Risk Commissions Will Remain – Advisers

The majority of advisers believe risk commissions will not be consigned to history. (more…)

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0 · November 20, 2018 in Compliance & Regulation, Polls, Remuneration  

Advisers Given Limited Time to Comment on FASEA Proposals

Financial advisers have been given only three weeks to provide feedback on changes to education pathways and the recognition of professional designations after FASEA released a revised set of standards late last week. (more…)

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0 · November 20, 2018 in Associations, Compliance & Regulation, Training  

ClearView Launches Dealer Services Offering

ClearView has expanded the services offered by its financial advice arm with the creation of a dealer services offering for advisers who hold their own Australian Financial Services Licence. (more…)

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0 · November 20, 2018 in Company News, Dealer Groups, Practice Management, Services  

FASEA Releases Updated Education, Exam Guidelines

The Financial Adviser Standards and Ethics Authority (FASEA) has confirmed advisers will be able to gain four credits for holding the Advanced Diploma of Financial Planning and an industry designation, and has altered the focus of the proposed Financial Adviser Examination. (more…)

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4 · November 17, 2018 in Compliance & Regulation, Training  

OnePath Named as Consumer’s Choice

OnePath has been named as the leading life insurer among consumer policy holders and claimants at the third annual Consumer Choice Awards. (more…)

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0 · November 16, 2018 in Associations, Claims, Conferences and Events, Products  

Consumers Want More Adviser Contact For Insurance

Only half of advisers are conducting regular reviews of their client’s life insurance despite nearly 90 percent of clients wanting some form of contact every year, according to a new report from MetLife Australia. (more…)

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0 · November 15, 2018 in Practice Management, Services  

FPA Fines Sam Henderson $50,000

The FPA has fined former high profile financial adviser, Sam Henderson, $50,000 in relation to the multiple breaches of its Code of Professional Practice. (more…)

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5 · November 14, 2018 in Associations, Compliance & Regulation  

Latest Poll – The Future of Risk Commissions

Questions stemming from the Insurance Round of the Banking Royal Commission, and the responses they have generated, has prompted our latest poll. (more…)

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7 · November 13, 2018 in Compliance & Regulation, Polls, Remuneration  

AIA Asks Senators to Reconsider Group Life Opt-In

AIA Australia has written to Senators asking them to reconsider moves by the Federal Government to make group life insurance inside super an opt-in arrangement for people aged under 25. (more…)

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0 · November 13, 2018 in Compliance & Regulation, Products, Superannuation  

Revised FSC Life Code to Cover All Distribution Channels

The Financial Services Council (FSC) has released a draft of the second version of its Life Insurance Code of Practice (LICP) which it intends will apply to all distributors of the products of a life insurer. (more…)

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0 · November 13, 2018 in Associations, Claims, Compliance & Regulation, Products, Remuneration, Services, Underwriting