Category | Breaking

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  
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AFA Board Election Results in New President, Vice President

The Association of Financial Advisers (AFA) has announced the results of the election for Board members with Marc Bineham named as the new National President and Michael Nowak elected as Vice President. (more…)

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4 · September 16, 2016 in Appointments, Associations, Breaking  

AFA Confirms EGM Will Go Ahead

The Association of Financial Advisers (AFA) has announced it has received the minimum number of member forms required to call an Extraordinary General Meeting and will put to members a resolution regarding opposition to the proposed Life Insurance Framework legislation. (more…)

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3 · August 30, 2016 in Associations, Breaking  

AFA To Validate EGM Request Forms

The Association of Financial Advisers has confirmed receipt of a request for an Extraordinary General Meeting but has stated it will need to verify the 225 forms submitted with the request before moving to call a meeting. (more…)

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13 · August 22, 2016 in Associations, Breaking, Compliance & Regulation, Remuneration  

AFA Member Calls for EGM on LIF

A long term member of the Association of Financial Advisers (AFA) has called for an Extraordinary General Meeting (EGM) to move that the association opposes the proposed Life Insurance Framework (LIF) reforms. (more…)

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51 · August 9, 2016 in Associations, Breaking, Compliance & Regulation, Remuneration