Category | Products

NZ Regulator Targets Soft Commissions

The New Zealand corporate regulator has raised concerns about the influence of soft commissions on advisers’ behaviour in a review into the structure of incentives from life and health insurers. (more…)

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0 · May 18, 2018 in New Zealand, Products, Remuneration  
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Industry Backs Life Insurance Commissions

The financial services industry has rallied around the ongoing use of life insurance commissions as they currently stand, stating the changes brought about under the Life Insurance Framework (LIF) should be given time to take effect. The AFA and FPA, as well as AMP and three major banks have each maintained that life insurance commissions […]

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8 · May 14, 2018 in Compliance & Regulation, Products, Remuneration  
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Views Split on Call to End Grandfathered Commissions

The AFA and FPA have fallen on opposite sides of the fence in their support for the suggestion that grandfathered payments and commissions come to an end, five years after the Future of Financial Advice (FoFA) reforms allowed them to continue. (more…)

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12 · May 14, 2018 in Compliance & Regulation, Products, Remuneration, Services  
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AMP Points Finger at Advisers

AMP has used two public statements within a single day to lay the blame for failures within its advice businesses at the feet of advisers, claiming its licensees were not to blame. (more…)

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5 · May 11, 2018 in Company News, Compliance & Regulation, Dealer Groups, Products, Remuneration, Services  

Mental Health Treatment Should be Mainstream

The life insurance sector must continue to develop its focus on mental health issues to the extent it is treated similarly to other insurable conditions, according to ANZ Wealth Head of Mental Health and Wellness, Life Insurance, Maria Falas. (more…)

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0 · May 11, 2018 in Products, Services  
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NAB to Exit Financial Advice

Leading big four bank, NAB has announced it will withdraw almost completely from the financial advice sector and is considering a number of ways to separate its advice businesses from the bank. (more…)

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0 · May 3, 2018 in Company News, Dealer Groups, Products, Services  
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Royal Commission Will Consider Life Insurance Remuneration

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will consider whether life insurance commissions should be exempt from the ban on conflicted remuneration, despite the issue not being raised during hearings. (more…)

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6 · May 1, 2018 in Compliance & Regulation, Products, Remuneration  

Zurich Active Update

Zurich Financial Services has released an upgrade to its Zurich Active product range, effective from 30 April. (more…)

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0 · May 1, 2018 in Products  

Premium Inflows Continue to Post Modest Growth

Overall life insurance risk premium inflows have grown at an annual rate of 2.6 per cent and continue to remain below the double digit growth average experienced over the previous two decades, while overall risk sales were flat at 0.7 per cent due, according to data released by Strategic Insight. (more…)

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0 · April 27, 2018 in Products  

AMP Pricing Changes

AMP has initiated a series of pricing adjustments for its AMP Elevate product series. (more…)

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0 · April 24, 2018 in Products