Freedom slumps on sales decline, cost blowout
03 September 2018
Freedom Insurance Group has reported a 6% fall in net profit to $13.2 million for the year to June 30…
Life Insurance
Clients turn away from wellbeing programs
03 September 2018
Advice clients are not taking up health and wellbeing programs associated with their life insurance policies, according to an Investment Trends report…
AMP Life ratings cut amid Hayne fallout
03 September 2018
S&P Global Ratings has downgraded its rating on AMP Life to A+ from AA-…
Supreme Court to decide on rival AMP class actions
03 September 2018
Four competing class actions filed against AMP in the Federal Court have been transferred to the Supreme Court of NSW…
TAL waives payments for drought-hit farmers
03 September 2018
TAL is waiving life insurance premiums for up to six months for farmers hit hard by the drought in NSW and Queensland…
MetLife opens group claims platform
03 September 2018
MetLife Australia has established a digital platform for lodging and tracking life insurance claims through superannuation fund Statewide…
SuperFriend wins funding for call centre pilot
03 September 2018
Life insurance and superannuation workplace mental health group SuperFriend has received $428,911 from the Victorian Government to run a pilot program for call centre staff…
OneCare joins HUB24 super platform
03 September 2018
ANZ-owned OnePath’s OneCare life insurance products are now available on investment and superannuation platform HUB24…
TAL gives advisers a hand with back injuries
03 September 2018
TAL has extended its musculoskeletal underwriting education program to focus on spinal problems following neck pain…
Industry profit falls flat
27 August 2018
Life insurance industry profits were flat at $2.1 million for the year to June 30, according to latest figures from the Australian Prudential Regulation Authority…
ClearView life business makes gains
27 August 2018
ClearView has reported a 102% jump in net after-tax profit to $26.5 million for the year to June 30…
AIA sees results from its growth strategy
27 August 2018
AIA has reported a 17% jump in the value of new business to $US1.9 billion for the six months to June 30…
Mentor role awaits older advisers
27 August 2018
Older advisers leaving the industry still have a role to play as mentors and supervisors, according to Mentor Education Group…
Ex-Credit Suisse exec takes reins at AMP
27 August 2018
AMP has appointed former Credit Suisse senior executive Francesco De Ferrari as CEO, effective from December 1…
Intervention power puts approved product lists at risk
27 August 2018
Product intervention powers for the Australian Securities and Investments Commission may see approved product lists shrink, the Association of Financial Advisers says…
Centrepoint slumps to loss
27 August 2018
Centrepoint Alliance has reported a net after-tax loss of $6.3 million for the year to June 30, down from a $6.5 million profit the previous year…
TAL forms mental health partnership
27 August 2018
TAL will work with Orygen, a non-profit youth mental health researcher, to raise community awareness of the illness…
Mortgage Choice planners deliver growth
27 August 2018
Mortgage Choice’s financial planning arm more than doubled its net profit to $362,000 in the year to June 30…
YBR snubs ‘opportunistic’ takeover bid
27 August 2018
Yellow Brick Road Holdings has rejected a takeover bid from Ron Brierley’s Mercantile OFM, arguing it undervalues the company…
Hayne piles pressure on business models
20 August 2018
Australian life insurers will face increased pressure to change their business models amid fallout from the Hayne royal commission, KPMG says…