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Insurance

Lump sum rules 'utterly unsustainable': Sherry

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
Former minister for superannuation Nick Sherry has branded as "utterly unsustainable" the rule allowing Australian retirees to withdraw their superannuation as a lump sum.

FSC Conference: Follow the biopsychosocial model, life companies told

JAMES FERNYHOUGH  |  WEDNESDAY, 6 AUG 2014
The future of the life insurance industry depends on the deeper understanding and implementation of the biopsychosocial model, life company executives have heard.

MetLife refocuses on middle classes with direct distribution

ALEX DUNNIN  |  WEDNESDAY, 30 JUL 2014
Based on the way global insurers are increasingly looking to the direct market to boost sales in developed economies, the way insurance is distributed in Australia looks set for a shake-up.

AIA hybrid commission strategy pays off

LAURA MILLAN  |  TUESDAY, 29 JUL 2014
AIA Australia's initiative to reward advisers who move to a hybrid commission model has seen 829 advisers shifting to the new system in the past five months.

AIA reports 23% growth in new business

LAURA MILLAN  |  MONDAY, 28 JUL 2014
AIA Group has reported a growth of 23% in the value of new business for the six months to May 31, 2014.

Employee rehabilitation key to reduce claims costs: AIA

LAURA MILLAN  |  WEDNESDAY, 23 JUL 2014
Rehabilitation for employees and early intervention could be the key drivers in reducing the claims costs experienced by superannuation funds, employers and employees in what remains a challenging life insurance market, according to insurer AIA Australia.

Group risk sales jump by 88.3% in a year

LAURA MILLAN  |  MONDAY, 21 JUL 2014
Group risk sales experienced a jump of 88.3% in the twelve months to March 2014, the latest Plan for Life insurance risk market inflows report shows.

Health and wealth go hand in hand: Survey

MICHELLE BALTAZAR  |  THURSDAY, 26 JUN 2014
One financial adviser says helping his clients meet their financial and fitness wishlist can be the right tonic for their long-term financial ails.

Research contradicts group risk claims crisis

MARK SMITH  |  MONDAY, 16 JUN 2014
Price hikes widely anticipated in the super fund group risk market have not manifested in any more than a small handful of funds.

Mandates and pricing boost MetLife, TAL group inflows

LAURA MILLAN  |  FRIDAY, 13 JUN 2014
Superannuation fund insurance mandates and pricing increases placed MetLife and TAL well above-average in annual group risk inflows.