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Showing 1341 - 1350 of 2326 results for "life insurance"

Bank love affair with wealth management waning

KERRIE SYDEE  |  MONDAY, 16 MAY 2016
... scaling back of a number of wealth management arms. Recently National Australia Bank (NAB) sold 80% of its MLC life insurance business to Japan's Nippon Life for $2.4 billion. This was followed by its demerger with Clydesdale in the UK early in 2016 ...

Perpetual appoints exec director, director resigns

KERRIE SYDEE  |  THURSDAY, 12 MAY 2016
... pursue a non-executive career. Gordon currently chairs the Group Investment Committee of FWD Group, a pan Asian life insurance company based in Hong Kong. He is also a director of Total Risk Management, a company which is part of the Russell Investments ...

Life insurers paid $6.9bn in claims in 2015

MARK SMITH  |  WEDNESDAY, 11 MAY 2016
Mainstream life insurance companies paid out a total of just over $6.9 billion in claims in 2015, according to figures from The Risk Store. The statistics show that a total of 89,291 claims were paid for an average $77,279 per claim. Put another way ...

ASIC levies up 150pct

KERRIE SYDEE  |  TUESDAY, 10 MAY 2016
... million)." Under the proposed levies, authorised deposit taking institutions would be required to pay $22.2 million, life insurance/friendly societies $10.5 million, general insurance $13.2 million and superannuation $24.5 million. The paper states that ...

Zurich launches optimised adviser portal

KERRIE SYDEE  |  MONDAY, 9 MAY 2016
... Investment Kristine Brooks said ZLife represented a major leap forward in digital service capabilities within the life insurance sector: "Efficiency is currently the primary focus for the majority of advisers, but the challenge has been to drive meaningful ...

ANZ won't make LIF transition until bill is restored

ALEX BURKE  |  FRIDAY, 6 MAY 2016
ANZ advisers won't transfer to Life Insurance Framework remuneration arrangements until the relevant legislation is restored, according to ANZ Wealth managing director Alexis George. Speaking at a media event in Sydney, George referenced the Corporations ...

NAB posts $1.7bn net loss from Clydesdale IPO

ALEX BURKE  |  THURSDAY, 5 MAY 2016
... record of delivering significantly improved results since 2013. The long-term partnership and sale of 80% of our life insurance business to Nippon Life is progressing well and remains on track for finalisation in the second half of calendar year 2016," ...

APRA counts life insurance losses

KERRIE SYDEE  |  FRIDAY, 29 APR 2016
... released its submission to the Senate Economics Committee on the inquiry into the scrutiny of financial advice - life insurance, claiming that the profitability of the sector is under strain. The submission argued that weak profitability has been driven ...

Narev defends CommInsure record, wrote to five customers

ALEX BURKE  |  THURSDAY, 28 APR 2016
CBA chief executive Ian Narev has defended his company's life insurance arm in a letter to Senator Chris Ketter, noting he wrote to five affected customers recently. Referencing CBA's submission to the Senate Economics References Committee's Scrutiny ...

Asteron Life upgrades adviser facility

DARREN SNYDER  |  WEDNESDAY, 27 APR 2016
Pending remuneration changes in the life insurance industry has led to Asteron Life launching its upgraded adviser service fee facility. The enhanced facility enables an automated collection and payment service for advice fees charged to clients, which ...