Advisers call for flat life commissions
14 May 2012
Advisers are calling for flat life insurance commissions to enable them to deal with administering these payments in a fee-for-service model…
Life Insurance
Australia leads in direct life insurance distribution
14 May 2012
Australia is one of the leading countries for direct life insurance sales, according to Oliver Wyman Principal Brad Clarke…
AMP insurance business ticking along
14 May 2012
AMP’s individual and group life insurance net cash flow in the first quarter to March 31 was $193 million, slightly down from the $198 million in the corresponding period last year…
Good result for NAB’s life insurance business
14 May 2012
NAB Wealth has reported a 4% rise in total annual inforce premiums to $1.49 billion for the half-year ending March 31…
OnePath offers split TPD ownership
14 May 2012
OnePath has joined the list of insurers now splitting ownership of total and permanent disability cover inside and outside super…
TAL appoints new direct business chief, CFO
14 May 2012
TAL has appointed John Hoyle as CEO of its direct distribution channel InsuranceLine…
Gen Y not helping the stats
14 May 2012
Asteron Life research has confirmed what everybody knows – young Australians are the accident-prone generation…
Life insurers ‘need to embrace data analytics’
07 May 2012
Life insurers are falling behind the rest of the financial services industry with their use of data analytics, according to Deloitte Partner Paul Swinhoe…
Accountants push for their bit of FOFA
07 May 2012
Pressure is mounting on the Federal Government to release the next tranche of the Future of Financial Advice reforms that will cover the exemption on licensing for accountants…
OnePath losses continue
07 May 2012
OnePath has reported a $31 million loss for the six months ending March 31…
BT’s new life business up 47%
07 May 2012
BT Financial Group has reported $540 million life insurance inforce premiums for the six months ending March 31…
Consumers confused on life insurance, says Macquarie
07 May 2012
Consumers appear confused about life insurance, according to research by Macquarie Adviser Services…
Good signs for AMP/Axa integration
07 May 2012
AMP is about 25% into its Axa integration program after one year, according to AMP Integration Director Paul Sainsbury…
Time to think about 50 years of retirement
07 May 2012
The financial services industry needs to think about people spending 50 years retired, a study reveals…
Australians worry about saving for a rainy day
07 May 2012
Having enough money for a rainy day is the biggest financial worry for Sydney, Melbourne, Adelaide and Perth residents, according to Macquarie Adviser Services research…
Bill sets out new rules for life insurance in super
30 April 2012
Trustees of super funds will now have to provide minimum levels of default life and total and permanent disability insurance to members…
Industry backs insurance strategy for super funds
30 April 2012
The group life industry is supporting the Australian Prudential Regulation Authority move for super funds to have an insurance strategy…
Brokers boost Macquarie result
30 April 2012
The insurance broking market has been highlighted as a key growth area for Macquarie Banking and Financial Services…
Better TPD claims management cuts disputes
30 April 2012
Better definitions and claims management is leading to a decline in group total and permanent disability disputes reaching the Superannuation Complaints Tribunal…
Super advisers still face revenue uncertainty
30 April 2012
The life insurance advocacy role of corporate super advisers has been ignored during the Future of Financial Advice debate, according to the Corporate Superannuation Specialist Alliance…