LIFE/RISK

INDUSTRY NEWS

The AIOFP has called for a shorter claw back period, 70 per cent upfront commissions with partial retention upon early termination and restrictions on advisers who churn....

INDUSTRY NEWS

Research has found advisers will attempt to offset changes stemming from the new life insurance commission regime with improvements to business efficiency or expanding th...

INDUSTRY NEWS

ASIC’s continuing investigation of ACE Insurance results in an adviser being permanently banned....

INDUSTRY NEWS

The AIOFP has labelled the tri-party life/risk commission regime changes as a sell out of advisers and will submit its own amended regime model this week....

INDUSTRY NEWS

Life insurer AIA Australia has committed to another five years of partnership with the mental health initiative SuperFriend....

INDUSTRY NEWS

Claims that life/risk advisers have been getting 120 per cent upfront commissions are a myth with the real figure being substantially lower....

INDUSTRY NEWS

Life insurer TAL has committed $150 million to a project aimed at delivering a cooperative approach to the post-Trowbridge changes to life/risk....

INDUSTRY NEWS

Two insurers have agreed to refund customer of payday lender, The Cash Store, $2 million over “useless” insurance cover....

INDUSTRY NEWS

The FSC warns that the States are milking the insurance sector for revenue with impacts for under-insurance and that a renegotiation of the GST agreement represents a par...

INDUSTRY NEWS

Specialist lawyer, Ian McDermott warns that licensees may be left carrying the can on claw-backs if advisers change dealer groups mid-stream....

INDUSTRY NEWS

Synchron has the major insurers tendering on a level premium, set-term remuneration model as it argues that claw-backs can be unfair....

INDUSTRY NEWS

Australians could be wasting more than $100,000 worth of retirement savings through unnecessary life and TPD insurance that is automatically added to each superannuation ...

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

2 months ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 4 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 months ago

BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size....

1 week 1 day ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

3 weeks 1 day ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

2 weeks 6 days ago
moneymanagement logo