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Showing 181 - 190 of 392 results for "Insurance Business"

Suncorp begins life business optimisation

DARREN SNYDER  |  THURSDAY, 9 FEB 2017
Suncorp is implementing an optimisation program for its Australian life insurance business in a bid to improve competitiveness and achieve better customer outcomes. Announcing its half-year results today, Suncorp said it was rolling out the optimisation ...

MLC shakes up retail leadership team

ALEX BURKE  |  MONDAY, 30 JAN 2017
... retail advised insurance Melissa Heyhoe said. "The recent acquisition of an 80% shareholding in the MLC Life Insurance business by Nippon Life Insurance Company presents us with an immense opportunity to develop and grow our capabilities and expertise. ...

NAB appoints research veteran to head retirement arm

ALEX BURKE  |  FRIDAY, 13 JAN 2017
... "time was right" to restructure the group following the demerger of Clydesdale and the selling down of its life insurance business to Nippon Life. He explained: "We have had a very clear plan over the last two years and have taken the action required ...

Top 10 superannuation stories in 2016

STAFF WRITER  |  WEDNESDAY, 21 DEC 2016
... behind AustralianSuper, which recently surpassed $100 billion in FUM. The move follows NAB selling its life insurance business, under the MLC brand, to Nippon Life; in doing so, the bank separated its investments, life insurance and superannuation arms ...

ANZ wealth sale marks end of an advice era

ALEX BURKE  |  FRIDAY, 4 NOV 2016
... follows Suncorp exiting advice, Bankwest closing its salaried advice division and NAB selling 80% of its MLC life insurance business to Nippon Life. Speaking to Financial Standard, recently-appointed AdviceIQ consultant and former Premium Wealth Management ...

Advisers urged to meet challenges together

DARREN SNYDER  |  THURSDAY, 6 OCT 2016
... of life as financial advisers. Kent drew on the personal example of her own father who ran a successful life insurance business in the 1970s, where, alongside five agents, he sold life insurance, funeral plans and health insurance to customers. "It was ...

NAB and Nippon Life complete sale

DARREN SNYDER  |  TUESDAY, 4 OCT 2016
A $2.4 billion sale of National Australia Bank's life insurance business to Nippon Life was finalised yesterday. Following the sale NAB said its MLC Life Insurance business would see changes to the board of parent entity, MLC Limited. Joining the MLC ...

Former Westpac adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
... his time as a Westpac representative. Mahoney was employed by BT Financial Group in the Westpac scaled advice insurance business from October 2013 to July 2014 to provide retail clients with general advice only. Specifically, the investigation found ...

Risk advice revenue falls 7pc in 2016

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
... found a better deal elsewhere for their clients. Half of the respondents said they had stopped writing new insurance business with one insurer in the last year. "The recent media scrutiny has triggered planners to demonstrate they are picking the best ...

Life revenue drops, profit increases

DARREN SNYDER  |  WEDNESDAY, 17 AUG 2016
... mainly comprised of net policy revenue ($16 billion) and investment revenue ($9.1 billion). Superannuation life insurance business increased its net profit after tax by 6.9% to $1.73 billion in the 12 months to 30 June 2016. This is despite revenue halving ...