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FSI Submissions – Underinsurance High on Agenda

A government-led program to increase the take-up of insurance and an examination of the impact of direct insurance on the consumer market are among the recommendations that have been put forward to Financial Systems Inquiry (FSI).

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· April 22, 2014 in Compliance & Regulation, General  

Accountant Referrals Could Help Solve Underinsurance

An increase in risk insurance referrals by accountants will make great in-roads into Australia’s underinsurance gap, one industry expert has advised.

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3 · April 22, 2014 in General  

Insurance Innovation Hampered by Legacy Burden

Australia’s life insurers are unable to deliver true innovation for advisers and their clients because of the burden of numerous legacy systems, one technology specialist has argued.

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2 · April 22, 2014 in General, Technology  

ASIC Should Have Acted on Misleading FoFA Commentary

The Association of Financial Advisers (AFA) believes the financial services regulator should have stepped in to put a stop to the campaign of mis-information about the Future of Financial Advice (FoFA) amendments.

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· April 22, 2014 in Associations, Compliance & Regulation  

High Demand for Specialist Risk Advisers

Advice practices are increasingly looking to add dedicated risk capabilities to their client offers, a recent survey has found.

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· April 15, 2014 in General, Training  

Frequent Contact and Face-to-Face Meetings Critical to Client Retention

Clients who have not met with their adviser in the past 12 months are the most likely to leave their current advice relationship, the latest research from CoreData has found.

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· April 15, 2014 in General  

Research Highlights Value of Insurance, Advice

Two new consumer research reports have further highlighted the value of insurance, and the role advisers can play in helping allay consumers’ financial fears.

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0 · April 15, 2014 in Company News, General  

Life Insurance Could Deliver Government $8.5 Billion in Savings

The government could save $8.5 billion by partly privatising disability insurance, a new report commissioned by the Financial Services Council (FSC) has revealed.

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0 · April 15, 2014 in Associations, General  

TASA Registration Details Released

The Tax Practitioner’s Board (TPB) has released a detailed update for financial advisers, explaining the registration requirements for representatives and licensees that deliver tax (financial) advice.

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· April 15, 2014 in Compliance & Regulation  

AIA Delivers Daily Risk Data Feeds

In response to adviser demand, AIA Australia has launched daily risk data feeds for XPLAN.

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· April 14, 2014 in Company News, Technology