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Showing 921 - 930 of 2306 results for "Life Insurance"

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
... many of whom are Australians serving its customers across wealth management, superannuation, financial advice, life insurance, asset management and banking," Murray said. "It is a significant financial institution and needs to play a role within the ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... advisers act as authorised representatives of the business (proprietary and aligned). The bank already sold its life insurance business, under the MLC brand, to Nippon Life in 2015. In a media briefing, NAB chief executive Andrew Thorburn said the divestment ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
An overwhelming number of people who work in life insurance believe the industry needs government backing so it can properly regulate. In a survey conducted by DST Systems, a large number of respondents (85%) want to engage with ASIC to strengthen the ...

Industry fund simplifies super access

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... balances. The two entities have worked together since 1988. In November 2017 the super fund reduced the rate of life insurance and TPD premiums by 7%, locked in for three years. It previously did the same for income protection cover.

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... husband and wife couple to rollover their superannuation balances to AMP's myNorth accounts, cancelled the husband's life insurance policy, leaving him uninsured for three months, and finally charged him an exit fees of $16,000. He failed to meet the ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... membership after its investigation found he engaged in misleading, deceptive, dishonest and fraudulent conduct to obtain life insurance for a client. He also breached clients' privacy on numerous instances. The AFA found out about Tindall's ban ...

ClearView terminates agreement after takeover bid expires

ALEX BURKE  |  THURSDAY, 26 APR 2018
... advice," ClearView said in 2016. "From its inception in 1979, Sony Life has continually believed in the value of life insurance to provide financial security and stability for customers by offering optimum life insurance through high quality service ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... their 2018 half-year reporting period in early May. ANZ will incur a loss of $632 million from the sale of its life insurance, and pensions and investments businesses. About $277 million is attributed to an assets and liabilities fair value loss (of ...

AMP kept unsuspecting clients in the dark: RC

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... advice compliance Sarah Britt fronted the Commission on Monday afternoon. The couple sought superannuation and life insurance advice from Mr E in November 2016, an authorised representative of AMP Financial Planning, Britt told Senior Counsel Assisting ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
... on total or new revenue brought in, she said. Orr asked what prompted such changes. Other than the January 2018 life insurance reforms, Rixon said: "I don't know; I don't understand them all." Rixon also said that a leader board, which ranks advisers ...