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LIFE INSURANCE
Financial planning
The Government has sanctioned the industry’s life/risk position which entails a three-year transition to a hybrid model based on a 60 per cent upfront commission....
Life/Risk
Industry leaders are warning that changes to the way life/risk advisers are remunerated will put pressure on the industry, but believe the Life Insurance Framework is “wo...
Financial planning
Advised retail policies have found to be cheaper than their direct policy counterparts across genders and different ages, research revealed....
Superannuation
TPD life and income protection insurance policies tied to superannuation should be tied to Australians' tax file numbers, an investment analyst believes....
Life/Risk
If life insurance companies want to repair some of the reputational damage inflicted on their industry they need to commit to delivering on their product promises....
Funds management
APRA deputy chairman, Ian Laughlin, has identified the market power of industry funds and how it has influenced the group life market. ...
Life/Risk
APRA deputy chairman, Ian Laughlin claims life companies have pursued questionable practices in their pursuit of adviser business....
Financial planning
Documents tabled in Parliament reveal NAB saw no commercial case for pursuing the removal of upfront life/risk commissions. ...
Financial planning
Bravura extends APAC team and moves into larger NZ offices....
Financial planning
Under pressure ASIC chairman, Greg Medcraft, has urged politicians to take action to change financial planning....
Financial planning
ClearView has reported a solid first half which included its acquisition of Matrix....
Financial planning
ClearView has told the Trowbridge working group it wants the word “commissions” replaced along with the banning of shelf space fees and volume bonuses....
Life/Risk
Australia’s life insurance sector has been put on notice that its current model is unsustainable and handed a reform ultimatum by regulators. But what will this mean for ...
Financial planning
Life/risk advisers concerned at reports FSC submission urges 20 per cent flat commission and five-year responsibility period....
Financial planning
A doctor-style fee-for-service model for all advice, including life insurance, would create unsustainability in the financial planning sector and prevent specialisation, ...
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MARKET INSIGHTS
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...