AFA Changes Election By-Laws

The AFA has made a number of changes to its by-Laws governing elections for board members including a provision that board nominees must be of ‘good standing’. (more…)

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0 · August 8, 2017 in Associations  

News in Brief

Former NAB Adviser Charged With Fraud Lack of Funds Keeping Consumers From Advice FPA Launches Financial Planning Week (more…)

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0 · August 8, 2017 in Associations, Compliance & Regulation  

TAL Backdates Trauma Definitions

TAL will apply the new minimum standard trauma definitions within the Life Insurance Code of Practice (LICP) to all new claims received on individual policies purchased since 10 August 2009. (more…)

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6 · August 8, 2017 in Company News, Compliance & Regulation  

AIA Makes Changes to Premium Rates

AIA Australia has introduced a large sum insured discount and reduced premiums on some policies for new business written under its Priority Protection and Priority Protection for Platform Investors (PPPI) products. (more…)

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5 · August 7, 2017 in Company News, Products  

PPS Mutual Increases Benefits Indexation

Mutual life insurance group PPS Mutual has indexed its policy benefits at three times the level of inflation stating this position was more consistent with the salary growth of the professional services sector that it covers. (more…)

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1 · August 4, 2017 in Company News, Products  

Suncorp Considers Asteron Life Options

Suncorp will consider a range of options for its life insurance business, Asteron Life, stating that additional reinsurance, a partnership or full sale were all still in the table. (more…)

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0 · August 4, 2017 in Company News  

Leave SoA Commission Details Alone – AFA

The AFA has recommended that life insurance commissions should not be displayed at the start of Statements of Advice (SoA) stating that to do so would present them out of context to the advice being provided. (more…)

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20 · August 1, 2017 in Compliance & Regulation, Products, Remuneration  

Qualified Support for Individual AFSLs

Advisers have lent their qualified support to the concept of moving the industry to an individual financial services licensing regime. (more…)

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1 · August 1, 2017 in Compliance & Regulation, Polls  

News in Brief

Evalesco Shifts Licensee AIA Australia Health Insurance Brand Open for Business ASIC Accepts Enforceable Undertaking from Findex (more…)

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0 · August 1, 2017 in Compliance & Regulation, Dealer Groups, Products  

Industry Pays Tribute to Gerry Porter

The AFA and Synchron have paid tribute to long serving adviser, former AFA Board Member and former Synchron Queensland State Manager, Gerry Porter, after he passed away on 29 July 2017. (more…)

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2 · July 31, 2017 in Dealer Groups