NAB insurance earnings dip as claims rise
13 May 2013
NAB Wealth’s insurance earnings fell 48% to $48 million in the six months to March 31 on higher claims, increased lapses and changes to the retail insurance book profile…
Life Insurance
Go direct to Gen X, Deloitte tells life insurers
13 May 2013
Life insurers should use direct marketing to attract Generation X consumers, according to a new report by Deloitte…
Financial advisers still preparing for FOFA, survey finds
13 May 2013
Many financial advisers are unprepared for new rules that take effect from July 1, according to a survey by software company Midwinter…
Young females are ‘new face of financial planning’
06 May 2013
Female membership of the Financial Planning Association is growing each year, reflecting “a change in the profession”…
Loyalty cards lift British retailer’s insurance sales
06 May 2013
Supermarket loyalty schemes are driving sales of insurance, UK retail giant Tesco says…
Macquarie Life annual premiums up 24%
06 May 2013
Macquarie Life inforce premiums for the 12 months ending March 31 were $155 million, up 24% from $125 million in the previous year…
ANZ insurance business grows 10%
06 May 2013
ANZ says total insurance annual inforce premium for the six months to March 31 was $1.8 billion, up 10% on the previous corresponding period…
BT Financial’s insurance earnings increase 39%
06 May 2013
BT Financial Group’s insurance result rose 39% in the six months to March 31, boosted by an expanded distribution network and cross-selling across Westpac brands…
AFS creditors to meet
29 April 2013
The first AFS Group creditors’ meeting will be held on May 6, its administrator says…
Government backs tighter rules on advisers’ PI cover
29 April 2013
Financial services providers will face tighter rules on professional indemnity insurance following a report on the collapse of Trio Capital and Richard St John’s inquiry into compensation arrangements for consumers…
WHK and SFG keep talking
29 April 2013
Accounting services firm WHK says merger talks with financial advisory and insurance group SFG are continuing and commercial due diligence on the deal is being undertaken…
AFA conference puts consumers centre stage
29 April 2013
The Association of Financial Advisers will focus on consumers at this year’s national conference in October…
Think of the children, Zurich warns advisers
22 April 2013
Advisers should consider the impact a sick child could have on a family’s finances when arranging a parent’s life cover, according to Zurich GM Retail Life Phil Kewin…
New MLC chief Hagger joins FSC board
22 April 2013
The Financial Services Council has appointed MLC’s new CEO Andrew Hagger to its board…
Steadfast adds life cover to the mix
22 April 2013
Steadfast has moved into the life insurance market, in a newly branded joint venture with Sydney financial planning business Steadfast Life…
PIS chief steps down
22 April 2013
Peter Walther, the CEO of Centrepoint Alliance’s financial planning business Professional Investment Services (PIS), has resigned after 18 months with the company…
Stanton to run Western Pacific
22 April 2013
Nathan Stanton has been appointed Head of SFG’s adviser business Western Pacific Financial Group…
Life industry enjoys year of growth
15 April 2013
Life insurance inflows increased 11.7% to $11.5 billion last year, according to the latest Plan For Life data…
Life claims top $4 billion
15 April 2013
Life insurers paid more than $4 billion on claims last year, according to the latest Risk Store report…
Super tribunal sees drop in death disputes
15 April 2013
Death benefit distribution was the second-largest dispute category for the Superannuation Complaints Tribunal in the three months to December…