‘Paternalistic’ and ‘poor public policy’ are terms used by several industry groups to charactarise the Cooper Review recommendations, released this week.
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New AMP Life Insurance Training
July 7, 2010 – 9:15 am
AMP has announced the launch of a new training program for it staff, designed to boost specialist expertise in life insurance across the company.
TOWER Technology First - Accelerate Connect
July 7, 2010 – 8:04 am
TOWER Australia and IRESS Market Technology have announced the launch of Accelerate Connect, a straight through link between research and application technology.
Cooper Review - The Other Insurance Recommendations
July 6, 2010 – 2:43 pm
Risk Commissions in Super to be Banned - Cooper
July 6, 2010 – 8:41 am
The Cooper Review has recommended all commissions should be banned on risk products in superannuation.
The proposed banning of risk commissions in super is one of sixteen recommendations made in the Insurance in Superannuation section of the Super System Review Final Report, released on Monday this week.
Rising Debt Levels Adding to Underinsurance Burden
July 4, 2010 – 10:17 pm
The Association of Financial Advisers (AFA) has called on the Federal Government to seriously engage with consumers on issues linked to increasing levels of household debt, before banning commissions for life insurance advice.
IP Adviser Tool to Engage Clients
July 4, 2010 – 5:58 pm
A universal online tool is available to advisers that will graphically highlight to their clients the likelihood they will become disabled during their working lives.
Many Advice Practices Failing to Plan
July 4, 2010 – 1:00 pm
Only just over half of all advice practices in Australia maintain a properly documented business plan and even less actually implement those plans, according to practice management group, Business Health.
Fee For Service Transition Completed at MLC Advice Businesses
July 1, 2010 – 2:21 pm
MLC has welcomed the new financial year with confirmation it has completed the transition to fee for service models for each the advice businesses operating under its umbrella.
Most Families Unprepared in the Event of Death
June 30, 2010 – 12:02 pm
New research commissioned by ING Australia has found that 63% of surviving partners and children had less than a one week warning of the death of a parent.
