Category | Compliance & Regulation

ASIC Bans Adviser Over False Insurance Information

ASIC has banned a former Guardian FP adviser for seven years after he provided false information on insurance application forms sent to superannuation funds. (more…)

Continue Reading
0 · June 23, 2017 in Compliance & Regulation, Remuneration, Superannuation  
iStock-464576790

The Uncertain Future for Specialist Risk Advisers

Our latest poll seeks your view on whether a risk-focussed advice business will remain viable following the implementation of the Life Insurance Framework remuneration reforms. (more…)

Continue Reading
6 · June 20, 2017 in Compliance & Regulation, Remuneration  

ASIC Funding Model Passes Parliament

The financial services sector will contribute to industry funding of ASIC from 1 July this year after legislation creating the funding model passed through the Senate. (more…)

Continue Reading
6 · June 16, 2017 in Compliance & Regulation  

ASIC Bans Westpac Adviser, Cancels Insurance Licence

ASIC has banned a former Westpac adviser for five years after finding he failed to meet his obligations to clients, including charging for advice when none was given. (more…)

Continue Reading
0 · June 8, 2017 in Compliance & Regulation  

Latest Poll – Consumers Will Pay More for Life Insurance Solutions

Our latest poll result suggests most advisers are predicting there will be an increase in the cost of life insurance that will be paid by the consumer post the introduction of the Life Insurance Framework reforms. (more…)

Continue Reading
1 · June 6, 2017 in Compliance & Regulation, Polls, Remuneration  

ASIC Releases Commission and Clawback Instrument

ASIC has released the regulatory instrument which will set the commission caps and claw-back arrangements under the Life Insurance Framework (LIF) reforms. (more…)

Continue Reading
0 · June 5, 2017 in Claims, Compliance & Regulation, Products, Remuneration  

ASIC Releases New Sample SoA for Life Insurance

ASIC has released a new sample Statement of Advice (SoA) for life insurance which highlights prominent and upfront disclosure of commissions while omitting a range of disclaimers and warnings. (more…)

Continue Reading
3 · May 31, 2017 in Compliance & Regulation, Products, Remuneration  
iStock-92136379

Paperwork, Compliance Hassles Top Risk Advice List of Challenges

Paperwork and compliance top the list of issues advisers say they face when providing advice on life insurance, according to early findings from the 2017 Investment Trends Planner Risk Survey. (more…)

Continue Reading
0 · May 30, 2017 in Compliance & Regulation, General  
iStock-628090600

The Cost of Life Insurance Advice Under the LIF Reforms?

Our latest poll asks whether you believe your clients will pay more for life insurance advice under the LIF reforms. (more…)

Continue Reading
5 · May 29, 2017 in Compliance & Regulation, Polls, Remuneration  
iStock-511875092

Advisers Set to Charge More for Advice Post LIF

New research has revealed that many advisers will be charging more for their advice services as a result of the implementation of the Life Insurance Framework reforms. (more…)

Continue Reading
10 · May 23, 2017 in Compliance & Regulation, Remuneration