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Showing 2311 - 2320 of 2326 results for "life insurance"

ACA statement draws fire from AFA

A statement about life insurance made by Catherine Woltuizen, chief policy officer of the Australian Consumers Association, has drawn fierce criticism from financial advisers. "I am stunned that Catherine Woltuizen should claim that young families with ...

Federal Court approves CPH merger with Challenger

... normal trading expected to start on July 16. Challenger's chief executive Chris Cuffe plans to split the group's life insurance operations from its non-life businesses once the merger is complete.

CBA's First State expands into China

... investments," he added. If approved, this joint venture will be the second CBA presence in China after the Bank's life insurance joint venture with China Life CMG in Shanghai.

APRA introduces licence fees for new ADIs

... licence fees of up to $68,200 for new authorised deposit-taking institutions (ADIs), general insurance companies and life insurance companies, it has announced. APRA chief executive Graeme Thompson said that licensing is a critically important element ...

IFSA gives thumbs up to draft Superannuation Bill

... balanced." "We have put a consistent case to government to build on the existing strengths of retail superannuation, life insurance and managed funds - businesses that currently meet licensing, registration and risk management requirements, and now we ...

Ireland sets new course for Mariner

... on behalf of Mariner Retirement Solutions. In addition, Mariner Retirement Solutions would also expand into the life insurance business, either through applying for a licence to offer this kind of product, or by buying an existing life company. The proposed ...

Total managed funds fall 2% to $624.21 billion: ABS

... $297.08 billion during the December quarter, while investments by superannuation funds held and administered by life insurance offices stood at $163.79 (down from $164.35 billion in December). Other managed funds totalled $169.98 billion, down from $173.66 ...

APRA warns super funds and life insurers on "legacy issues"

... beneficiary entitlements or expectations." According to APRA, whereas product legacy issues are largely confined to life insurance and superannuation, obsolete systems are an endemic element of operational risk found across the financial services industry ...

ING Australia in CEO change of guard

... responsibility for Korea, Japan and Thailand. ING Australia was established in May 2002 as a funds management and life insurance joint venture between ING Group, which owns 51%, and ANZ which owns 49%. "Paul's outstanding track record in funds management ...

Citigroup announces first quarter profit of $6.81 billion

... Management operations posted a 10% increase in income to US$466 million, despite the decline in equity markets globally. Life insurance and annuities rose 17% to US$238 million, while its private bank income increased 13% to US$125 million, boosted by ...