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LIFE INSURANCE
Life/Risk
ASIC has banned a life insurance adviser for three years after he did not meet adviser standards expected and failed to comply with financial services law....
Financial planning
Advisers transitioning to the new life/risk remuneration models were in for short-term pain but could be paid more commissions in the long run. ...
Life/Risk
Life Insurer AIA Australia has appointed five new distribution team members to bolster adviser support resources before the transition to the new Life Insurance Framework...
Life/Risk
Three months after it was first made public, the Life Insurance Framework still lacks a solid definition of which lapses represent churn....
Financial planning
Life risk sales rebounded in June after declining for two quarters but the sector remained flat in the year to June, DEXX&R data showed. ...
Life/Risk
Advisers must take advantage of the new Prime Minister and lobby for change in the clawback provisions of the Life Insurance Framework, Synchron said....
Life/Risk
New research confirms that the way income protection and TPD claims are handled are crucial to long-term outcomes....
Financial planning
The AIOFP has been rebuffed by the FPA and AFA in its efforts to present a ‘united front’ on the Life Insurance Framework....
Life/Risk
Questions are being asked about whether letters from major life insurers pointing to significant premium rises represent a manifestation of price gouging. ...
Life/Risk
Metlife has again ventured into the retail space via a partnership with Yellow Brick Road....
Life/Risk
Financial advisers relying on risk commissions should consider moving to fee based advice, with the Life Insurance Framework set to hit commission based cashflow for at l...
Life/Risk
The Association of Financial Advisers claims critics of its handling of the LIF outcome need to appreciate the political realities....
Policy & Regulation
Association of Financial Advisers (AFA) consultant and former NSW Opposition leader, Kerry Chikarovski says the LIF outcome is better than a Government-imposed solution....
Life/Risk
The Association of Financial Advisers and consultants claim life/risk advisers may actually see advantages in the new post-Trowbridge hybrid remuneration environment....
Financial planning
The AIOFP has claimed the FPA and AFA are ‘livid’ with the FSC over the Life Insurance Framework and questioned the ability of the two advice groups to represent members ...
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Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
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....