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High Upfront Commissions To Go – Trowbridge

The life insurance advice sector needs to do away with high upfront commissions if it wants to address the issues raised by recent inquiries into the quality of life risk advice.

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27 · December 17, 2014 in Associations, Breaking, Compliance & Regulation, Remuneration  

Great Client Disconnects of 2014

Just 15% of advice practices sought feedback from their clients in the last two years, according to figures from Business Health.

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· December 16, 2014 in General  

Latest Appointments

TAL has appointed a new Claims General Manager, software company Decimal has a new CEO, and the Association of Financial Advisers and Financial Planning Association have also made key appointments.

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· December 16, 2014 in Appointments, Associations, Company News  

FoFA Grandfathering Regulation Made Law

The regulation to improve the Future of Financial Advice grandfathering arrangements has been made law.

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4 · December 15, 2014 in Compliance & Regulation, Remuneration  

News in Brief

Steve Tucker Launches New Venture; Midwinter Enhances Insurance Module; Mortgage Choice Boosts Adviser Numbers; IPA Calls for Increased Adviser Tax Training

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0 · December 15, 2014 in Associations, Compliance & Regulation, Dealer Groups, General, Technology, Training  

TAL Enhances Accelerated Protection

TAL has upgraded its Accelerated Protection product suite, and introduced a range of newly enhanced services to assist advisers and their clients.

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0 · December 12, 2014 in Products, Underwriting  

Advice Consumers Not Looking for Specialists

Consumers searching for a financial adviser are less likely to look for someone who specialises in a particular area, BT Financial Group has revealed.

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0 · December 12, 2014 in Dealer Groups, Services  

ASIC Accepts EU from Victorian Adviser

A Victorian financial adviser who failed to demonstrate a reasonable basis for his advice has entered into an enforceable undertaking with the Australian Securities and Investments Commission.

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· December 11, 2014 in Compliance & Regulation  

Policy Discontinuances Trending Down

The industry experienced a slight decrease in policy discontinuances over the last 12 months, according to researcher DEXX&R.

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· December 11, 2014 in General  

Associations Critical of FSI Commissions Proposal

The two major advice associations have called for greater consultation on the Financial System Inquiry’s recommendation to remove upfront commissions for life insurance, warning of a number of unintended consequences.

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4 · December 9, 2014 in Appointments, Compliance & Regulation, Remuneration