Axa Asia-Pacific rejects bid from its parent and AMP
09 November 2009
Axa Asia Pacific Holdings has rejected an $11 billion takeover proposal from its Paris-based parent company and rival financial services giant AMP…
Life Insurance
Macquarie’s funding operation on solid footing
09 November 2009
Growing life and premium funding opportunities have contributed to an 83% increase in Macquarie Banking and Financial Services Group half-year profit to $137 million…
Green takes top job at AIA Australia
09 November 2009
Newly appointed AIA Australia CEO Damien Green is looking forward to the challenge of leading one of the country’s largest insurers in life risk…
Westpac insurance units kick on
09 November 2009
Westpac Banking Corporation insurance units have delivered a 20% increase in annual cash earnings of $191 million as premium growth offsets higher general insurance claims…
IFSA board takes on two new directors
02 November 2009
The Investment and Financial Services Association board has received a slight shake-up following its AGM last week, with ING Australia CEO Harry Stout and Mercer Australia CEO…
Super deal to revive group premiums at Tower
02 November 2009
Tower Australia expects its new group risk account with AustralianSuper, which kicked off yesterday, will offset the departure of Asgard and ANZ mastertrusts early this year…
MLC banks on Aviva acquisition
02 November 2009
Wealth management and life insurance provider MLC expects good returns from the buyout of Aviva Australia after net operating income fell 15% in the year to September…
FPA board approves fee-based pay
26 October 2009
Financial Planning Association members will stop receiving commissions from July 2012…
Diversity the key for Axa
26 October 2009
Axa Asia Pacific is counting on diversified products and a wide geographic spread to counter an ongoing slump in investor confidence…
GFC fallout far from over says KPMG expert
26 October 2009
KPMG Financial Services Chairman Andries Terblanche has warned financial services professionals that fallout from the global financial crisis is far from over…
Industry relief on disability super benefits
19 October 2009
The Federal Government has amended a tax law to allow for the deduction of insurance premiums for disability superannuation benefits…
Planners take their message to MPs
19 October 2009
The Financial Planning Association is targeting federal parliamentarians in a campaign to explain their role…
Tower to roll out new life platform
19 October 2009
Tower Australia has announced it will roll out its new life insurance platform Accelerated Protection from November 1…
No PI relief in sight for financial planners
12 October 2009
The professional indemnity insurance squeeze for financial planners shows no signs of abating, as combined factors continue to make underwriters wary of the risks…
Australia jumps to No 2 financial centre
12 October 2009
The World Economic Forum has ranked Australia as the number two financial centre in the world behind the UK…
Super changes could affect insurance
12 October 2009
The Treasury’s proposed changes to transfer lost members’ superannuation accounts to the Australian Taxation Office could strip members of their insurance coverage…
Australian market raises Chinese, Indian interest
12 October 2009
The Australian Trade Commission says Australia is seen as an important financial services market within the Asia-Pacific region, with growing interest from Chinese and Indian…
Doctors support disability insurance scheme
12 October 2009
Doctors are joining the push for a national disability insurance scheme…
Millennium3 takes stake in Elders planning
05 October 2009
Millennium3 Financial Services has stepped up its rural presence by taking a 51% stake in Elders Financial Planning…
Life insurers’ quarterly profits up
05 October 2009
Life insurance is continuing to prove popular, with life insurers’ June quarter profit increasing 347% over the previous quarter to reach $568 million…