Freedom Insurance Group Ltd is in a “holding pattern” Freedom Insurance Group Ltd chair Pauline Vamos told shareholders today at an extraordinary general meeting (Insurance News, February 18).
Author: Eva Wiland
Business journalist with passion for food now permanently in Sydney after peripatetic existence ferreting out the truth around the world without fear or favour.
Rising PI rates, regulatory costs force advisers out of industry
The financial advice industry is facing thousands of job losses as practitioners are forced out of the industry by increasing regulatory and compliance costs from rising professional indemnity (PI) insurance rates and restructure of the licensee market, an Adviser Ratings (AR) report reveals.
Younger members continue to abandon PHI funds
APRA’s latest quarterly private health industry (PHI) figures show younger members continue to abandon PHI funds. The biggest drop in 2Q20 on 1H20 was among 30-34-year olds, down 10,286 and the biggest net decline, taking into account movement between age groups, was in the 25-29 age group, down 11,649. In all, 11.2m people, or 44%…
PHI too expensive, too confusing, too little value: Choice
Australians are abandoning private health insurance (PHI) because it is too expensive, too confusing and offers too little value, consumer advocate Choice says.
AFCA 2Q20 retirement standard up 0.8%
ASIC has taken action against several of SMSF auditors after concerns about their failure to meet requirements, including independence and auditing standards, failing to comply with continuing professional development (CPD) requirements and otherwise not being fit and proper persons.
Prime 1H20 revenue stays at $11.1m
Prime Financial Group Ltd has reported unchanged 1H20 revenue on 1H19 at $11.1m while earnings before interest, depreciation and amortisation (EBIDA) was up 15% to $2.4m.
ASIC takes action against SMSF auditors
ASIC has taken action against several of SMSF auditors after concerns about their failure to meet requirements, including independence and auditing standards, failing to comply with continuing professional development (CPD) requirements and otherwise not being fit and proper persons.
