Category | Breaking

TAL Buys Asteron Life

TAL Australia will purchase Suncorp’s Australian life insurance business after the two groups announced they had entered into a Heads of Agreement to proceed with the transaction. (more…)

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0 · August 9, 2018 in Breaking, Company News, Products, Services  

Dover Financial Advisers to Close in One Month

Non-aligned financial advice group Dover Financial Advisers has told its advisers their authority to act as authorized representatives had been withdrawn immediately and the group would cancel its licence in one month. (more…)

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7 · June 9, 2018 in Breaking, Company News, Dealer Groups  

Best Client Service Teams Recognised

BT Financial Group, OnePath and ClearView were the big winners in the AFA/Beddoes Institute/Riskinfo Client Service Team Awards for 2017, as voted by advisers. (more…)

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· March 16, 2018 in Breaking, Compliance & Regulation, Conferences and Events  

TAL Wins Life Company of the Year

TAL Life has been announced as the winner of the prestigious AFA/Strategic Insight 2017 Platinum Award for Life Company of the Year. (more…)

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· March 15, 2018 in Breaking, Company News, Conferences and Events  

Zurich Purchases ANZ’s OnePath Life Business

Zurich Financial Services Australia will buy OnePath Life from ANZ for $2.85 billion in a deal which will elevate it to the position of the largest retail life insurer in Australia by in-force premium. (more…)

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3 · December 12, 2017 in Breaking, Company News  

Government Calls Royal Commission into Banking and Financial Services

The Federal Government has announced that it will establish a Royal Commission into alleged misconduct of Australia’s banks, and that it will also cover life insurers and other financial services providers. (more…)

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5 · November 30, 2017 in Breaking, Compliance & Regulation  

CommInsure to be Sold to AIA

The Commonwealth Bank (CBA) will sell its Australia and New Zealand life insurance businesses, CommInsure Life and Sovereign, to the AIA Group for $3.8 billion. (more…)

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8 · September 21, 2017 in Breaking, Company News  

AFA Names New CEO as Fox Announces Departure

The Association of Financial Advisers (AFA) has announced that its current Chief Executive, Brad Fox will stand down from the role after four years with former Zurich executive, Philip Kewin to take on the role from 20 March. (more…)

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4 · March 7, 2017 in Appointments, Associations, Breaking  

Direct Insurance to be Reviewed as ASIC Finds Claims Issues

The Australian Securities and Investments Commission (ASIC) will embark on a major review of the direct life insurance sector after it found policies sold through that channel had higher claims denial rates compared to policies sold through advisers and group insurance policies. (more…)

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4 · October 12, 2016 in Breaking, Claims, Compliance & Regulation, Products  

LIF Reforms Delayed

The transition to the proposed Life Insurance Framework reforms will be delayed until 1 January 2018. (more…)

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4 · October 3, 2016 in Breaking, Compliance & Regulation, Remuneration