IFSA survey shows rosy future for funds managers
13 August 2002
Despite a “modest” performance by funds managers this year, the industry expects strong growth over the next 12 months, according to a survey…
Life Insurance
Tower heads for new local horizon
06 August 2002
New Zealand-based Tower is continuing with a radical restructure of its local business following the reluctant departure of long-serving CEO James Boonzaier…
Hang in there, says MLC
30 July 2002
The recent volatility of the share market shouldn’t put investors in panic mode, says Bruce Coleman, the CEO of MLC Investment…
AXA senior executives leaving
23 July 2002
A string of senior executives are quitting Axa Asia Pacific, leaving questions over who will lead the group into the future…
Poor returns end super dream run
23 July 2002
Low or negative investment returns being experienced by many super fund members for 2001-02 reflect the cyclical nature of investing and have been preceded by…
Concerns over inadequate super
16 July 2002
Evidence presented to the Select Senate Committee on Superannuation last week has raised concerns that super will only serve as an adequate income for future retirees…
LIMRA says banks can increase life insurance market share
16 July 2002
Banks will be able to grab a larger share of the life insurance market if they convince consumers they can meet their insurance needs, according to a survey…
Compulsory savings means more investor education
09 July 2002
As superannuation returns continue to head south at an alarming rate, Norwich Life MD Allan Griffiths has appealed for more financial planning education for Australians…
Super funds face shutdown
09 July 2002
Up to 300 Australian superannuation funds could be shut down if strict new standards being pushed by the industry regulator are imposed…
Training chiefs seeking more providers
02 July 2002
The National Finance Industry Training Advisory Body has developed new guidelines to boost the number of financial planning training providers…
Coonan’s super plans under fire
02 July 2002
Shadow retirement incomes minister Nick Sherry has vowed to amend the Taxation Laws Amendment Bill (Superannuation) No 2 to fully protect the super balances of all Australians…
Super Choice Bill introduced
02 July 2002
The Superannuation Legislation Amendment (Choice of Superannuation Funds) Bill 2002 was introduced to Parliament last week, with an implementation date of July 1 2004…
Lumley Life achieves $100 million goal
02 July 2002
Lumley Life has hit the $100 million annual premium income milestone, attributing its success to an innovative and client-focused outlook…
Human touch earns Costello praise
24 June 2002
A commitment to having the telephone answered “by a human being rather than an answering machine” is one of the many attributes of a new consumer service launched…
More from less: AMP’s plans for UK
24 June 2002
AMP will slash 1500 jobs from its UK operations in an 18-month $260 million cost-cutting program…
ASFA places a value on a year
24 June 2002
The Association of Superannuation Funds of Australia says the Government should set a minimum retirement income of $25,000 a year…
Lynn Ralph will try consultancy
24 June 2002
Retiring IFSA CEO Lynn Ralph, who will hand over to her deputy, Richard Gilbert in August, intends to start her own consultancy in corporate governance…
Super failure costs Government $25m
17 June 2002
Customers who lost money after the collapse of super trustee Commercial Nominees of Australia will be bailed out to the tune of $25 million by the Federal Government…
Wanted: women who lead and innovate
17 June 2002
Know any women in the banking or finance industry who’ve demonstrated leadership and innovation..?
Axa sells its health insurance business
11 June 2002
A major new player in the health insurance market took centre stage last week when Axa Asia Pacific finally sold its private health insurance operations, HBA and Mutual Community…