The financial services industry had already spent $2.75 billion on implementing various regulatory changes, and should prepare to spend more on LIF, education standards, ...

The Federal Government will allow its expert standards setting body discretion to issue exemptions on a case-by-case basis....

Engaging in short-termism through the Life Insurance Framework cost the Government in the Federal Election, the Life Insurance Consumer Group said. ...

Financial planners should brace themselves for a further period of political and policy uncertainty and possibly rue the lost opportunities of 2013-16. ...

The Life Insurance Customer Group has taken aim at the FSC once again for its role in achieving a carve-out for direct insurance in the Life Insurance Framework. ...

The FSC has been accused of acting in haste on churn in the Life Insurance Framework, with a group saying it wants ASIC to justify LIF by proving the churn issue after th...

Financial Services Council chief executive, Sally Loane, has defended her organisation's role in pursuing the Life Insurance Framework pointing to the unsustainability of...

There was nothing to be gained for the Government by mandating the LIF, and the FSC must have initiated the changes to the framework, a financial planner said. ...

A group of risk advisers have labelled FSC’s positioning on LIF as cartel behaviour, and said the industry should have gone to the ACCC with its life insurance propositio...

The AFA expressed disappointment over the FSC’s continued calls for a carve-out for direct insurance sales from LIF where no advice was given, and said this loophole must...

Industry groups are urging the Government to turn its attention to other recommendations cited in the FSI such as simplifying statements of advice even as election fever ...

The new Life Insurance Framework appears to be causing consolidation in the life/risk sector as single adviser operations feel the squeeze....

A life/risk adviser group has hit out against the FSC’s call for level commissions in the LIF, and accused it and the big banks of having undue influence on the Governmen...

Advisers need to improve the efficiency of their businesses to bridge the revenue gap that will be caused by the implementation of the LIF. ...