Advisers seen to be fairer than banks
20 August 2012
Consumers see financial advisers as fairer than their banking and credit card counterparts, according to a Financial Services Institute of Australasia survey…
Life Insurance
Commonwealth Bank insurance profit rises despite higher claims
20 August 2012
Commonwealth Bank’s income from insurance operations increased 12% to $960 million in the year to June 30, despite higher claims from its general and life insurance businesses…
ClearView profit jumps on stronger life revenues
20 August 2012
ClearView Wealth has reported a 158% rise in net profit, to $22.34 million, following a fall in discounting on its life insurance products, growth in new business and lower claim levels in the year to June 30…
Better results for NAB insurance
20 August 2012
NAB Wealth has reported a stronger June quarter for its insurance business…
Profit up at AMP’s wealth protection business
20 August 2012
AMP’s wealth protection business has reported a 21% increase in after-tax profit to $176 million for the six months ending June 30…
ANZ insurance business on track
20 August 2012
ANZ’s Global Wealth division, including OnePath insurance, is trading in line with market conditions, the bank has announced…
ACORD starts group life message standard testing
20 August 2012
Technology standards organisation ACORD is to begin testing its policy variation message standards with its Australian life insurance members…
AFS picks distribution expert as new CEO
20 August 2012
Australian Financial Services Group has appointed Bombora Advice director Alan Logan as its new CEO…
Medical upgrades for AMP’s income protection
20 August 2012
AMP has changed the eligibility criteria on income protection insurance in its Flexible Lifetime Protection, to allow more customers to access it…
FPA launches guides for Financial Planning Week
20 August 2012
The Financial Planning Association will launch a range of consumer tools during Financial Planning Week, which starts today…
Call to build investor confidence in life companies
13 August 2012
Investors value life insurance assets lower and the industry needs to boost confidence in the sector, TAL MD Jim Minto says…
Government’s role in health insurance questioned
13 August 2012
The Federal Government should look at its involvement in the health insurance sector before calling for the industry to cut premiums, an actuarial consultant has claimed…
New chairman for Cigna NZ
13 August 2012
Cigna New Zealand has appointed former ANZ executive Steven Fyfe as its chairman…
Plan B accepts IOOF’s takeover
13 August 2012
Plan B has recommended shareholders accept IOOF’s takeover offer…
Adviser software includes social media links
13 August 2012
IRESS has enhanced the social media tool in the latest version of its adviser back-office software, XPLAN 2.2…
Qualified support for FSC’s new churning rules
06 August 2012
The two main adviser bodies have given qualified support for the Financial Services Council’s new life insurance remuneration framework…
Government reforms ‘create better financial services industry’
06 August 2012
Better governance of the financial services industry will be in evidence in five years thanks to the Federal Government’s reform agenda, Financial Services Minister Bill Shorten says…
Opposition ‘has draft FOFA changes ready’
06 August 2012
The Federal Opposition has drafted its Future of Financial Advice amendment legislation based on the 16 recommendations in its response to the parliamentary joint committee report on FOFA…
NDIS ‘no risk for life insurers’
06 August 2012
Life insurers will not see any impact on their businesses from the National Disability Insurance Scheme, Every Australian Counts National Campaign Director John Della Bosca says…
AIA on growth path
06 August 2012
AIA is the fastest-growing life insurer in the Australian market, according to its Australia CEO Peter Crewe…