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ASIC Suspends Advice Group’s License

The Australian Securities and Investments Commisson has suspended the license of a financial advice business for failing to adhere to its compliance obligations.

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· September 30, 2014 in Compliance & Regulation, Dealer Groups  

Reforms Need Time to Settle – Meller

The financial services industry should be given time to settle into its current regulatory environment before further reforms are made, according to AMP’s CEO, Craig Meller.

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0 · September 30, 2014 in Company News, Compliance & Regulation, Training  

Adversaries Oppose FSC Standards Strategy

Two key industry stakeholders, who usually find themselves on opposite sides of the advice debate, have both given the thumbs-down to a proposal to introduce a new regulatory body to monitor financial advisers.

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0 · September 30, 2014 in Associations, Compliance & Regulation, Training  

Group Price Rises Biggest Industry Concern

Group insurance premiums are likely to continue to rise as insurers struggle with increasing claims, an industry survey has predicted.

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1 · September 30, 2014 in Claims, Company News, Conferences and Events, Superannuation  

10% Super Claims are for Mental Health

Mental illness and suicide represent 10% of all insurance claims in super, ground-breaking new research has found.

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2 · September 26, 2014 in Claims, Company News, Superannuation  

1 in 2 Aussies Experience Unexpected Medical Costs

Nearly half of all adult Australians experienced an unexpected medical or dental cost in the past 12 months, according to a survey by NAB.

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· September 25, 2014 in General  

TAL’s Minto to Step Down

TAL has announced that Group CEO, Jim Minto, will step down from his role, to be replaced by Brett Clark in April next year.

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0 · September 25, 2014 in Appointments, Company News  

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  

Advice Sector Can’t 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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8 · September 23, 2014 in Associations, Compliance & Regulation, Training