Tyndall changes hands again
22 November 2010
Suncorp has sold its funds management business Tyndall Investments to Nikko Asset Management for $128.5 million…
Life Insurance
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…
Need to push trauma insurance
08 November 2010
The public needs to be made aware of the benefits of trauma insurance, according to a new survey of AMP financial advisers…
Strong take-up of online life insurance
08 November 2010
AIA Australia has received more than 800 applications lodged electronically through its LIFEapp portal…
Group insurance looms for SMSFs
08 November 2010
An Adelaide-based accounting firm is looking at providing group life insurance for self-managed superannuation fund members…
AMP reports good third quarter
08 November 2010
AMP has reported increased cashflows for its life insurance business with revenues up by $18 million to $120 million during the quarter ending September 30…
Asteron scraps medicals
08 November 2010
Life insurer Asteron has scrapped mandatory medical reports for all types of insurance cover, a move believed to be an industry first…
AIA shares close at premium
01 November 2010
AIA shares closed at a 3.86% premium on the opening price of $HK22.25 ($2.91) at the end of the newly listed company’s first day of trading on the Hong Kong Stock Exchange…
MLC Insurance reports strong growth
01 November 2010
MLC has reported a 47% jump in the gross income of its life insurance business for the 12 months ending September this year…
ANZ’s life insurance business delivers strong growth
01 November 2010
ANZ has reported a 14% rise in inforce insurance premiums for the 12 months ending September this year…
Tower abandons Fidelity takeover
01 November 2010
Tower has abandoned its takeover attempt of Fidelity Life after strong opposition from the independent life company’s major shareholders…
People don’t want to pay too much for advice
01 November 2010
Only 6% of the public would seek advice on life insurance from a financial adviser, according to new research by Investment Trends…
Avoiding problems with the right insurance tender
01 November 2010
Super funds are often waiting a number of years before obtaining a life insurance policy document, according to a leading lawyer…
Trustees advisers risk claims by avoiding insurance advice
01 November 2010
Financial advisers and accountants risk being sued for not ensuring self-managed superannuation fund trustees have insured properties in their funds…
Advisers come out fighting
25 October 2010
The Association of Financial Advisers has attacked a report which finds that people don’t trust financial advisers…
Tele-interviews ‘more efficient’
25 October 2010
Macquarie Life will now use qualified health professionals to help cut down on the lengthy insurance application process…
AIA closes float early
25 October 2010
Demand for AIA stock has led to the insurer closing the books on its float in the middle of last week, just a few days after the float opened…