Plan B and Clearview bids wrap up
15 October 2012
IOOF’s $49.1 million takeover of Plan B is moving into the completion phase, with the company having secured 96.05% of shares when the bid closed last Tuesday…
Life Insurance
Former Aussie marketer joins TAL
15 October 2012
TAL Retail has appointed Greg Johnson as its head of product and marketing…
Service and technology key to competition: West
08 October 2012
Life insurers must focus more on service and technology to differentiate themselves from competitors, according to MLC Insurance EGM Duncan West…
MySuper products to offer income protection
08 October 2012
More than half of super funds aim to include income protection in their MySuper product offering, according to a survey by AIA Australia…
AFS reviews adviser relationships
08 October 2012
Australian Financial Services Group CEO Alan Logan has instigated a strategic review to define the company’s direction following the Future of Financial Advice reforms…
AFA announces rising stars
08 October 2012
The Association of Financial Advisers has named five finalists for its Rising Star of the Year Award, with Victorians dominating for the second year in a row…
New head of marketing at TAL Direct
08 October 2012
TAL Direct has appointed David Hunt as its new chief marketing officer…
Online media expert joins Synchron
08 October 2012
Social media specialist Aaron Zelman has left Priority Life to start his own life insurance practice with Synchron…
Rise in PI excess hurts financial advisers
01 October 2012
Higher excesses on professional indemnity insurance may hit advisers and dealer groups harder than premium rises, according to Seaview Consulting Director Bob Neill…
Investors need to cover longevity risk: Swiss Re
01 October 2012
Insurers and reinsurers must encourage capital markets to invest in long-term funding for longevity, according to Swiss Re…
Life insurance complaints dominate SCT rulings
01 October 2012
Life insurance disputes featured in more than half of the Superannuation Complaints Tribunal’s determinations in the last quarter of the 2012 financial year…
Weiss waits for ClearView role
01 October 2012
Gary Weiss, the powerbroker in Crescent Capital’s $242 million takeover of ClearView Wealth, must wait until next June 30 to become chairman following a deal between the groups and the Australian Prudential…
AIA buys into Sri Lanka
01 October 2012
AIA Group has bought UK insurer Aviva’s Sri Lankan life insurance business for $US109 million ($104 million)…
Insurance problems with Trans-Tasman deal
24 September 2012
Members moving their super from Australia to New Zealand under a new fund portability agreement will lose their life insurance cover…
Comprehensive insurance advice key to best interests
24 September 2012
Advisers must ensure they cover all a client’s insurance needs under proposed best interest duty regulations, according to WHK National Head of Lending and General Insurance Terry Lingard…
MySuper insurance rules bill introduced
24 September 2012
The third tranche of the MySuper regulations has been introduced to Parliament…
APRA defines insurance reporting in super
24 September 2012
The Australian Prudential Regulation Authority has proposed new reporting standards for life insurance held in super funds…
Zurich updates occupations for life products
24 September 2012
Zurich has reviewed its risk rating for engineering and mining jobs, added more than 30 occupations to its adviser guide and enhanced its definition of malignant cancer in relation to breast cancer…
AIA recruits partnerships leader
24 September 2012
Life group AIA Australia has appointed Sam Tremethick to the new role of national manager, strategic partnerships…
Income protection for mums and dads
24 September 2012
InsuranceLine has launched a new income protection product for stay-at-home parents – providing up to $3000 a month if they are unable to perform their regular duties…