TAL Offers Cancer Awareness Course

TAL has launched a new online education course designed to help advisers understand cancer conditions and the medical terminology involved in underwriting and assessing definitions at time of claim. (more…)

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0 · September 14, 2017 in Company News, Soft Skills, Training  

Quality of Risk Advice Unchanged Since Report 413 – ASIC

ASIC has claimed the level of non-compliant life insurance has not changed since the release of Report 413 in late 2014, but expects this will change after the introduction of commission caps and clawback arrangements. (more…)

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16 · September 12, 2017 in Compliance & Regulation  

Will Quality of Advice Improve Under LIF?

Our latest poll follows a recent statement made by the regulator that it expects the quality of advice relating to life insurance to be enhanced as a result of the implementation of the Life Insurance Framework reforms. (more…)

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4 · September 12, 2017 in Compliance & Regulation, Polls, Remuneration  

Life Insurance SoA Cost Estimated at $1,500

The cost of producing a life insurance Statement of Advice (SoA) has been estimated to be about $1500 and takes up to ten hours work, according to ASIC. (more…)

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9 · September 12, 2017 in Compliance & Regulation, Remuneration  

TAL Policy Fee Waiver Offer

TAL has launched a limited-time policy fee waiver offer for new business within its flagship Accelerated Protection product range. (more…)

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1 · September 12, 2017 in Products  

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  

AFA Adviser, Practice of the Year Finalists Announced

The AFA has announced the names of the finalists in this year’s AFA Adviser of the Year and Practice of the Year Awards. (more…)

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1 · September 11, 2017 in Associations, Conferences and Events  

Female Excellence and Rising Star Award Finalists Named

The AFA have announced the finalists for its 2017 Female Excellence in Advice and Rising Star Awards to be handed out in October. (more…)

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1 · September 8, 2017 in Associations, Conferences and Events  

Government Proposes Extending Banning Regime to Executives

The senior managers of financial services business may be banned from the industry for breaching legal obligations under new proposals put forward by the Federal Government to expand the powers of ASIC. (more…)

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3 · September 7, 2017 in Compliance & Regulation  

ASIC Defends SoA Disclosure

ASIC has defended its placement of advice fees at the front of the sample life insurance Statement of Advice (SoA) telling a Parliamentary Joint Committee that it was a response to a request from Government. (more…)

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20 · September 5, 2017 in Compliance & Regulation