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Showing 731 - 740 of 2303 results for "Life Insurance"

NAB, Nippon lock heads over MLC

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... and Nippon Life, which has owned 80% of MLC since 2016. The bank has in place agreements for the distribution of life insurance products and continued use of the MLC brand, but is on a mission to divest MLC. This involves NAB providing transitional services ...

Swiss Re to manage Freedom remediation

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... Insurance Group's customer remediation program. Freedom confirmed Swiss Re as the remediation manager, and Genus Life Insurance Services Pty Ltd as the third party to which it is transitioning its policy administration services. Swiss Re will pay Freedom ...

MLC Life Insurance reviews terms and definitions

KARREN VERGARA  |  FRIDAY, 26 APR 2019
MLC Life Insurance has introduced a number of updates to its definitions and terms across three brands. Changes to TPD, critical illness and income protection covers will apply to MLC Insurance, MLC Insurance (Super) and MLC Insurance (wrap or SMSF) ...

ASA to vote against AMP remuneration

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... continuous employment." The association also slammed AMP for failing to seek shareholder approval for the sale of its life insurance business to Resolution Life last year, which caused concern among shareholders together with enduring the financial services ...

Sargon named trustee for new super fund

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
... act as trustee for the PPS Mutual Super Fund, which has been designed to enable PPS Mutual to offer a "complete" life insurance solution through its accredited financial advisers. PPS Mutual said the fund would allow its members to fund their insurance ...

Insurance expert joins $33bn super fund

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... the ranks to become head of group life consulting services in December 2008. His 30 years of experience in the life insurance sector includes working across various roles at Mercer, AXA Australia and National Mutual. IFS Insurance Solutions provides ...

Freedom to divest all operations

KARREN VERGARA  |  MONDAY, 15 APR 2019
... to return excess funds to shareholders. The embattled firm announced in December 2018 that it will stop selling life insurance products and alerted shareholders of the likelihood it will face a liquidity crisis in 2019. It missed its FY19 interim results ...

Macquarie expands US funds management

KANIKA SOOD  |  FRIDAY, 12 APR 2019
... between October and December. Macquarie IM will also manage a portion of Foresters' general account supporting its life insurance business. It will also support advisors of a third-party Cetera Financial Group which is looking to buy select assets of ...

Colonial acquisition cost CBA shareholders $53bn: Merlon

KANIKA SOOD  |  TUESDAY, 9 APR 2019
... earnings and an even higher multiple of cash flow for Colonial," Carlisle said. By comparison, AMP recently sold its life insurance operations for approximately 1x net tangible assets, 6x earnings and an even lower multiple of cash-flow. "Within five ...

Financial advice in 2030: What does it look like?

JAMIE WILLIAMSON  |  TUESDAY, 9 APR 2019
... challenging advisers but also driving improved outcomes for clients. It will mostly aid transactional advice, such as life insurance and mortgages. "The increased automation of compliance obligations, research and documentation production will free up ...