AMP Life struggles as claims blow out
22 August 2016
AMP’s life insurance business is under pressure, with rising claims and falling profits painting a sorry picture in its June half-year result…
Life Insurance
Income protection losses blow out further
22 August 2016
Life insurers are still shedding money on income protection business, with the industry reporting a $381 million loss for the year to June 30…
MetLife picks up CareSuper group life business
22 August 2016
MetLife has won the CareSuper group life insurance contract, taking over from CommInsure from January 1…
Challenger annuity sales take off amid distribution drive
22 August 2016
Challenger has reported a 22% increase in total annuity sales to $3.35 billion for the year to June 30…
Independent report backs Diversa takeover
22 August 2016
Superannuation administration provider OneVue’s takeover of competitor Diversa has been approved by the independently appointed expert examining the deal…
AIA upgrades adviser support hub
22 August 2016
AIA Australia has redesigned its practice development centre, the Business Growth Hub, as part of a website upgrade…
NZ life adviser warned over misconduct
22 August 2016
New Zealand’s Financial Markets Authority has warned a registered financial adviser about giving misleading and deceptive advice on life insurance…
AFA fights member revolt on framework position
15 August 2016
Association of Financial Advisers President Deborah Kent has rejected a member’s bid to call an extraordinary general meeting to change the organisation’s constitution…
Premium holds steady as profit falls at CommInsure
15 August 2016
CommInsure says annual inforce premium declined slightly to $1.773 billion in the year to June 30, compared with $1.774 billion the previous year…
AMP website offers help to advisers
15 August 2016
AMP has unveiled an insurance support website for advisers…
AFA steps up support for growing membership
15 August 2016
The Association of Financial Advisers has reported a 60% rise in membership and is introducing a number of initiatives to support its growth…
AIA dominates million-dollar club
15 August 2016
AIA Group boasts more members of the Million Dollar Round Table than any other insurer…
CBA names new customer advocate
15 August 2016
Commonwealth Bank has appointed Brendan French as EGM Customer Advocacy and Remediation…
WA, Queensland lead AFA education award running
15 August 2016
Queensland and WA members dominate the finalist line-up for the Association of Financial Advisers excellence in education award…
Dai-ichi Life reports on tough first quarter
15 August 2016
Dai-ichi Life has reported a 10.4% drop in premium to ¥1.6 trillion for the three months to June 30…
FPA prepares for dream week
15 August 2016
The theme for this year’s 16th Financial Planning Week is “Dare to Dream”, with social commentator and author Jane Caro the campaign ambassador…
Scuba diving data leaves underwriters in dark
15 August 2016
Poor collection of accident data on scuba diving is hampering research into mortality rates and causes, according to Gen Re Underwriter Research and Development Asa Beijer…
Productivity Commission to examine group life value
08 August 2016
Group life insurance will again face scrutiny under a Productivity Commission review of the superannuation industry…
Advisers ‘must act fast’ on succession plans
08 August 2016
Time is running out for life advisers who want to sell their practices before looming regulatory changes, Connect Financial Service Brokers CEO Paul Tynan warns…
Suncorp hails direct sales growth
08 August 2016
Suncorp Life has reported a 6.4% increase in total inforce premium to $1 billion for last financial year…