Aviva officially disappears from Australia
11 October 2010
The Aviva brand has now completely disappeared in Australia, with MLC takeover being formally completed on October 2…
Life Insurance
ACCC defends NAB/Axa decision process
04 October 2010
The Australian Competition and Consumer Commission has defended the amount of time it took to make a decision on the proposed NAB and Axa Asia Pacific Holdings takeover deal…
Tower launches bid for Fidelity
04 October 2010
Tower has launched a $NZ118 million ($90 million) bid for unlisted privately owned Fidelity Life Assurance Company…
ASIC stops ‘misleading’ share offer
04 October 2010
The Australian Securities and Investments Commission has stopped a share trading company from making offers for AMP and Axa Asia Pacific Holdings shareholders…
FPA chair to step down
04 October 2010
Financial Planning Association Chairman Julie Berry will not be seeking re-election at this year’s board elections…
Sydney makes top 10
27 September 2010
Sydney has come in 10th in the latest Global Financial Centres Index by the Z/Yen Group…
Advisers switch to life insurance for income
27 September 2010
Australia’s 18,000 financial advisers are now deriving almost half of their income from selling life insurance, according to research house CoreData…
Zurich teams up with Ellerston
27 September 2010
Zurich has launched a new partnership with specialist fund manager Ellerston Capital to provide a new range of investment funds…
OAMPS Super Fund sold to Equity Trustees
27 September 2010
OAMPS Super Fund has been sold by Wesfarmers to Melbourne-based Equity Trustees for $10 million…
Russell upgrades super insurance
27 September 2010
Russell Investments has upgraded the life insurance products offered through its superannuation master trust and corporate schemes covering about 100,000 members…
NAB gives up on Axa
20 September 2010
National Australia Bank has sold its shareholdings in Axa Asia Pacific Holdings after the Australian Competition and Consumer Commission again blocked the takeover…
Strong inflows for Macquarie’s Active
20 September 2010
Macquarie Life’s new Active product has attracted $1 million of premiums in the first 10 weeks of operation…
MLC Insurance seeks new head
20 September 2010
MLC Insurance is looking for a new Executive GM following Andrew Hagger’s promotion to run parent company National Australia Bank’s corporate affairs and marketing…
Life industry in good shape
13 September 2010
The life insurance industry has finished the last financial year in very good shape, according to new surveys by the Australian Prudential Regulation Authority and Dexx&R…
CBA settles more Storm claims
13 September 2010
The Commonwealth Bank has now settled more than 900 of the outstanding 1120 claims lodged with plaintiff law firm Slater & Gordon over the collapse of dealer group Storm Financial…
Zurich launches new sales kit
13 September 2010
Zurich has launched a kit to help life insurance advisers target the medical professions…
AIA goes online for group insurance
13 September 2010
AIA has introduced its online life insurance application tool into the group insurance market…
ING and Zurich top life tables
06 September 2010
ING Life and Zurich have been jointly given Cannex’s “outstanding value” award in its latest life insurance report for their products and pricing…
Helping the move to fee pricing
06 September 2010
The Association of Financial Advisers will be running seminars for advisers on how to work towards fee-for-advice pricing…
Macquarie Life grows despite profit warning
06 September 2010
Macquarie Group says its financial services businesses are continuing to expand, despite the bank issuing a profit warning to the Australian Securities Exchange today…