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6 May 2024

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Big insurance deal: France's AXA buys XL for $15 billion
PARIS (AP) — French insurance giant AXA is getting even bigger with a purchase of property and casualty insurer XL Group in a deal worth more than $15 billion.Paris-based AXA said Monday that it has reached an agreement to buy all...

New Zealand gets its first 'variable annuity' from the Retirement Income Group
The former head of AXA has unveiled a service for retirees to turn their nest-eggs into a guaranteed lifetime income.

KiwiSaver: Kiwis overseas cannot enrol in scheme
I am a New Zealand permanent resident, and I worked in New Zealand for almost six years but when I moved to Germany at that time I decided to take my private fund from AXA superannuation.I have a question about KiwiSaver.Is it...

Diana Clement: Sensible savings choices pay off big time
Life is expensive and some decades are more costly than others. One of the most expensive is from age 25 to 35.A survey by AXA Wealth Management in the UK found that 34 was the most expensive age thanks to outgoings associated with...

Merger close to completion
The merger of AMP and AXA, and coping with an unprecedented wave of financial services regulation and law reform, have dominated the past five years, according to AMP New Zealand managing director Jack Regan.

AXA Kiwisavers will pay lower fees with AMP
Many people with savings in the former AXA KiwiSaver scheme will pay lower fees following the proposed merger with AMP, but will get a similar allocation of shares, bonds and other investments to what they already have.

AMP's New Zealand FY profit flat, plans to ditch Axa brand in March
AMP's financial services unit in New Zealand reported flat annual earnings

KiwiSaver spotlight: Axa New Zealand
Two million New Zealanders are now in KiwiSaver. As part of the ongoing effort to build awareness about how your retirement savings is invested, Your Money will be randomly profiling one KiwiSaver scheme per week.

Mandatory investor carbon reporting could spread to NZ in a few years, AXA says
NZ, Australia, and Canada could be among the first countries outside the European Union to follow France’s pioneering move this year to introduce mandatory climate change-related reporting for institutional investors, said AXA Investment Managers

New investment option to target KiwiSaver retirees
Ralph Stewart, the former head of AXA and ACC, says he hopes to have a new style of retirement income product on the market within three months.Stewart's company, Retirement Income Group, raised $455,300 on equity crowd-funding...

Annuity to give pensioners an income
The former head of ACC and AXA, Ralph Stewart, has launched an annuity company to help pensioners invest their KiwiSaver cash.

AMP earnings, margins up
AMP Financial Services New Zealand, which swallowed up AXA, has reported a 16 per cent rise in operating earnings for the half-year to June 30 compared with the same period last year, driven in part by rises in international sharemarkets.

AMP gets green light for KiwiSaver merger
AMP has been granted approval by the Financial Markets Authority to merge its two KiwiSaver schemes into one. Members of the AMP Wealth KiwiSaver Scheme, which was formerly the AXA KiwiSaver Scheme, will now become part of the AMP...

CORRECT AMP's New Zealand FY profit flat, plans to ditch Axa brand in March
AMP's financial services unit in New Zealand reported flat annual earnings