RC Failed to Understand Value of Advice – AFA

The Association of Financial Advisers has taken issue with what it says is the Banking Royal Commission’s failure to understand the value of financial advice. (more…)

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3 · March 19, 2019 in Associations, Compliance & Regulation  

Westpac to Exit Personal Financial Advice

Westpac Group has announced it will remove itself from the provision of personal financial advice. (more…)

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3 · March 19, 2019 in Company News  

MLC Life Insurance Steps-Up to Support Risk Commissions

MLC Life Insurance has released a statement in which it strongly argues the case for the continuation of life insurance commissions. (more…)

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6 · March 19, 2019 in Compliance & Regulation, Remuneration  

Genetic Testing Moratorium – Update

In the lead-up to this week’s 2019 FSC Life Insurance Conference, the Financial Services Council has confirmed its genetic testing moratorium policy will be implemented from 1 July 2019. (more…)

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· March 18, 2019 in Compliance & Regulation, General  

TAL Takes Top Honours at Life Company Awards

TAL has won the Platinum Award for the 2018 AFA/Strategic Insight Life Company of the Year. Presented at a gala event in Sydney on Thursday, this is the second consecutive year and fifth time overall that TAL has beaten its life company rivals to win this prestigious award. The three other finalists in the big […]

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1 · March 14, 2019 in Associations, Company News  

Reprieve for Mortgage Broker Trails

The Government has stepped back from its earlier position on dispensing with trail commissions for mortgage brokers. (more…)

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7 · March 12, 2019 in Compliance & Regulation, Remuneration  

NEOS Life Appointment

NEOS Life has reported further growth in its ranks with a new senior underwriting appointment. (more…)

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· March 12, 2019 in Appointments  

ASIC Critical of Delays in Fees-For-No-Service Reviews

ASIC has expressed its disappointment in what it terms ‘unreasonable delays’ associated with further review programs around the fees-for-no-service failures of six leading financial institutions. (more…)

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0 · March 11, 2019 in Compliance & Regulation  

2018 CommInsure Claims Almost Reach $1Billion

CommInsure reports it paid out over $960 million in claims last year. (more…)

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· March 8, 2019 in Claims, Company News  

Zurich Call to Retain Risk Commissions

Zurich has declared its support for the continuation of risk commissions beyond 2021. (more…)

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4 · March 7, 2019 in Compliance & Regulation, Remuneration