More advisers selling life insurance through platforms
13 December 2010
More financial advisers are selling life insurance products, with many using an investment platform for the transaction…
Life Insurance
New committee for planning standards
13 December 2010
The Financial Planning Standards Board has formed a new committee to oversee global competency, ethics and practice standards for the industry…
Premium income up for life insurers
13 December 2010
Total inforce annual life insurance premiums rose by 10.1% to $8.71 billion for the year ending September 30, according to research house Dexx&R…
Good opportunities ahead for group insurers
06 December 2010
Potential mergers of large superannuation funds will not impact the group life insurance market and have the potential to grow with the Federal Government’s MySuper proposals…
MLC buys outstanding dealer group stake
06 December 2010
MLC has acquired the remaining equity in Melbourne-based financial advice group Meritum Financial…
Kiwis underinsured for life
06 December 2010
The NZ life insurance industry is set to undergo a review in a bid to fix a growing problem with underinsurance…
New boss for Guardian dealer group
06 December 2010
Suncorp Life dealer group Guardian Financial Planning has appointed Simon Harris as its new Executive Manager…
FPA to change membership rules
29 November 2010
The Financial Planning Association intends to change its membership structure to remove the vote from financial planning practices…
Tower delivers strong 2010 result
29 November 2010
Tower Australia has reported a 24% increase in underlying profit to $92.3 million for the year ending September 30…
AMP/Axa merger deal locked in
29 November 2010
AMP and Axa Asia Pacific Holdings have signed a binding transaction agreement as part of the deal to merge the two companies…
Profit up for Tower NZ, but sales down
29 November 2010
Tower NZ has reported a 16% increase in after-tax profits to $NZ58.1 million ($45.3 million) for the year ending September 30…
Axa takeover almost there
22 November 2010
All six independent Axa Asia Pacific Holdings directors have now approved the AMP take-over bid clearing the way for a formal offer to be put to shareholders…
Young not interested in life insurance
22 November 2010
Generations X and Y are showing the same lack of interest in life insurance as the Baby Boomers, according to Association of Financial Advisers National President Brad Fox…
AIA claims receive high rating
22 November 2010
Life insurance market leader AIA Australia has been awarded an A* rating by The Risk Store for its claims-processing service…
ClearView goes direct
22 November 2010
ClearView Wealth will start direct marketing of its life insurance products through Aegon Direct Marketing Services…
Tyndall changes hands again
22 November 2010
Suncorp has sold its funds management business Tyndall Investments to Nikko Asset Management for $128.5 million…
Axa-AMP deal back on again
15 November 2010
AMP has come up with a new offer to buy out Axa Asia Pacific Holdings’ (Axa APH) minority shareholding after the competition regulator blocked the National Australia Bank’s offer…
Life insurance sales threatened by advice reforms
15 November 2010
Most financial advisers do not expect to see an increase in the amount of life insurance business they write after the Federal Government’s Future of Financial Advice reforms…
AFA advice campaign a step closer
15 November 2010
The Association of Financial Advisers has raised enough funds to move to the business planning stage of its “Make a Plan” consumer campaign…
SMSF members add to underinsurance gap
15 November 2010
The underinsurance gap for life insurance continues to grow as more people move to self-managed superannuation funds, Rice Warner Actuaries says in a new report on life insurance…