  • Bank advice concerns questioned
    “@Dr. Taylor. Dave Mason from BNZ here. BNZ has no restrictions on produce being on house as we do not manufacture. We prefer...”
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  • Bank advice concerns questioned
    “Just out of interest Mike - where would you suggest they go and work? Presumably just not in QFEs? In any capacity? It's...”
    2 days ago by interested observer
  • Bank advice concerns questioned
    “Just out of interest Mike - where would you suggest they go and work? Presumably just not in QFEs? In any capacity? It's...”
    2 days ago by interested observer
  • Bank advice concerns questioned
    “Hi Mike, I think you are sharply understating the risks here of FMA directors and staff ultimately working for the banks...”
    2 days ago by Brent Sheather
  • Action needed on DIMS
    “Perhaps rather than reminding AFAs to get their house in order, the FMA would be better off spending that time finalising...”
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Cover Notes - Specific news aimed at risk advisers

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