ASIC Halts Activities of Two Advice Businesses

A Gold Coast based financial advice business will cancel its own licence and its director will remove himself from the advice sector for at least two years, following an investigation by ASIC and the acceptance of an enforceable undertaking (EU) by the regulator. (more…)

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0 · January 16, 2018 in Compliance & Regulation  

ClearView Revamps Quote and Application Platform

ClearView has made a number of enhancements to its life insurance quote and application system, including the addition of tele-interviewing, in an effort to reduce the administrative work undertaken by advisers. (more…)

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0 · January 16, 2018 in Company News, Products, Services, Technology  

APLs – How Many Insurers is Enough?

Our latest poll seeks your views on the minimum required number of insurers on Approved Product Lists. (more…)

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0 · January 16, 2018 in Compliance & Regulation, Polls  

Super Fund Removes Insurance From New Product Offering

AustralianSuper has removed default life insurance from a new superannuation product that will be available to short term employees, in an effort to avoid erosion of fund balances due to insurance premiums. (more…)

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0 · January 16, 2018 in Company News, Products, Superannuation  

IOOF Appoints New Head of Advice Standards

IOOF has appointed a former Australian Unity senior executive to the newly created role of Head of Adviser Standards, Client Care and Retention. (more…)

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0 · January 16, 2018 in Appointments, Company News, Dealer Groups  

‘Start-up Insurer’ Plans Move Into Retail

Integrity Life, a new entrant to the life insurance sector, will offer a full suite of retail life insurance products available through financial advisers by the middle of the year following its acquisition of QBE Life. (more…)

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0 · January 15, 2018 in Company News, Products  

AIA Launches Cancer Wellness Program

AIA Australia has launched a return to wellness program for cancer patients under a new partnership with a global reinsurer and Australian occupational rehabilitation services provider. (more…)

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0 · January 12, 2018 in Claims, Company News, Services, Soft Skills  

TAL Appoints Specialist Medical Advice Board

TAL has appointed a new medical Specialist Advisory Board to provide the insurer with guidance in complex claims cases and to assist it in annual reviews of its medical definitions. (more…)

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0 · January 11, 2018 in Claims, Services  

FSC to Require at Least Three Insurers on APLs

The Financial Services Council (FSC) has released its new standard for life insurance approved product lists (APL) and will require all members who provide financial advice to offer a minimum of three life insurance providers on their APLs. (more…)

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3 · January 9, 2018 in Associations, Compliance & Regulation, Products  

Govt Proposes ASIC be Given Power to Ban Products

ASIC will be given powers to ban products and prevent their release to consumers under new powers proposed by the Federal Government in draft legislation. (more…)

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2 · January 9, 2018 in Compliance & Regulation, Products, Remuneration