Better handling for mentally ill
02 March 2004
Following last week’s Sunrise Exchange News’ tip that the Investment and Financial Services Association was planning to re-commit its efforts to improving life insurance…
Life Insurance
Increasing life expectancy concerns insurers
24 February 2004
Rising age expectancy is emerging as the latest hot issue for the life insurance and superannuation sectors…
APRA winds up 396 ‘uncontactable’ super funds
24 February 2004
Continuing with its hard-line attitude on enforcement, APRA has wound up 396 super funds and disqualified their trustees…
Industry commitment to improving mental health issues recognised
24 February 2004
Australia’s life insurance industry will today commit another two years to the principles of the World First Memorandum of Understanding with the Mental Health Service Stakeholders…
Mixed reaction to FSRA relief
17 February 2004
There’s less than a month before the Financial Services Reform Act officially kicks in but that hasn’t stopped the Government adding yet more changes to the regulations…
Uncertainty for Silvalake advisers
17 February 2004
Insurance and financial services business Silvalake is being wound up after management allegedly told an insurer it’s more than $2 million in debt and can’t afford remittances…
Penn tipped for Axa’s top job
10 February 2004
Axa Asia Pacific has extended CEO Les Owen’s contract for two years and appointed CFO Andrew Penn as CEO of the group’s Australian and New Zealand operations…
Zurich beefs up life strategy
10 February 2004
Zurich Financial Services Australia has appointed a number of specialist underwriting managers in a bid to increase its focus on life risk…
Arrow in heart for new life insurer
10 February 2004
After a rough couple of years, it seems more companies are looking to the life sector for new business opportunities…
Planners look to Plan B
03 February 2004
About 16% of planners belonging to the Financial Planning Association have yet to get their Australian financial services licences…
St Andrew’s gets a life licence
03 February 2004
St Andrew’s Australia has been given the thumbs-up by APRA to start a new life insurance company…
NAB sells UK life operation as it sizes up AMP
09 December 2003
National Australia Bank has sold its British life insurance subsidiary, National Australia Life Company…
Genetic testing decision welcomed by IFSA
09 December 2003
The life insurance industry has welcomed the ACCC’s decision to continue a policy which bans life insurers from requesting genetic testing from potential policyholders…
Changes at the top at FPA
09 December 2003
The Financial Planning Association hasn’t had a happy year, and the addition of well-known company director Kathryn Greiner to the association’s board is one sign that moves…
New Bill to ensure ‘safer super’
02 December 2003
The Federal Government is pushing ahead with legislation which it says will increase consumer protection on superannuation products…
… and tweaks aren’t going to happen
02 December 2003
The financial services industry is supporting the Superannuation Safety Amendment Bill, even though ASIC has reportedly stomped on any chance of “tweaking”…
SA life policyholders slugged 500%
02 December 2003
The South Australian Government has found a new insurance tax lurk, this time with life insurance…
Labor’s super policy welcomed
18 November 2003
The Australian Labor Party’s plan to simplify the superannuation system has largely been welcomed by the financial services sector…
Owen joins Financial Sector Advisory Council
11 November 2003
Axa Asia-Pacific CEO Les Owen and Axiss Australia Executive GM David Kent and have been appointed to the Financial Sector Advisory Council…
Life premiums drop
04 November 2003
APRA’s latest life insurance statistics show premiums dropped by almost 9% to $37.5 billion for the quarter ending June…