LIF

Life/Risk

Further changes to life insurance commission caps could see up to 87% of financial advisers stop providing standalone risk insurance advice, according to ClearView resear...

Financial planning

The advice group supports many of recommendations of the white paper but has questioned the motives of the Financial Services Council and whether risk advisers should tru...

Financial planning

There were six main areas the corporate watchdog focused on which led to a $16.5 million increase in costs of regulating the financial advice sector....

Financial planning

The Australian Securities and Investments Commission was never really empowered to seriously change the status of ‘general advice’ when Government reviews were on foot....

Financial planning

Senator Jane Hume announced the FSC Life Insurance Summit that Treasury will assume control, merging it with the quality of advice review....

Life/Risk

Just 18 months out from the Australian Securities and Investments Commission delivering its review of the Life Insurance Framework a serious contradiction has emerged – s...

Financial planning

The Australian Securities and Investments Commission is now claiming that its pivotal REP 413 which acted as the catalyst for the Life Insurance Framework is no longer re...

Life/Risk

As the Australian Securities and Investments Commission kicks off its review of the Life Insurance Framework a new report has defended the value of life/risk commissions....

Features

Mike Taylor writes that less than 12 months out from the Australian Securities and Investments Commission’s review of the Life Insurance Framework, the Australian life in...

Life/Risk

Both the Financial Planning Association and the Association of Financial Advisers have signalled to the Australian Securities and Investments Commission that the future o...

Life/Risk

Life/risk advisers have been caught in a bind as they find themselves at risk of clawbacks as they seek to help clients deal with financial hardship by winding back premi...

Life/Risk

Life insurers are struggling to sustain profitability in the face of challenging markets and tighter regulation with the Life Insurance Framework also playing a part....

Financial planning

Advisers would do well to assume worst-case scenario outcomes when it comes to extending the Financial Adviser Standards and Ethics Authority deadlines, according to weal...

Life/Risk

A new survey has revealed that consumers are cooling on the purchase of life/risk insurance with the number of advisers actually involved also declining....

Financial planning

Financial advisers have been provided with an advocacy pack aimed at convincing politicians to slow-down the rate of change being imposed on the financial planning indust...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 6 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 5 days ago