LICG

Life/Risk

The LICG proposal for a special resolution to force the AFA to oppose the LIF has failed to garner the required support...

Financial planning

Proxy forms define AFA EGM battlelines

The AFA board is telling its members the LICG’s proposed resolution to ensure the AFA opposed the Life Insurance Framework legislation for three years would substantially...

Financial planning

AFA board rejects EGM call

The AFA board has rejected a call from within the LICG for an EGM to pass a special resolution imposing limits to the AFA board’s discretionary powers....

Financial planning

Churn lacks evidence, definition

Arguments for churn lacked evidence and a clear definition, while reforms would fail to tackle client non-disclosure and those who ignored medical recommendations, the LI...

Financial planning

LIF should target insurers, not advisers

The Life Insurance Framework has unfairly targeted advisers and their businesses rather than FSC members including insurers and financial service providers, the LICG said...

Financial planning

LIF short-termism cost government

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

Financial planning

LICG slams direct carve-out

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. ...

Financial planning

FSC acted in haste on churn: LICG

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...