Category | General

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Hybrid Commissions Gaining Ground

Financial advisers are favouring hybrid commission models over level commission or fee for service, and estimate more than half of their revenue will come from that model by 2020, according to Investment Trends. (more…)

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1 · October 10, 2017 in General, Practice Management, Remuneration  
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Life Insurance Advice Complaints Remain Low

Disputes lodged with the Financial Ombudsman Service (FOS) reached a record level after increasing by 16% over the past 12 months but disputes regarding life insurance remain relatively low. (more…)

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4 · October 6, 2017 in Compliance & Regulation, General  
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Risk Specialist Adviser Numbers Continue to Fall

The proportion of risk specialists among advisers who write risk business has continued to decline to its lowest point in five years, according to Investment Trends. (more…)

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9 · October 3, 2017 in Compliance & Regulation, General  
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Advisers Most Satisfied With ClearView

Advisers have named ClearView as the life insurer with which they are most satisfied, according to industry research group, Investment Trends which has also given the insurer its Overall Satisfaction – Insurer Award for the first time. (more…)

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4 · September 26, 2017 in General, Products, Services  

Consumers Unwilling to Recommend Insurers

The lack of trust in life insurance by Australian consumers has come about because of a misalignment of interests that began with the demutualisation of the life insurance industry over 20 years ago, claims PPS Mutual Chief Executive, Michael Pillemer. (more…)

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4 · September 26, 2017 in General, Products, Remuneration, Services  
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AIA Australia to Hold Quarter of the Market

AIA Australia will leap to the top of the largest life insurance companies in Australia following its impending purchase of CommInsure, according to research house, DEXX&R. (more…)

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0 · September 22, 2017 in Company News, General  
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Insurer ‘Arms Race’ Causing Sustainability Problem

The retail life insurance market has been slow to respond to issues around sustainability and increasing premiums and risks losing market share to the group life sector, according to Rice Warner. (more…)

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5 · September 12, 2017 in General, Products, Remuneration  

Advice Linked to Financial Satisfaction

Consumers who have reported they are comfortable with their financial situation and lifestyle are three times more likely to have sought professional advice or have a financial plan, according to new research released by the FPA. (more…)

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1 · August 22, 2017 in Associations, General  
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Doctors Call for Tightening on Provision of Medical Records

The Royal Australian College of General Practitioners has called for a tightening of the patient records its GP members provide to life insurers. (more…)

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14 · July 21, 2017 in Claims, General, Underwriting  
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Call for Individual AFSLs in Significant Industry Shake-Up

In a scathing assessment of the current structure of financial advice in Australia, Connect Financial’s Paul Tynan has called for a radical shake-up of the sector. (more…)

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3 · July 18, 2017 in Compliance & Regulation, General