ClearView bid extended
17 September 2012
ClearView Wealth buyer Crescent Capital has extended its bid to September 28, while the Foreign Investment Review Board has approved the takeover…
Life Insurance
AIA and OnePath named top Canstar life insurers
17 September 2012
AIA and OnePath have won Canstar’s outstanding value life insurance awards for the second year running…
Australian group life keeps growing
17 September 2012
The group life insurance market is poised for more growth, according to NMG Financial Services Consulting Executive Director Mark Prichard…
Big role for life insurance in MySuper
17 September 2012
The life insurance offering will be a key point of difference among MySuper products, Chant West Head of Research Ian Fryer says…
Life insurance premiums continue to grow
10 September 2012
New annual premiums for life insurance rose 37.6% to $2.64 billion in the 2012 financial year, according to data from research house Dexx&r…
Advisers flock to life insurance
10 September 2012
More financial advisers are providing life insurance advice as clients shun investment markets…
Group life works on better pricing
10 September 2012
Group life insurance pricing is becoming more reasonable but it is still a competitive market, according to Aon Hewitt Head of Health and Benefits Matthew Brown…
Guardian plans careful expansion
10 September 2012
Guardian Advice EM Simon Harris says the group will recruit more advisers in the medium term – but they must fit in culturally…
ClearView MD will keep his shares
10 September 2012
ClearView Wealth MD Simon Swanson will not sell his 2.5% shareholding in the company under the $242 million takeover offer by Crescent Capital, as he and fellow director David Goodsall say the bid…
Actuaries warn of ‘longevity tsunami’
10 September 2012
Australia must adopt a range of reforms to cope with the financial pressures of an ageing population, according to a white paper from the Actuaries Institute…
‘Rethink needed’ on insurance for over-50s
10 September 2012
Insurers and super funds must rethink their approach to insuring older members, according to Chant West Head of Research Ian Fryer…
Annuities legislation needs reform, say actuaries
10 September 2012
Development of a sophisticated market for annuity products is being hampered by outdated legislation reducing Australians’ flexibility in financing their retirements, according to the Actuaries Institute…
IOOF moves to 61.8% of Plan B
10 September 2012
IOOF’s takeover of Plan B is nearing completion, with the company receiving acceptances for 61.8% of the target’s capital by last Friday…
CommInsure speeding up claim payments
10 September 2012
CommInsure says it has speeded up its trauma claims service, with 62% of applications accepted within 24 hours through the FastTrack program…
GPG accepts higher bid for ClearView
03 September 2012
Private equity group Crescent Capital will gain control of ClearView Wealth after raising its takeover bid from 50 cents to 55 cents a share and promising special dividends for shareholders who accept…
GPG profits on ClearView sale
03 September 2012
Guinness Peat Group will make a small profit when it sells its stake in ClearView following the takeover by Crescent Capital…
AIA holds inaugural group insurance summit
03 September 2012
The first AIA Australia group insurance summit is taking place in Sydney today, with CEO Peter Crewe calling for closer partnerships between insurers and superannuation funds as the industry navigates…
AMP launches new group life offering
03 September 2012
A new group life insurance offering has been launched combining elements of AMP and Axa services…
UK reforms provide guidance on how to deal with FOFA
03 September 2012
Advisers should look at how the UK handled financial services reforms in 2005 as a guide to implementing the Future of Financial Advice reforms, a global risk consultant says…
Insurance helps WHK’s results
03 September 2012
Accounting and related services company WHK Group has reported strong growth in its general insurance income for the 2012 financial year…