ANZ Wealth CEO resigns suddenly
22 August 2011
In a surprise move, ANZ Wealth CEO John Van Der Wielen has resigned to return to the UK to become MD International of Friends Life…
Life Insurance
FPA continues flight against opt-in proposal
15 August 2011
The Financial Planning Association is continuing its campaign against the opt-in proposal in the Future of Financial Advice reforms…
MLC’s insurance business growth ‘moderate’
15 August 2011
MLC’s position in the life insurance market was “stable” during the three months ending on June 30, although the number of claims rose…
Asteron selling FOFA opportunities
15 August 2011
Asteron is running a two-week national roadshow to explain the opportunities for life insurance advisers from the Future of Financial Advice reforms…
Tower reports a good quarter for its new owner
15 August 2011
TAL (formerly Tower Australia) has reported a $21 million underlying profit for the three months ending June 30…
ANZ sets up FOFA transition financing for advisers
15 August 2011
ANZ has put a new loan facility in place to enable financial advisers to expand their practices after the Future of Financial Advice reforms are introduced next year…
Call for standard terms in PI cover
15 August 2011
The Self-Managed Super Fund Professionals’ Association is calling for standardisation of terms in professional indemnity insurance for financial advisers…
Life industry welcomes FSC moves to stop churning
08 August 2011
The move by the Financial Services Council to stop churning in life insurance has been welcomed by the industry, although most don’t see it as a major problem…
Technology the key to the future
08 August 2011
The future life insurance industry winners will be companies that adapt quickly to using technology for distribution and dealing with legislative changes, according to ANZ Wealth MD John Van Der Wielen…
More dealer groups join FSC
08 August 2011
The Financial Services Council is continuing to attract financial advice dealer groups to its membership…
Commissions the only way to pay for life insurance
08 August 2011
A dealer group that uses the fee-for-service model says the only way to charge clients for providing life insurance cover is commissions…
Life sales falling as consumers lose interest
08 August 2011
Consumer confidence in the life insurance industry has dropped in recent months, according to Reinsurance Group of America MD Pauline Blight-Johnston…
Former Munich Re life boss joins TAL board
08 August 2011
TAL has appointed Roger Garrett, the former Head of Life at Munich Re Australasia, to its board…
Strong half-year for AIA
08 August 2011
AIA Group has reported a 23% increase in new premiums to $US1.09 billion ($1 billion) for the six months ending May 31…
Life industry ‘failing to sell the concept’
01 August 2011
The life insurance industry has failed to convince Australian consumers to buy any cover, says AIA Australia Head of Adviser Services Pina Sciarrone…
Advisers fighting ‘rearguard action’ on FOFA
01 August 2011
Association of Financial Advisers CEO Richard Klipin admits the Future of Financial Advice campaign is now a rearguard action and advisers need to lead the debate in the future…
Life insurance sales up 8.7% in March year end
01 August 2011
Life insurance sales for the year ending March were up 8.7% to $2.27 billion, according to research house Plan For Life…
Insurance to cover after life expenses
01 August 2011
ANZ has launched a new life insurance product aimed at the 50-plus age group to cover expenses after death…
Time to focus on the consumer again – AIA
25 July 2011
The Australian life insurance industry must starting focusing more strongly on customers, AIA Australia CEO Damien Green says…
Zurich cuts premiums for older customers
25 July 2011
Zurich Life Australia has reduced the premiums on its death, trauma and permanent disability products for older consumers…