‘Full steam ahead’ is the overarching message flowing out of the much-anticipated report on the Future of Financial Advice (FoFA) reform Bills, with no recommendation issued to delay the proposed 1 July 2012 commencement date.
Released by the Chair of the Parliamentary Joint Committee on Corporations and Financial Services (PJC), MP Bernie Ripoll, the report (click here) makes 15 recommendations about a range of [...]
Author Archives: riskinfo
FoFA Report Released - Full Steam Ahead
Treatment of Mental Illness - Underwriting and Claims
Our latest poll is based on a recent finding that 25% of people who have experienced mental illness will not tell their insurer.
At a time when community attitudes towards mental illness appear to be maturing, we are interested to know how well you believe your preferred insurance providers are currently dealing with mental illness at underwriting and claim time:
New Initiative Assisting Mentally Ill Deal With Insurance
A new project has been launched to help Australians with experience of mental illness be better informed and more empowered when considering insurance products.
MDRT - Universal Message to Advisers
The Australian Million Dollar Round Table roadshow series was completed last week, during which risk-focused advisers from the US and Canada shared their message with their Australian colleagues.
While they operate under different consumer and regulatory environments, the common-sense and personal messages delivered by the visiting advisers were also relevant for the Australian market.
TAL Wins Life Company of the Year Award
TAL (formerly TOWER Australia) has been announced as the winner of the 2011 Plan For Life/AFA Life Company of the Year Award.
TAL won the Platinum Award for Life Company of the Year ahead of fellow finalists, AXA and CommInsure.
Coalition Slams Government on FoFA Processes
The Coalition has accused the Government of failing to properly assess the impact that its proposed Future of Financial Advice (FOFA) reforms will have on businesses and consumers.
Poll Results Support Positive Outlook for Risk Advisers
Advice businesses are evenly divided about their likelihood of recruiting additional risk advisers this year.
Launch of Asteron Life Complete - IFA Market Focus
Suncorp Life is counting down to a major initiative that will see the launch of a new product and services package, Asteron Life Complete.
Effective from 5 March 2012, Asteron Life Complete is being squarely targeted at the independent adviser market.
FSC Life Insurance Conference 2012
The Financial Services Council will be conducting its annual Life Insurance Conference in Sydney on Thursday 22 March.
Call for the Facts on Churning
ClearView Wealth has challenged the financial services sector to produce valid statistics regarding the level of churning that exists within the life insurance industry. And it says it also wants to ensure that good “broking activity,” to enhance customer benefits and/or prices, should not be confused with churning.







