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Showing 1091 - 1100 of 2326 results for "life insurance"

ASIC adds life insurance to school curriculums

KARREN VERGARA AND JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
ASIC is ramping up its financial literacy initiatives that plans to incorporate life insurance in curriculums across primary and secondary schools. Already the regulator is undertaking an extensive program with state and territory governments to train ...

CommInsure executive joins AMP

ALEX BURKE  |  WEDNESDAY, 27 SEP 2017
... expand our distribution capabilities in these markets." The news also follows AMP strengthening the stability of its life insurance earnings profile via releasing $500 million in capital through a new reinsurance arrangement with Gen Re. The arrangement ...

Life insurers challenged by waning planner loyalty

JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2017
... levels will benefit from lower attrition levels." This is of particular importance given the changing nature of life insurance advice as planners prepare their businesses for the impact of the Life Insurance Framework (LIF). The research shows planners ...

Hiking life premiums is short-term thinking: ANZ Wealth

KARREN VERGARA  |  THURSDAY, 21 SEP 2017
... and will create sustainable businesses for financial advisers, according to a new ANZ whitepaper. ANZ Wealth's Life insurance: The case for change report said life insurers are lifting premiums as a result of legacy products designed about 20 years ago ...

Lazy LIF planning means advice businesses at risk

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... the majority of risk advisers are still not prepared for impending changes to remuneration to be brought by the Life Insurance Framework taking effect in January 2018. A study of 200 risk advisers commissioned by Zurich found about 65% remain unsure ...

AIA acquires CBA life insurance businesses

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
The Commonwealth Bank has sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. The sale of CommInsure Life and Sovereign also includes a 20-year bancassurance partnership with AIA for the provision of ...

AMP launches LIF-ready resource

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2017
AMP launched an online Life Insurance Framework (LIF) resource aiming to prepare advisers for the 1 January 2018 legislative changes. The resource hub features video tutorials and a cashflow modeller that assesses the impact different remuneration structures ...

AustralianSuper moves to opt-in insurance

EMMA RAPAPORT  |  MONDAY, 18 SEP 2017
... this initiative when speaking at a Reuters Newsmaker event in July. When asked about his views on the future of life insurance in superannuation Silk said: "The single most common complaint I get addressed to me as chief executive of AustralianSuper ...

Lack of expertise driving down competition: APRA

ALEX BURKE  |  MONDAY, 18 SEP 2017
... benefits that were expected of such financial activities," APRA said. The situation was broadly similar in the life insurance industry, where the five largest insurers account for over 80% of gross industry assets as at June 2017. "This level of concentration ...

Westpac chair joins boutique manager board

KARREN VERGARA  |  MONDAY, 18 SEP 2017
... non-executive director of IOOF Holdings and non-profit organisation CARE Australia. He is also the chair of Westpac Life Insurance Services, St George Life, Westpac General Insurance and Westpac Lenders Mortgage Insurance Services. Griffiths' 30 year ...