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LIF
Financial planning
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
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, ...
Financial planning
The Federal Government will allow its expert standards setting body discretion to issue exemptions on a case-by-case basis....
Financial planning
Engaging in short-termism through the Life Insurance Framework cost the Government in the Federal Election, the Life Insurance Consumer Group said. ...
Editorial
Financial planners should brace themselves for a further period of political and policy uncertainty and possibly rue the lost opportunities of 2013-16. ...
Financial planning
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
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 planning
Financial Services Council chief executive, Sally Loane, has defended her organisation's role in pursuing the Life Insurance Framework pointing to the unsustainability of...
Financial planning
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. ...
Financial planning
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...
Financial planning
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...
Financial planning
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 ...
Life/Risk
The new Life Insurance Framework appears to be causing consolidation in the life/risk sector as single adviser operations feel the squeeze....
Life/Risk
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...
Financial planning
Advisers need to improve the efficiency of their businesses to bridge the revenue gap that will be caused by the implementation of the LIF. ...
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Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...