Powered by
Wealth industry scene set to alter dramatically
Jan 13, 2018 - Australian Financial Review

The tectonic plates in Australia's wealth sector didn't just slide in 2017, they crashed into each other in a way that is set to leave the industry in a permanently changed state.

Tremors may have been evident as far back as late 2015 when National Australia Bank revealed plans to sell an 80 per cent stake in its life insurance division to Japan's Nippon Life Insurance Company, but last year was ground-breaking. ANZ Banking Group sold its life insurance business to Swiss giant Zurich for $

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox