FPA runs up $500,000 loss
14 November 2011
The Financial Planning Association has turned the 2010 financial year’s small profit into a $542,000 loss for the 12 months ending June 30…
Life Insurance
APRA keeps an eye on regulatory reforms
14 November 2011
The Australian Prudential Regulation Authority will ensure life insurance companies fully understand the implications of the Federal Governments reforms to the advice and superannuation industries…
Advisers like Macquarie Life
14 November 2011
Macquarie Life has achieved the highest level of satisfaction from advisers, according to the Investment Trends 2011 Planner Risk Report…
AIA Australia’s rating downgraded
14 November 2011
Standard & Poor’s has reduced its financial strength rating on AIA Australia to A+/stable from AA-/negative…
AMP improves product offerings
14 November 2011
AMP has overhauled its individual and group life insurance products with more medical conditions covered and improvements to its claims service…
Upgraded site explains life insurance in super
14 November 2011
An industry association has upgraded its website explaining the role of life insurance within superannuation funds…
Opportunities for life advisers in new BT business
14 November 2011
BT Financial Group will be looking for life insurance advisers for its new business unit to be headed up by former DKN dealer group CEO Phil Butterworth…
Tell super fund members what’s on offer: Mercer
14 November 2011
Superannuation funds could be losing members because they are not explaining services such as life insurance, says Mercer…
Premium deductions allowed in MySuper
07 November 2011
The initial rules on insurance premiums in the Federal Government’s new MySuper legislation will allow member deductions for life insurance premiums, despite them not being a “permitted fee”…
Claims hit OnePath’s profits, but sales up
07 November 2011
ANZ-owned OnePath’s after-tax profit dropped 4% to $311 million for the year ending September 30…
Asteron named top insurer by advisers
07 November 2011
Suncorp-owned Asteron has been named CoreData Life Company of the Year based on satisfaction ratings by advisers who use it as their main life insurance provider…
Australians ‘need to improve their health’
07 November 2011
Australians are not as healthy as their Asian counterparts, a new report by AIA has found…
New head of group insurance at MLC
07 November 2011
MLC has appointed Megan Beer as its new GM Group Insurance…
Warehouse Group goes online with life offer
07 November 2011
New Zealand’s Warehouse Group has moved into the online life insurance market in NZ with a web-based offering aimed at mums and dads…
AFA goes for reality TV approach
31 October 2011
The Association of Financial Advisers will use a reality TV campaign to grow the market for advice…
Life insurers want to know more about your lifestyle
31 October 2011
Life insurers will be using records from ATMs and credit cards as means of assessing an individual’s risk profile in the future, according to Munich Re Chief Underwriter Life Shane Burdack…
AMP life premiums up 4%
31 October 2011
AMP Financial Services has reported a 4% rise in annual life insurance premiums for the quarter ending September 30…
Lower life insurance revenue hits MLC’s earnings
31 October 2011
A dramatic fall in net income from NAB-owned MLC and NAB Wealth’s life insurance business has reduced the division’s cash earnings by 12.5% to $533 million for the full year ending September 30…
Need for more life insurance in estate planning
31 October 2011
Opportunities for life insurance specialists to become involved in estate planning advice are increasing, says Redchip Lawyers Director Ian Tindale…
Accountants need life insurance advisers
31 October 2011
Life insurance advisers have a growing opportunity to partner with accountancy practices, which are outsourcing such services…