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Insurance

Adviser remuneration "critical": Trowbridge Interim Report

ALICE URIBE  |  THURSDAY, 18 DEC 2014
The quality of advice and the remuneration of adviser incentives were raised as "critical" areas in the interim report of the Life Insurance and Advice Working Group (LIAWG) established by the Association of Financial Advisers (AFA) and the Financial ...

AIA and Nest launch accelerator program

HARRY PAGE  |  THURSDAY, 11 DEC 2014
AIA Group Limited has announced the launch of a 12-week accelerator program to support innovative businesses and entrepreneurs.

Life company profits flat

JAMES FERNYHOUGH  |  WEDNESDAY, 10 DEC 2014
Revenue and profits for the 12 months to June 2014 have remained flat for life insurance companies, according to the latest statistics released by the Australian Prudential Regulation Authority (APRA).

Hastings partners with Japanese bank

JAMES FERNYHOUGH  |  WEDNESDAY, 10 DEC 2014
Hastings Funds Management has partnered with the largest trust bank in Japan, Sumitomo Mitsui Trust Bank (SuMi Trust), to invest in infrastructure debt opportunities in Europe.

MetLife US proactive lobbying lesson for Aust

ALEX DUNNIN  |  TUESDAY, 9 DEC 2014
Australian financial institutions looking for ways to creatively counter regulatory overreach should look to MetLife in the US that has set up a website called The Regulation Resource Centre to enlist the help of stakeholders and facilitate positive ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices.

Insurance inflows up 12.9% in a year

LAURA MILLAN  |  THURSDAY, 4 DEC 2014
Risk market inflows were up 12.9% for the twelve months to September 2014, with most companies reporting increases in business.

TAL boosts profit in half-year result

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Dai-ichi Life-owned TAL has posted an underlying profit of $78 million for the six months to September 2014, up from $46 million in the same period last year.

Insurance industry has trust issues

MARK SMITH  |  THURSDAY, 13 NOV 2014
Australian insurance companies rank second last for the level of trust their customers have in them, according to a new survey by EY.

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
Life insurer TAL has argued in favour of regulatory changes to income stream products in a detailed response to the Treasury's 'Review of retirement income stream regulation' discussion paper.