IOOF moves to 61.8% of Plan B
10 September 2012
IOOF’s takeover of Plan B is nearing completion, with the company receiving acceptances for 61.8% of the target’s capital by last Friday…
Life Insurance
CommInsure speeding up claim payments
10 September 2012
CommInsure says it has speeded up its trauma claims service, with 62% of applications accepted within 24 hours through the FastTrack program…
GPG accepts higher bid for ClearView
03 September 2012
Private equity group Crescent Capital will gain control of ClearView Wealth after raising its takeover bid from 50 cents to 55 cents a share and promising special dividends for shareholders who accept…
GPG profits on ClearView sale
03 September 2012
Guinness Peat Group will make a small profit when it sells its stake in ClearView following the takeover by Crescent Capital…
AIA holds inaugural group insurance summit
03 September 2012
The first AIA Australia group insurance summit is taking place in Sydney today, with CEO Peter Crewe calling for closer partnerships between insurers and superannuation funds as the industry navigates…
AMP launches new group life offering
03 September 2012
A new group life insurance offering has been launched combining elements of AMP and Axa services…
UK reforms provide guidance on how to deal with FOFA
03 September 2012
Advisers should look at how the UK handled financial services reforms in 2005 as a guide to implementing the Future of Financial Advice reforms, a global risk consultant says…
Insurance helps WHK’s results
03 September 2012
Accounting and related services company WHK Group has reported strong growth in its general insurance income for the 2012 financial year…
Profit down for Plan B’s last result
03 September 2012
Plan B Group has reported a 29.6% fall in net profit to $3.23 million for the 2012 financial year…
Life industry profitable despite revenue drop
27 August 2012
Australia’s life insurance industry has maintained profits despite a huge drop in revenue during the 2012 financial year…
MySuper bill passes Lower House
27 August 2012
The House of Representatives has passed the MySuper bill after changing the start date for contributions to a fund…
Hostility grows to FSC churning policy
27 August 2012
Opposition to the Financial Services Council’s adviser remuneration guidelines is growing…
Suncorp Life seeing benefits of ‘clean-up’
27 August 2012
Suncorp Life is starting to see the benefits of a “massive clean-up” in recent years, group CEO Patrick Snowball says…
Super insurance framework standards ‘challenging’
27 August 2012
Creating an insurance management framework will be a challenge for many super funds, CommInsure says…
Kiwibank to develop its own life products
27 August 2012
New Zealand Post-owned Kiwibank is to expand its insurance business to include life cover it has developed in-house…
SMSF trustees ‘lack insurance knowledge’
27 August 2012
Self-managed super fund trustees have poor knowledge of life insurance products, resulting in lower levels of protection, a survey has found…
Record annuity sales for Challenger
27 August 2012
Challenger has reported a record sale of annuities for the year ending June 30, up 34%…
AMP advisers help cancer patients
27 August 2012
AMP and the Cancer Council have launched a new program to provide free financial planning services to cancer patients…
Super fund consolidation will hit group policies
20 August 2012
Thousands of group life insurance policies could be cancelled as members consolidate their super accounts, an expert says…
Direct life insurers fuelling growth in the sector
20 August 2012
Canstar has rated Allianz, Real Insurance and Zurich as the top three direct life insurers, and says the product is increasingly popular because companies that offer it are less likely to exclude customers…