About riskinfo

Author Archive | riskinfo

FoFA-Style Regulations Needed for Insurance Sector

Greens Senator Peter Whish-Wilson has called for mandatory ‘FoFA-style’ regulations to tackle the conflicts of interest within the insurance industry.

Continue Reading
11 · February 24, 2015 in Compliance & Regulation, Remuneration  

37 NAB Advisers Shown the Door

NAB Wealth dismissed 37 advisers as a result of a review of its financial advice business, the group has confirmed.

Continue Reading
4 · February 24, 2015 in Company News, Compliance & Regulation, Remuneration  

Rehab Rethink Needed to Address Sustainability Concerns

A new player in the rehabilitation services market is urging advisers and life insurers to think differently about rehabilitation services, in order to address the current industry sustainability concerns.

Continue Reading
0 · February 24, 2015 in Claims, Services  

Narrow APLs Not in Clients’ Interests

A narrow approved product list is not best practice and should be viewed as an ‘advice quality warning sign’, ClearView has argued in its submission to the Life Insurance Advice Working Group (LIAWG).

Continue Reading
5 · February 24, 2015 in Company News, Compliance & Regulation, Remuneration  

New Advice Scandal Hits Sector

The financial advice market has been hit with yet another scandal following an admission from NAB Wealth that it has paid more than $10 million in compensation to customers who received inappropriate advice from its aligned advisers.

Continue Reading
4 · February 24, 2015 in Company News, Compliance & Regulation, Remuneration  

Macquarie Achieves 5-Star Status for Service

Macquarie Life has been awarded five stars for overall adviser satisfaction for the seventh year in a row by Beaton Consulting.

Continue Reading
0 · February 23, 2015 in Claims, Services, Technology, Underwriting  

Suncorp Announces Hawke’s Replacement

Suncorp Life has announced the role vacated by Jordan Hawke earlier this year will be filled by Andrew Mair.

Continue Reading
· February 23, 2015 in Appointments  

Government Will Consult on Adviser Education

The Government will consult with all industry stakeholders before making any policy decisions in relation to adviser education and professional standards, Assistant Treasurer Josh Frydenberg has advised.

Continue Reading
0 · February 20, 2015 in Compliance & Regulation, Training  

IFAs Face Extinction if Upfronts Dropped

A significant change to adviser remuneration in the life insurance sector would put independent advisers at risk of extinction and subsequently reduce consumer choice, Synchron has warned.

Continue Reading
28 · February 17, 2015 in Compliance & Regulation, Dealer Groups, Remuneration  

More Calls for Separation of Riskies

A second licensee has voiced support for a separation of risk advisers and financial planners, as part of its submission to the Trowbridge-led Life Insurance Advice Working Group (LIAWG).

Continue Reading
22 · February 17, 2015 in Compliance & Regulation, Dealer Groups, Remuneration