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Life insurance

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'Justice has been done': charges against insurance director dropped

'Justice has been done': charges against insurance director dropped

David Brown, a director of embattled insurance group ClearView and chief investment officer of PNG's public super fund, was accused of conspiracy to defraud.

  • by Sarah Danckert

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Trouble ahead for IOOF as MD and chair step down to fight APRA action
IOOF

Trouble ahead for IOOF as MD and chair step down to fight APRA action

Wealth manager IOOF Holdings' managing director and chairman have stepped aside following moves by the prudential regulator to disqualify them from managing superannuation funds

  • by Colin Kruger
Freedom Insurance chief resigns after royal commission grilling
Freedom Insurance Group

Freedom Insurance chief resigns after royal commission grilling

The chief executive Freedom Insurance Group has resigned a few months after giving evidence to the banking Royal Commission about its cold-calling life insurance sales tactics. 

  • by Lucy Battersby
Spirit of the rules? Why AMP can sell its assets at bargain prices
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AMP

Spirit of the rules? Why AMP can sell its assets at bargain prices

Shareholders are pleading the ASX to intervene and make the company let them vote on the controversial sale of its life insurance arm.

  • by Elizabeth Knight
AMP's shares jump on disclosure, takeover chatter
AMP

AMP's shares jump on disclosure, takeover chatter

A deal announcement late last week saw AMP's share price fall as much as 30 per cent, prompting speculation that the company could be a takeover target.

  • by Sarah Danckert
AMP fights back as agitator investor ranks swell
AMP

AMP fights back as agitator investor ranks swell

AMP is again in crisis as a growing number of its investors join a revolt against company over its plans to sell parts of its life insurance business.

  • by Sarah Danckert
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Whiff of panic as AMP responds to deal critics
AMP

Whiff of panic as AMP responds to deal critics

AMP has made its second presentation within a week on its $3.4 billion deal to sell its legacy businesses after a shareholder called for a board spill.

  • by Stephen Bartholomeusz
The 'zombie hunter' taking AMP's businesses off its hands
AMP

The 'zombie hunter' taking AMP's businesses off its hands

A noted ''zombie hunter,'' the UK's Resolution Group, is to acquire AMP's legacy insurance businesses for $3.3 billion in a complicated set of transactions.

  • by Stephen Bartholomeusz
Investors savage AMP in $2.4 billion wipeout
AMP

Investors savage AMP in $2.4 billion wipeout

Investors have wiped out almost a quarter of AMP's market value after it agreed to sell its life insurance arm and revealed poor performance in wealth management.

  • by Clancy Yeates
Freedom Insurance slashes staff, CEO and CFO to leave
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Banking royal commission

Freedom Insurance slashes staff, CEO and CFO to leave

Freedom Insurance will suspend selling its products directly to consumers and halve staff numbers in a sweeping restructure that will also result in the departure of two of its most senior executives.

  • by Clancy Yeates
How to hunt zombie insurance policies
Income protection

How to hunt zombie insurance policies

Chopping the head off zombie policies that confer no benefit and redirecting the savings is worth the effort.

  • by Catherine Robson