|An Australian insurer has awarded a Natixis affiliate a mandate to manage $80 million in an absolute return strategy.|
|Australians do not want to subsidise life insurance for those with adverse genetic test results, according to the latest Financial Services Council study.|
|Actuaries have calculated mortality rates among Australians who use annuities. It is research they hope will help develop retirement income products including CIPRs.|
|Freedom Insurance Group announced it will stop selling life insurance products and alerted shareholders of the likelihood it will face a liquidity crisis next year.|
|Financial services companies fared well in AIA's latest healthiest workplace survey, with a 21-year-old firm recognised as Australia's healthiest small workplace.|
|New Zealand life insurers are paying the highest commissions to financial advisers in the world and the nation's Reserve Bank is concerned about the conduct risk it is creating.|
|A new corporate health program trialled at AIA will allow the life insurer's staff to track their mental health progress.|
|TAL launched an adviser-focused health insurance offering by way of an expanded strategic partnership with nib.|
|Since launching in mid-2018, life insurance start-up NEOS Life is making strides with the launch of a new product and expedited its underwriting decision times.|
|Life insurers should be banned from asking consumers if they have undertaken a genetic test, Financial Standard's latest readership survey reveals.|
An advice licensee owned by HUB24 hired from BT Financial Group to fill a newly-created general manager role.
Futuro Financial Services has ended its partnership with AMP after seven years, becoming 100% privately-owned again.
Escala Partners is set to be acquired by a US-based wealth manager looking to expand its international footprint.
No RBA, growth in wages have remained stagnant - and that's just for the lucky few. The unlucky ones have, in effect, seen their incomes eroded by inflation (thank goodness prices haven't increased by much).
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|