Nippon takes life business off NAB for $2.4 billion
02 November 2015
NAB has sold 80% of MLC’s life insurance business to Nippon Life for $2.4 billion and agreed to continue distributing product for the next 20 years…
Life Insurance
Zurich emerges as big winner in direct life awards
02 November 2015
Zurich Financial Services has won this year’s Plan For Life direct life insurance excellence award…
Group life drives OnePath performance
02 November 2015
ANZ-owned OnePath has reported a 3% rise in inforce premium to $2.2 billion for the year to September 30…
Former Perpetual director to lead Shadforth
02 November 2015
IOOF-owned Shadforth Financial Group has appointed Angus Benbow as its new CEO, replacing Nick Bedding, who left in August…
NZ insurer brings in former AFA boss
02 November 2015
New Zealand life insurer Sovereign Assurance has appointed former Millennium3 CEO Richard Klipin as Chief Distribution Officer…
Advisers lose battle on new industry framework
26 October 2015
The only good news for life insurance advisers in the Federal Government’s response to the Financial System Inquiry is that changes to commissions and the controversial clawback proposal will now start on July 1 next year – a six-month delay…
Income protection claims sting AMP
26 October 2015
AMP has reported modest life sales growth for the third quarter, but has suffered a blowout in income protection claims…
Helmich to chair TAL dealer group
26 October 2015
Former AMP financial planning executive Steve Helmich has been appointed Chairman of TAL-owned dealer group Affinia…
AIA hub to guide advisers through transition
26 October 2015
AIA Australia is offering advisers online and face-to-face support to grow their practices…
NAB expands advice compensation scheme
26 October 2015
NAB will write to customers who may have received non-compliant advice since 2009, and will offer compensation if claims against it are upheld…
AFA expands membership team as numbers grow
26 October 2015
The Association of Financial Advisers has expanded its membership support team in response to growing numbers…
AFA appoints head of policy and professionalism
19 October 2015
The Association of Financial Advisers has appointed Samantha Clarke to the new role of GM Policy, Professionalism and Marketing…
NZ adviser designations ‘cause confusion’
19 October 2015
The various designations for advisers in New Zealand leave consumers confused, AMP has warned…
Nippon Life poised to enter Australian market via NAB
19 October 2015
Nippon Life has moved a step closer to entering the Australian life insurance market by signing a memorandum of understanding with NAB…
Insurers face uncertainty under TPD definitions
19 October 2015
There is an increasing need for “robust and reliable evidence” when handling total and permanent disability claims, a white paper from MetLife and Swiss Re says…
Prescott moves into ‘family office’ sector
19 October 2015
Prescott Securities is to offer “family office” services, and has appointed Malcolm Caire to run the Adelaide-based business…
FPA produces life guide
19 October 2015
The Financial Planning Association has refocused on quality of advice with the introduction of a new life insurance guide…
AFA takes clawback case to new Assistant Treasurer
12 October 2015
The Association of Financial Advisers will again push for changes to the clawback proposal when it meets new Assistant Treasurer Kelly O’Dwyer this week…
Insurers can’t justify premium increases, comparator says
12 October 2015
A life insurance comparator has questioned premium increases by the major companies following a good financial reporting season…
ASIC bans Commonwealth advisers
12 October 2015
The Australian Securities and Investments Commission has banned two Commonwealth Financial Planning advisers, in a move welcomed by the bank…