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Life Insurance

Concerns remain about FOFA proposals

05 September 2011

The modification of the opt-in proposal and allowing commissions on retail life insurance has been welcomed in some quarters. But the critics of Assistant Treasurer Bill Shorten’s Future of Financial…

Group life continues to grow

05 September 2011

The group life insurance industry is expected to grow strongly in the next 15 years, according to a new report by Rice Warner…

OnePath helps advisers with FOFA

05 September 2011

ANZ-owned OnePath has already responded to the proposals in the draft Future of Financial Advice bill by launching an adviser support package…

Commonwealth starts dealer group consolidation

05 September 2011

Commonwealth Bank’s surprise takeover offer for dealer group Count Financial is being seen as the first of many such deals as the industry consolidates with the looming government reforms…

ClearView signs up with CFS

05 September 2011

ClearView has signed a private label agreement with Colonial First State Custom Solutions to create a wealth management platform with full wrap capabilities…

Early responses praise FOFA draft bill

29 August 2011

Industry associations and insurers have generally welcomed the draft Future of Financial Advice legislation, which was announced this morning by Assistant Treasurer Bill Shorten…

Commission ban hits all

29 August 2011

There will be no winners if the Federal Government proceeds with its ban on commissions for life insurance sold through superannuation…

Christchurch life claims exceed $NZ1 billion

29 August 2011

Death claim settlements from the Christchurch earthquake have now surpassed the $NZ1.1 billion ($874 million) mark, according to the Accident Compensation Corporation…

Westpac takes over BT Life

29 August 2011

Westpac is to take over the life insurance business of its funds management arm BT in a move to centralise its operations…

Strong result for ClearView

29 August 2011

ClearView Wealth has reported a 260% jump in its after-tax profit to $8.7 million for the year ending June 30…

First-half life insurance sales up for AMP

22 August 2011

AMP life insurance earnings were up 15% to $84 million for the six months ending June 30 this year, compared to $73 million in the first half of last year…

Insurance good news at Westpac

22 August 2011

Sales of insurance products have been a positive for Westpac in the June quarter as it warns of further job cuts…