TAL sees growth in profits and payoutsBY ALEX BURKE | WEDNESDAY, 20 MAY 2015 12:05PMFinancial results from TAL's Japanese parent, Dai-Ichi Life, reveal Australia's biggest life insurer has seen a 12% rise in underlying profit to $146.6 million in the year ended 31 March 2015. Related News |
Editor's Choice
Janus Henderson acquires NBK Wealth, Tabula Investment Management
Janus Henderson has acquired the wealth management arm of the National Bank of Kuwait, NBK Wealth, as well as European ETF provider, Tabula Investment Management.
ART names advice and education leads
Australian Retirement Trust (ART) has revamped its advice, guidance and education team and created two new leadership roles.
Men, women in same occupation drive pay gap
A whopping 80% of the gender pay gap can be attributed to women being paid less than men within the same occupation, a new economic analysis shows.
Macquarie Group profits falls 32% to $3.52bn
Macquarie Group has reported a net profit of $3.52 billion for the year ending 31 March 2024, a 32% decrease from the previous year.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
That is a fantastic result for TAL and an indication of a well run Life Insurance business.
Interestingly, this profitability has occurred over a period where the commission payment model of Upfront, Hybrid or Level options to advisers have been in operation. You would have to think that the much talked about question of Upfront commissions contributing to an unstainable future for Life Insurance companies is a complete smokescreen, when the profitability of TAL has increased by 12% and it's income is 2.2 times it's claim costs.