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Showing 521 - 530 of 705 results for "Life insurer"

Choice of super fund won't always work: REST

DARREN SNYDER  |  FRIDAY, 8 JAN 2016
Offering a choice of superannuation fund to more Australian workers doesn't mean they will exercise the opportunity, nor make any better long-term investment decision. This was one of several views presented by REST Industry Super in its submission ...

ASIC consults on LIF powers

DARREN SNYDER  |  TUESDAY, 15 DEC 2015
Financial advisers and the life insurance industry are being asked to consult the Australian Securities and Investments Commission (ASIC) over plans that would give the regulator power to set a maximum level of upfront and ongoing commission payments ...

Nippon Life says MLC will bolster falling profits

ALEX BURKE  |  MONDAY, 14 DEC 2015
Japanese life insurer Nippon Life has reported an 8% drop in ordinary profit to $2.9 billion in the six months to September 30, 2015. Nippon Life's statement attributed this to the Japanese economy "gradually [declining] due to concerns about the Chinese ...

Government releases final risk reforms package

ALEX BURKE  |  MONDAY, 9 NOV 2015
The Government has released the final life insurance reforms package. Based on ongoing industry consultation and collaboration with the Association of Financial Advisers, Financial Planning Association and Financial Services Council, the final reforms ...

Life insurers must address group risk schemes: APRA

DARREN SNYDER  |  FRIDAY, 6 NOV 2015
The Australian Prudential Regulation Authority (APRA) believes an unexpected increase in the cost of insurance for superannuation fund members has come from life insurers not addressing underlying structural issues in group risk schemes. In APRA's 2015 ...

Klipin inks New Zealand insurance job

LAURA MILLAN  |  MONDAY, 26 OCT 2015
... Richard Klipin will relocate to New Zealand and will become the chief distribution officer of the country's largest life insurer. Klipin's role as chief distribution officer at Sovereign Assurance will be effective on 9 November 2015. "Sovereign Assurance ...

FEATURE: Reshaping insurance

ALEX BURKE  |  THURSDAY, 22 OCT 2015
In a highly competitive market, group insurers are looking beyond lowering prices to attract large fund clients. In May, APRA issued a letter to Australian life insurers outlining the regulator's concerns about the group risk sector. If group insurers ...

NAB enters into MOU with Nippon Life

ALEX BURKE  |  THURSDAY, 15 OCT 2015
... experience for our customers." In September, Nippon Life also announced it had reached an agreement to buy Japanese life insurer Mitsui Life. This follows the insurance giant announcing its A¥1.5 trillion ($17 billion) mergers and acquisitions budget ...

Insurance premiums should be questioned

DARREN SNYDER  |  FRIDAY, 9 OCT 2015
A life insurance comparison website says consumers should be questioning premium increases at a time when life insurers continue to make substantial profits. Lifeinsurancedirect.com.au chief executive Russell Cain said top life insurers such as AMP ...

Japanese life giant to acquire rival

ALEX BURKE  |  MONDAY, 21 SEP 2015
... an agreement to acquire Mitsui Life. Following industry speculation in August that Nippon, Japan's second-biggest life insurer, was planning to acquire Mitsui in September, the two companies have jointly announced a "basic agreement on the contemplated ...