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Launch of Free Advanced Quotes Service

As we announced earlier this week, riskinfo has partnered with life insurance software provider, Omnium, to deliver a new, free quotes comparison service for advisers.

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· September 23, 2014 in General, Services, Technology  

CANSTAR Names TAL, Zurich Top Value Insurers

TAL and Zurich have been named joint winners of the 2014 CANSTAR Outstanding Value Life Insurer Award.

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· September 23, 2014 in Company News, General, Products  

Financial Advice Industry Cannot Self-Regulate – FSC

If the financial advice industry wants to raise professional standards it cannot rely on self-regulation, the Financial Services Council has argued, calling instead for a new, government-run standards board and competency framework.

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0 · September 23, 2014 in Associations, Compliance & Regulation, Training  

Senate Committee Says FoFA Amendments Bill Should be Passed… Again

The Senate Committee charged with reviewing the Government’s Future of Financial Advice (FoFA) amendments legislation has again recommended that the Bill be passed.

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0 · September 23, 2014 in Compliance & Regulation, Remuneration  

ASIC Bans Former Risk Adviser

A former Rockhampton adviser who failed to take into account his clients’ existing insurance arrangements when providing advice has been banned for five years by the Australian Securities and Investments Commission (ASIC).

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· September 22, 2014 in Compliance & Regulation  

Pro Bono Claims Service Launched

In an Australian first, a number of risk specialist financial advisers have formed a network to provide pro bono assistance for Australians with life and disability insurance claims.

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1 · September 22, 2014 in Claims, Services  

CommInsure Now Accepting Super Rollovers

CommInsure customers can now fund their Total Care Plan Super insurance through rollovers from any complying superannuation account.

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· September 19, 2014 in Company News, Products, Superannuation  

FDS Identified as Biggest FoFA Challenge

The requirement to provide Fee Disclosure Statements to new and existing clients has proved to be the biggest challenge faced by licensees when implementing the Future of Financial Advice reforms, a new report from the regulator has found.

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0 · September 18, 2014 in Compliance & Regulation, Dealer Groups  

Young Aussies ‘Clueless’ About Insurance in Super

Nearly half of Australians aged under 50 have admitted they have little or no understanding of the insurance cover provided by their superannuation fund, according to the Association of Superannuation Funds of Australia (ASFA).

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0 · September 18, 2014 in Associations, Superannuation  

Breach Reporting on ASIC Radar

The Australian Securities and Investments Commission will undertake a review of breach reporting by licensees, in response to concerns raised about inconsistencies and delays.

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0 · September 16, 2014 in Compliance & Regulation