Group life works on better pricing
10 September 2012
Group life insurance pricing is becoming more reasonable but it is still a competitive market, according to Aon Hewitt Head of Health and Benefits Matthew Brown…
Life Insurance
Guardian plans careful expansion
10 September 2012
Guardian Advice EM Simon Harris says the group will recruit more advisers in the medium term – but they must fit in culturally…
ClearView MD will keep his shares
10 September 2012
ClearView Wealth MD Simon Swanson will not sell his 2.5% shareholding in the company under the $242 million takeover offer by Crescent Capital, as he and fellow director David Goodsall say the bid…
Actuaries warn of ‘longevity tsunami’
10 September 2012
Australia must adopt a range of reforms to cope with the financial pressures of an ageing population, according to a white paper from the Actuaries Institute…
‘Rethink needed’ on insurance for over-50s
10 September 2012
Insurers and super funds must rethink their approach to insuring older members, according to Chant West Head of Research Ian Fryer…
Annuities legislation needs reform, say actuaries
10 September 2012
Development of a sophisticated market for annuity products is being hampered by outdated legislation reducing Australians’ flexibility in financing their retirements, according to the Actuaries Institute…
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…
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…