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Financial planning
Advisers must discard their one-size-fits-all approach to servicing clients if they are to increase client loyalty, referrals and revenue streams, AIA Australia said....
Life/Risk
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...
Life/Risk
ASIC’s continuing investigation of ACE Insurance results in an adviser being permanently banned....
Life/Risk
Life insurer TAL has committed $150 million to a project aimed at delivering a cooperative approach to the post-Trowbridge changes to life/risk....
Life/Risk
Two insurers have agreed to refund customer of payday lender, The Cash Store, $2 million over “useless” insurance cover....
Life/Risk
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...
Editorial
Money Management’s Mike Taylor writes that, for the AFA, the whole life/risk reform process was a case of damned if you do and damned if you don’t....
Life/Risk
Life/risk advisers are craving detail on their new remuneration regime with the three-year claw-back the most problematic issue....
Life/Risk
ASIC has forced One Big Switch to review its legal compliance after the group operated without a licence....
Life/Risk
Australian Unity will move to either hybrid or level commissions on life/risk from 1 July....
Financial planning
Former director of BD & WJ Hassell, Barry David Hassell, has been convicted of 39 charges of dishonest conduct and sentenced to 12 months imprisonment....
People & Products
Income Security joins with Avea to launch product aimed at addressing the redundancy insurance gap. ...
Financial planning
APRA reveals emerging terms and conditions changes which are likely to curb the attractiveness of superannuation group life for planning clients. ...
Life/Risk
A hybrid remuneration model is already becoming the default model replacing high upfronts as planning groups continue to haggle with the Financial Services Council for a ...
Life/Risk
The Trowbridge and ASIC review into retail life insurance has put unwarranted spotlight on churn and commissions rather than quality of advice, Tria argued. ...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...