AMP slashes more jobs to rescue troubled UK market
10 December 2002
AMP has slashed another 2000 jobs, mainly from its European operations, as its shares continue to dive and the company looks sure to deliver further significant losses for the year…
Life Insurance
Tower Group losses mount pressure for change
10 December 2002
Financial services group Tower is reeling from the company’s huge losses, with its Chairman Colin Beyer making sure everyone knows who he thinks is to blame: former CEO James Boonzaier…
AXA extends Les Owen’s contract
10 December 2002
The board at Axa Asia Pacific has agreed to extend the contract of CEO Les Owen by two years…
Job survey finds financial services in demand
26 November 2002
Jobs in accounting and financial services are expected to experience the strongest demand in the next quarter, according to the latest quarterly TMP Worldwide Job Index…
“Harder, sharper”: AMP boss cuts 1200 jobs
19 November 2002
AMP’s newly appointed chief executive Andrew Mohl is continuing on his cutting way as he tries to stem losses at the giant company…
IFSA wants reform of money-laundering laws
05 November 2002
The Investment and Financial Services Association wants the Federal Government to enact reforms to deter money-laundering and help identify illegal transactions…
Super funds’ internal controls need monitoring
05 November 2002
Superannuation funds need stronger risk management and better monitoring of their internal controls, according to a survey…
S&P raises AMP’s financial rating
29 October 2002
Standard & Poor’s raised the A- short-term counterparty credit ratings on AMP to A and removed the company from CreditWatch positive, where it was placed in September…
Life insurers will pay “legitimate” claims for Bali attack
22 October 2002
Life insurers will pay legitimate claims in life insurance policies linked to the Bali bombings, despite terrorism exclusions…
Super tax review? Maybe…
15 October 2002
The Federal Government will review the amount of tax it is ripping out of superannuation, but don’t expect any early redress…
Australia leads region in fin services
15 October 2002
More than 40% of Australia’s 112,000 overseas tertiary students studying at Australian universities are undertaking studies related to financial services disciplines…
How much you’ve lost
15 October 2002
For all those insurers and brokers worrying about the equity markets and the impact they’re having on insurance company profits – and premiums – Ausbil Dexia…
Helpful guide to getting an AFS Licence
08 October 2002
With ASIC experiencing a high rejection rate of licence applications at the pre lodgement stage, the Securities Institute, in conjunction with ASIC and Freehills is conducting…
Super trustees given a helping hand
08 October 2002
And with super trustees also affected by legislative and market changes, the Australian Institute of Superannuation Trustees released the fourth edition of its Trustee Handbook…
Tax changes affect life insurance
17 September 2002
Amendments to the income tax law affecting life insurance companies have been announced by Assistant Treasurer Helen Coonan…
AXA wants more
10 September 2002
Things have been looking positive at AXA Asia Pacific since it announced its mid-year results, and the word is that the group will remain committed to its strategy…
ING goes Tandem
10 September 2002
Tandem Financial Advice is the name of ING’s new streamlined advice structure that will now run RetireInvest and Millennium 3, which ING has now purchased outright…
Size doesn’t matter in super, says APRA
03 September 2002
APRA has branded as a myth the long-held belief that large superannuation funds are in less danger of failure than smaller funds…
Planners top the complaints list
27 August 2002
Complaints about the activities of financial planners and stockbrokers increased by 22% last year, according to the Financial Industry Complaints service…
Income protection encouraged
20 August 2002
Norwich Union has embarked on a campaign to raise awareness of the need for income protection policies…