Financial News Headlines
Husband loses insurance dispute over wife's death
Insurance, 17 May :: <p>A man whose wife’s life insurance policy was revoked after a superannuation death benefit clause change has lost his dispute... read more Insurance that pays out as soon as extreme weather hits sounds appealing
Insurance, 08 May :: <p>Australians could soon see a new type of insurance that would pay out as soon as extreme weather hits... read more Australian home insurance in crisis?
Insurance, 05 May :: <p>Warmer temperatures linked to climate change are likely to make home insurance unaffordable for over 500,000 homeowners in Australia by 2030, according to a report from the Climate Council... read more AFCA finds MLC failed to give proper notice of rate increases
Insurance, 04 May :: <p>A dispute ruling against MLC, the Australian Financial Complaints Authority (AFCA) found that the company did not give adequate notice when it raised the critical illness premiums of a policyholder... read more RBA lifts official interest rate
Finance, 03 May :: <p>The Reserve Bank of Australia lifted the official cash rate by 25 basis points at its meeting Today... read more Heavy reporting requirements limiting the financial services sector.
Finance, 03 May :: <p>As of 1 October 2021, Australian Credit License and Australian Financial Services License holders have been obliged by law to report specified matters to ASIC and could face legal proceedings if they fail to do so... read more Maritime Super hit with ASIC infringement notices for misleading statements
Superannuation, 03 May :: <p>Australian Securities and Investments Commission (ASIC) has announced that Maritime Super has paid $26,640 to comply with two infringement notices relating to the alleged misleading of its members regarding its investment partnership with Hostplus... read more NSW Adviser Convicted
Insurance, 18 Dec :: <p>ASIC has convicetd a former Financial Adviser of managing a corporation while disqualified in a NSW court earlier this week... read more If insurance was free, would there still be an under-insurance problem?
Insurance, 18 Dec :: <p>Even if price was not a factor, AMP`s Chris Kirby argues that Australia would still have an under-insurance problem... read more House price rise below expectations
Home Loans, 20 Nov :: Australian house prices edged higher in the September quarter, but by much less than economists expected... read more Wall St jumps on housing, cliff retreat
Sharemarket, 20 Nov :: Stock markets in the United States and in Europe have rallied on signs that US politicians are open to a deal on the impending package of spending cuts and tax hikes in the US... read more Police issue warning about bank scam
Finance, 20 Nov :: Melbourne police are warning people about a scam in which fraudsters pose as bankers and ask for money... read more FPA announces Best Practice Award winners
Financial Planning, 20 Nov :: The Financial Planning Association (FPA) has rewarded its top financial planners with the announcement of the 2012 Best Practice Award winners in Melbourne... read more Infrastructure an untapped investment opportunity
Investment, 20 Nov :: Infrastructure assets may provide investors with a reliable income stream as the need for private sector involvement in infrastructure funding continues to grow... read more SMSFs well under control, says ATO
Superannuation, 20 Nov :: <p>Despite some reports to the contrary, the latest Australian Taxation Office (ATO) annual report has confirmed that breaches by self-managed superannuation funds (SMSFs) remain well under control... read more Victorian financial group collapses owing $660m
Investment, 26 Oct :: Investors have been caught up in the collapse of the Victorian-based Banksia Securities financial group, which owes $660 million... read more Regulatory compulsion propels commercial insurance
Insurance, 26 Oct :: Australia is the second largest advanced market in Asia for commercial insurance, not least because of regulatory requirements around issues of professional indemnity, according to new research released by SwissRe... read more Premium rates for life cover sold by advisers in decline
Insurance, 26 Oct :: Premium rates for life cover products sold by financial advisers fell by an average of 10 per cent across 11 leading insurance providers between December 2004 and June 2012, according to a joint study by Clearview and Plan For Life... read more ANZ nets solid profit despite wealth management
Finance, 26 Oct :: ANZ banking group has reported a solid full-year result with net profit attributable to shareholders up 6 per cent to nearly $5... read more Licensees should be responsible for codes of conduct
Financial Planning, 26 Oct :: Professional codes of conduct should be the responsibility of financial services licensees rather than industry associations in order to be fairer to consumers, according to MyAdviser managing director Philippa Sheehan... read more White paper reveals secrets of retirement
Superannuation, 26 Oct :: <p>Proper preparation for retirement requires an early start to financial planning, a sense of "self and purpose" beyond work, and an active mind and body, according to financial planner Charmaine Curtin... read more Life insurers pay out $4 billion in 2011
Insurance, 01 Jul :: The 10 biggest life insurers paid out just under $4 billion in claims in 2011 - up 11.4 per cent from 2010, according to research conducted by The Risk Store... read more Industry super funds' primacy in question following Productivity Commission findings
Superannuation, 01 Jul :: Industry super funds would lose much of their primacy in the default funds sphere if the Government were to accept the recommendations contained in the Productivity Commission's draft report into default funds under modern awards... read more SMSF trustees might have to acknowledge risks
Superannuation, 06 Jun :: An Australian Securities and Investments Commission (ASIC) official has acknowledged that the regulator could vary the standard licensing conditions applying to financial advisers to require them to point out that self-managed superannuation funds (SMSFs) carry a higher level of risk... read more Rate cut boosts local markets
Sharemarket, 06 Jun :: Australian stocks gained ground ahead of today's Reserve Bank board meeting on interest rates, reversing much of yesterday's heavy falls as hopes rose that further action will be taken to address Europe's debt problems... read more RBA calms nerves with another rate cut
Home Loans, 06 Jun :: The Reserve Bank has moved to calm rattled households and non-mining sectors of the economy by shaving 25 basis points from the cash rate... read more Regulator has no 'best practice' on superannuation rollovers
Superannuation, 01 Jun :: The time taken by some superannuation funds to rollover member deposits may annoy many financial planners, but the Australian Prudential Regulation Authority (APRA) does not collect data on how long it takes and has no view on what represents "best practice"... read more Good financial advisers keep clients realistic
Financial Planning, 01 Jun :: Financial advisers can be crucial to keeping their clients engaged in their superannuation and from over-reacting to market gyrations, according to Bendigo Bank senior manager technical and research Julie McKay... read more Direct life insurance up but credit insurance flat
Insurance, 01 Jun :: Overall direct life insurance sales have grown 11.3 per cent in 2011 and in-force annual premiums are up 10... read more Millions lack access to basic financial services
Finance, 01 Jun :: Nearly 3 million Australians do not have access to basic financial products such as a credit card, car insurance or even a bank account, according to a private study... read more |
