AMP takes a hit on insurance operation
19 August 2013
AMP says its wealth protection division’s operating earnings fell 52% to $64 million in the six months to June 30…
Life Insurance
ISN calls for co-operation with advisers
19 August 2013
Having cemented an alliance with the Financial Services Council, the Industry Super Network now wants a similar deal with the advice sector…
Synchron calls for daily adviser payment
19 August 2013
An independent dealer group has called for advisers’ fees and commissions to be paid daily, to avoid losses if licensees fail…
Deadline looms for FPA awards
19 August 2013
Entries for the Financial Planning Association’s Best Practice Awards close on Wednesday…
Economic slowdown hits TAL profit
12 August 2013
TAL has reported a $20 million ordinary profit for the quarter to June 30, down 66% on $60 million in the corresponding period last year…
PIS claims hit Centrepoint profit
12 August 2013
Centrepoint Alliance says earnings will be hit by an increased provision for client claims against its advisory business Professional Investment Services…
Poor margins deter Zurich from group sector
12 August 2013
Zurich has maintained sustainable pricing on its individual life business by avoiding the “volatility and wafer-thin margins” of the group market, according to Australia Life and Investments CEO Colin Morgan…
ASIC releases bumper list of unclaimed life payments
12 August 2013
The Australian Securities and Investments Commission has published a list of unclaimed life insurance payments…
Underinsurance ‘an evolving problem’
05 August 2013
The issue of life underinsurance has evolved from people being without cover to people lacking sufficient cover, according to AIA Australia GM Life Insurance Damian Mu…
FSC calls on industry to find its voice
05 August 2013
The financial services industry must present a united front to governments and consumers, Financial Services Council CEO John Brogden says.…
MetLife reports Q2 earnings rise for Asia
05 August 2013
MetLife’s Asian operating earnings grew 18% to $US330 million ($368 million) in the second quarter, driven by strong underlying business growth across the region…
AIA eyes further growth in Australia
05 August 2013
AIA sees “great opportunities” in Australia after the country contributed to strong new business growth in the company’s first half…
Capital, regulation and claims worry life insurers
29 July 2013
Life insurers’ top three concerns are return on capital, regulation and declining claims experiences, according to a survey of CEOs by the Financial Services Council and investment software group DST…
AFA urges members to challenge perceptions
29 July 2013
Advisers must change government and regulator perceptions of their role, according to Association of Financial Advisers CEO Brad Fox…
Australian operations pull down RGA result
29 July 2013
Reinsurance Group of America has reported a net loss of $US49.6 million ($53.5 million) for the quarter to June 30, down from a $US141 million ($152 million) profit in the corresponding period last year…
AFA award winners ‘set benchmark’
29 July 2013
The quality of entrants for this year’s Association of Financial Advisers Excellence in Education Awards can help improve public perceptions of the industry, according to an award sponsor…
Beazley recruits Richardson for group life role
29 July 2013
Beazley Underwriting continues to grow its Australian group life business, with the appointment of former TAL business development manager Duncan Richardson as Life, Accident and Health Development…
Volunteers join FPA advice campaign
22 July 2013
The Financial Planning Association has received a strong response from volunteers for its Ask an Expert service…
Group insurance guidelines ‘give greater clarity’
22 July 2013
CommInsure has welcomed new Financial Services Council guidelines on group insurance takeover terms…
AFA conference considers shape of things to come
22 July 2013
This year’s Association of Financial Advisers National Conference will focus on the future for practices during a period of unprecedented change…