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TAL maintains life insurance market lead

KARREN VERGARA  |  TUESDAY, 17 OCT 2017
TAL continues to hold the largest share of the $16.1 billion life insurance market in the 12 months to June, figures from Strategic Insight show. TAL recorded $2.9 billion in risk premiums, closely followed by AIA Australia with $2.3 billion in which ...

CommInsure adds new annuity strategy

JAMIE WILLIAMSON  |  TUESDAY, 17 OCT 2017
... last is one of the biggest risks a retiree can take. The average life expectancy for healthy 65 year-olds in Australia is close to 88 years for women, and 85 years for men. But we estimate about one-third are likely to live well into their 90s," CommInsure ...

ABA announces new chair

JAMIE WILLIAMSON  |  TUESDAY, 17 OCT 2017
The successor to NAB's Andrew Thorburn as chair of the Australian Bankers' Association has been named. The association has put forward ANZ chief executive Shayne Elliott, and ABA chief executive Anna Bligh said Elliott will bring considerable energy ...

ANZ splits OnePath businesses, revamps life insurance team

KARREN VERGARA  |  TUESDAY, 17 OCT 2017
ANZ will divest OnePath's pension and investments and four aligned dealer groups to IOOF Holdings for $975 million; and it announced several senior internal appointments in retaining its life insurance business. IOOF has agreed to take over ANZ Wealth ...

Praemium grows SMA options

JAMIE WILLIAMSON  |  MONDAY, 16 OCT 2017
Praemium expanded its separately managed accounts offering, adding 16 new model portfolios. The $4.3 billion platform has added eight models with Shaw and Partners, four with Joseph Palmer, three with State Street and one Evans and Partners model. This ...

AFA Adviser, Practice of the Year winners named

JAMIE WILLIAMSON  |  MONDAY, 16 OCT 2017
... the 2017 Association of Financial Advisers' Adviser of the Year. Crowned on Friday night at a gala dinner to celebrate the close of this year's AFA National Adviser Conference, private client adviser Fraser was recognised as a leading professional delivering ...

Colonial First State names new distribution head

ALEX BURKE  |  FRIDAY, 13 OCT 2017
Colonial First State has appointed a new general manager of distribution. Peter Chun has held multiple roles at CFS since joining in 2002, initially as head of super and investments. In between he served as director, product and marketing for Credit ...

Women underrepresented in funds management: research

KARREN VERGARA  |  FRIDAY, 13 OCT 2017
Women comprise only 20% of the global alternative assets funds management industry, research from Preqin shows. The proportion declines according to seniority with women making up 29% of junior alternative assets staff, 23% of mid-level staff and 11% ...

Cyber training is advice value-add: AUSTRAC

DARREN SNYDER  |  THURSDAY, 12 OCT 2017
AUSTRAC director strategic intelligence and policy David Hawkins believes there are opportunities for financial advisers to value-add by providing cyber training services. Speaking at the AFA 2017 National Adviser Conference on the Gold Coast, Hawkins ...

MetLife pushes for the retail market with new hire

ALEX BURKE  |  THURSDAY, 12 OCT 2017
MetLife will launch its retail life insurance offer to advisers and brokers next year and has appointed a head of retail sales from AMP to facilitate this process. Matt Lippiatt joins MetLife from AMP, where he was national account manager. He has held ...