Terror attacks push super returns down
23 October 2001
The September 11 attacks have pushed equity markets down, pushing the average balanced super fund down by 2.6%, according to investment analysts Ausbil Dexia…
Life Insurance
Axa pulls out of Taiwan life
16 October 2001
Axa Asia Pacific has sold its Taiwanese life-insurance business to Dutch Insurer Aegon, leaving the group with a $26 million after-tax writedown…
Local companies follow parents’ merger
25 September 2001
Australia’s Scudder Investments operations will merge with Deutsche Asset Management’s after their European parents, Zurich and Deutsche Bank, swapped key businesses…
Regulation of financial conglomerates
18 September 2001
The FSR Act will bring many challenges to the financial services sector, according to accountants Ernst & Young…
Companies should audit for green dividends, says Marsh
11 September 2001
Companies which fail to undertake environmental audits risk being sidelined by the increasingly important investment sector of “ethical investors”, says mega-broker Marsh…
Challenger reports a big profit rise
04 September 2001
Sydney-based financial services company Challenger International has reported a 91% rise in its 2000/01 profit…
A super lack of knowledge
28 August 2001
Norwich Union Life Australia has established what has been long suspected: that most Australians don’t know much about superannuation…
Worries over medical opinions for hire
21 August 2001
“Doctor shopping” and fraud allegations are the two main areas of concern for the Financial Industry Complaints Services panel, which has released its first annual report…
Marsh takes over Comcare from GIO
14 August 2001
Marsh has emerged from a field of insurers and risk specialists to grab Comcover’s risk services account…
Royal & Sun sheds small fry for FSRB
07 August 2001
Royal and Sun Alliance has consolidated its financial services division from 20 units to five…
Zurich gets into the education game
31 July 2001
Zurich has introduced a new education program designed to empower the employees to take control of their finances…
Customer satisfaction – the gap keeps growing
31 July 2001
Credit unions are beating the banks in the battle for business, according to research conducted by Eureka…
Norwich launches Super education campaign
24 July 2001
Norwich Union Life has taken hold of a big super industry problem and applied an innovative new approach: education…
Slow insurers face a bleak future
17 July 2001
Insurance companies which maintain traditional business models with inefficient operational cost structures face a bleak future, according to Peter Wyatt, MD of loss adjusters…
AMP expands uk market exposure
10 July 2001
Fresh from selling off its general insurance operations in Australia, AMP is continuing its strategic expansion into the British wealth creation market…
AXA opens up global markets to locals
10 July 2001
A new range of managed funds launched into the retail market yesterday by Axa Australia will use leading finds manager Alliance Capital…
Super-split law passes Senate
03 July 2001
The Senate has finally passed the Family Law Legislation Amendment (Superannuation) Bill, which provides for separating couples to split their super…
APRA keeps close to super review
26 June 2001
APRA is trying to devise ways to improve the quality and timeliness of information it receives from superannuation funds…
AXA profit roundup
13 June 2001
Axa Asia-Pacific made an after-tax operating profit of $162 million for the six months to March 31, thanks mainly to the buoyant health insurance market…
Tax loophole plugged
13 June 2001
The Federal Government has closed a loophole in the Income Tax Assessment Act that applied to dividend imputations and life insurance companies…