MLC Life Halts Premium Increases for One Year

MLC Life Insurance will freeze any increases on base premium rates for existing policies for a period of one year, effective from 10 October 2017. (more…)

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1 · October 10, 2017 in Company News, Products  
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More Risk Advisers Seeing Light at the End of the Tunnel

Our latest poll results suggest more risk-focussed advisers are gradually coming to grips with the prospect of a brighter future for their advice proposition. (more…)

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2 · October 9, 2017 in Compliance & Regulation, Polls, Remuneration  
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AFRM Launches Claims Advocacy Service

Specialist risk advice practice Australian Financial Risk Management (AFRM) has launched a claims advocacy service for retail and group insurance policy holders. (more…)

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8 · October 9, 2017 in Claims, Company News  

Advice Regulation to Cost $30 Million

The cost of regulating the total financial advice sector will come close to $30 million, according to ASIC, which is expecting to recover most of that sum from financial advisers and licensees that provide advice to retail clients. (more…)

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1 · October 9, 2017 in Compliance & Regulation, Dealer Groups  
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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  

BTFG Restructures Advice Businesses

BT Financial Group (BTFG) will separate advice staff who provide online, phone based or general advice from those who provide face to face advice in a move which confirms it will not be replacing its outgoing General Manager for financial advice. (more…)

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0 · October 5, 2017 in Appointments, Company News, Dealer Groups  
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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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Latest Poll – Risk Specialist Advice Businesses

Our latest poll asks a difficult question about the future for risk specialist advice businesses. (more…)

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5 · October 3, 2017 in Compliance & Regulation, Polls, Remuneration  
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BoLR is Worst Outcome for Clients

Buyer of Last Resort (BoLR) arrangements are the worst possible outcome for clients and a poor reflection on a financial adviser, according to the chair of the Mentor Education Group, Dr Jim Taggart OAM. (more…)

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1 · October 3, 2017 in Practice Management, Practice Marketing  

News in Brief

AIA Updates Policy Fees; World Financial Planning Day; (more…)

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1 · October 3, 2017 in Associations