Super Choice Bill introduced
02 July 2002
The Superannuation Legislation Amendment (Choice of Superannuation Funds) Bill 2002 was introduced to Parliament last week, with an implementation date of July 1 2004…
Life Insurance
Lumley Life achieves $100 million goal
02 July 2002
Lumley Life has hit the $100 million annual premium income milestone, attributing its success to an innovative and client-focused outlook…
Human touch earns Costello praise
24 June 2002
A commitment to having the telephone answered “by a human being rather than an answering machine” is one of the many attributes of a new consumer service launched…
More from less: AMP’s plans for UK
24 June 2002
AMP will slash 1500 jobs from its UK operations in an 18-month $260 million cost-cutting program…
ASFA places a value on a year
24 June 2002
The Association of Superannuation Funds of Australia says the Government should set a minimum retirement income of $25,000 a year…
Lynn Ralph will try consultancy
24 June 2002
Retiring IFSA CEO Lynn Ralph, who will hand over to her deputy, Richard Gilbert in August, intends to start her own consultancy in corporate governance…
Super failure costs Government $25m
17 June 2002
Customers who lost money after the collapse of super trustee Commercial Nominees of Australia will be bailed out to the tune of $25 million by the Federal Government…
Wanted: women who lead and innovate
17 June 2002
Know any women in the banking or finance industry who’ve demonstrated leadership and innovation..?
Axa sells its health insurance business
11 June 2002
A major new player in the health insurance market took centre stage last week when Axa Asia Pacific finally sold its private health insurance operations, HBA and Mutual Community…
Equities drop hits super funds
11 June 2002
Superannuation funds are heading for their first negative financial year since 1998, according to investment funds specialist Dexia…
The silent auction continues
04 June 2002
The $1 billion-plus sale of Royal & SunAlliance’s local life insurance assets is imminent, according to analysts…
Health funds want more freedom
04 June 2002
Health funds have called on the Federal Government to expand their powers so they can have more “freedom” to choose which doctors and hospitals they reimburse…
Which bank wants to expand into Asian life insurance?
28 May 2002
Despite plans to sell its Malaysian life business operations, the Commonwealth Bank is still keen on expanding its life insurance business into Asia…
Budget ignores life tax call
21 May 2002
Despite a recommendation in the Ralph Report, the Federal Government has decided to allow the current taxation of life insurance bonds to remain as it is…
Deadly exemption can be countered
07 May 2002
The majority of life insurance claims are attributed to heart attack, stroke, cancer and coronary disease, according to life insurer Norwich Union…
Erosion worries super funds
23 April 2002
Not-for-profit superannuation funds say they are under threat because of recommendations being framed by the Federal Government’s superannuation working group…
Zurich partners with Deutsche
16 April 2002
Following the sale of its wealth manager Scudder Investments to Deutsche Bank, Zurich has handed control of its Australian investment business to Deutsche Asset Management…
Life sales drop a little
09 April 2002
Retail life insurance sales are trending down, according to the latest research from industry analyst DEXX&R (formerly Rice Kachor)…
Financial planners be warned
09 April 2002
As if financial planers haven’t got enough on their plates with the stresses of the Financial Services Reform Act – now ASIC and the Australian Consumers Association…
S&P’s watch Australian health insurers
03 April 2002
Now that medical indemnity insurance is on life support, the next focus for the Federal Government is health insurance…