churn

Policy & Regulation

When ‘churn’ turns to lapses and the quality of advice

The Australian Securities and Investments Commission has confirmed to a Parliamentary Committee it is no longer talking about churn but, rather, lapses and the appropriat...

Life/Risk

AMP’s Meller defines life/risk ‘churn’

AMP chief executive, Craig Meller has defined life/risk ‘churn’ to a Parliamentary Committee and what his company is doing about it....

Financial planning

As few as 50 advisers at risk of ‘churning’

The Australian Securities and Investments Commission has confirmed that the pool of advisers at risk of churning life/risk policies is as few as 50 people....

Policy & Regulation

Alleged life/risk churn still on ASIC’s agenda

The Australian Securities and Investments Commission has nominated life/risk churn as an area still high on its agenda and deserving of new expenditure....

Financial planning

ASIC confirms insurers’ knowledge of churn

The Australian Securities and Investments Commission has confirmed that insurance companies know which advisers are “churners” but have not always notified the regulator....