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Labelling of Advice Hot Topic for FSI

Changes to the way vertical integration and general advice are represented to financial consumers are among the most frequently addressed topics in the latest round of submissions to the Financial Systems Inquiry (FSI).

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0 · September 2, 2014 in Compliance & Regulation, General  

Payday Lender Disciplined over Insurance Sales

A payday lender has been found to have engaged in unconscionable conduct by the Federal Court, following an investigation into the mis-selling of consumer credit insurance.

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0 · September 2, 2014 in Compliance & Regulation, Products  

Underwriting will be Key Battleground in 2015

Insurers should focus on improving underwriting speed if they want to attract more business from advisers, a new report from Investment Trends has found.

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0 · September 1, 2014 in Company News, General, Underwriting  

ClearView Makes Bid for Matrix

ClearView has announced a proposed merger with dealer group Matrix Planning Solutions, hot on the heels of the wealth manager’s reported 23% rise in profit.

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0 · September 1, 2014 in Company News, Dealer Groups, Products  

FoFA Bill Passes House of Reps

The Government’s legislation to streamline the Future of Financial Advice (FoFA) reforms has finally passed the House of Representatives.

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3 · August 28, 2014 in Breaking, Compliance & Regulation  

Large Institutions Move on Advice Education Standards

Westpac, AMP and the National Australia Bank (NAB) have all announced new, minimum education standards for planners working in their advice networks.

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6 · August 26, 2014 in Compliance & Regulation, Dealer Groups, Training  

AIA Vitality Now Available on Platforms

Customers who purchase AIA Australia’s Priority Protection insurance range via a platform will now have access to AIA Vitality.

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0 · August 26, 2014 in Products  

Group Insurers Urged to Re-Engineer TPD Cover

The insurance industry needs to revisit total and permanent disability cover if it is to achieve true sustainability, attendees at a recent summit on group insurance have heard.

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· August 25, 2014 in Conferences and Events, Products, Superannuation  

ANZIIF Recognises Insurance Excellence

BT’s Phil Hay and CommInsure were among the winners at last week’s 2014 Australian Insurance Industry Awards.

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0 · August 25, 2014 in Associations, Company News, General  

News in Brief

Life Profits Fall; HUB24 Makes Play for Licensee; CBA Advice Review Appointments; TPB Consults on Law Subject Requirements; Financial Planning Week Underway

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· August 25, 2014 in Associations, Company News, Compliance & Regulation, Dealer Groups, General