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Showing 1201 - 1210 of 2276 results for "Premium"

Life insurers must address group risk schemes: APRA

DARREN SNYDER  |  FRIDAY, 6 NOV 2015
... relation to group, and more recently the individual and disability income business. "For example, a series of significant premium increases for many group risk schemes has had the intended effect of restoring short-term profitability. These increases ...

Aspen revises fund merger proposal after Sunsuper bid

ALEX BURKE  |  WEDNESDAY, 4 NOV 2015
... merger creates an improved platform for future value creation." The revised proposal is valued at 60c per APPF share: 29.8% premium to APPF's net asset value, approximately 17.5% to the fund's most recent valuations (at June 30), and a 2c premium over ...

Banks face wealth management challenges

DARREN SNYDER  |  TUESDAY, 3 NOV 2015
The big four banks' wealth businesses benefitted from a lower Australian dollar and a strong performance in investment markets for most of the year but generating acceptable return on equity (ROE) remains a challenge. Presenting EY's analysis of Australian ...

MLC offers insurance rollover to external funds

ALEX BURKE  |  MONDAY, 2 NOV 2015
... superannuation funds. The rollover provides multiple benefits to super funds, including a 15% upfront tax credit, 7% annual premium discount, enduring authority, automated annual premium payments and an "up to 20%" discount on income protection premiums. ...

Westpac to refund unwanted insurance

ALEX BURKE  |  THURSDAY, 29 OCT 2015
Westpac will refund premiums paid for insurance customers did not need following an ASIC review. Over 10,600 Westpac customers will receive notification from Westpac that they are eligible for refunds, the bank having charged them for loan protection ...

Zurich cleans up at Plan For Life awards

ALEX BURKE  |  THURSDAY, 29 OCT 2015
Zurich has won in three categories at Plan For Life's 2015 Direct Life Insurance awards. Aside from the overall Direct Life Insurance Excellence Award, Zurich also picked up the Term Life and Customer Service for Life Companies awards. Held in Sydney ...

MLC insurance sale to cost NAB $1.5bn

LAURA MILLAN  |  THURSDAY, 29 OCT 2015
National Australia Bank (NAB) has agreed to sell 80% of MLC's insurance business for $2.4 billion, but it estimates it will lose over $1.5 billion in the transaction. The bank told investors that the transaction would involve an indicative loss of $1.1 ...

NAB sells insurance business to Nippon Life

LAURA MILLAN  |  WEDNESDAY, 28 OCT 2015
... wealth returns for shareholders," NAB Group chief executive Andrew Thorburn said. Plan for Life report of life insurance premium inflows and sales for the year to June 2015 shows that MLC had 12.1% market share of premium, 1% down from June 2013. MLC ...

AMP wealth earnings down post-Genesys closure

ALEX BURKE  |  FRIDAY, 23 OCT 2015
... which the update also attributed to "negative investment market movements." While AMP's insurance business saw an annual premium in-force increase of 3% to $1.9 billion, the statement noted that the business had also suffered due to "claims experience ...

AFA appoints member services manager

ALEX BURKE  |  FRIDAY, 23 OCT 2015
... services manager. Roz Kaye joins the AFA from netwealth, where she was head of operations. She has also held roles at Premium Wealth Management, Australian Wealth Management, Bridges Financial Services and TAL Life. "Over the past 12 months, the AFA ...