Insurance

Life insurance tax changes taxing industry

Thursday 21st of February 2013

AMP says annual premium income in the second half of last year was up 4% to $298 million compared to the corresponding period last year, but the sector faces some key challenges

One of the key factors is price increases brought on by changes to life company tax rules. These started in 2010 and the sector is half way through a five-year transition period.

AMP managing directo...

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