Royal Commission Will Not Examine Life Insurance Advice

Financial advice related to life insurance will not be examined during the current round of hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. (more…)

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1 · September 10, 2018 in Claims, Compliance & Regulation, Products, Remuneration, Services, Superannuation  

Retain DFP For Non-Advice Roles

The Diploma of Financial Planning (DFP) should be retained for the training of financial services professionals who do not provide advice but who will need some further training, according to Mentor Education Group principal, Dr Mark Sinclair. (more…)

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2 · September 7, 2018 in Compliance & Regulation, Training  

Group Life Code of Practice Too Weak to be Effective

The current voluntary code of practice covering life insurance inside superannuation is too weak at present to be effective and should be made mandatory for all superannuation trustees, according to ASIC. (more…)

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0 · September 7, 2018 in Compliance & Regulation, Superannuation  

AFA Appoints Alliances Manager

The AFA has recruited a former Suncorp executive manager to the oversee the development of alliances with business partners that benefit members of the Association. (more…)

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0 · September 7, 2018 in Appointments, Associations, Conferences and Events, Products, Services  

NSW Adviser Removed from Industry For Three Years

ASIC has accepted a court enforceable undertaking (EU) from a NSW financial adviser which will prohibit him from providing advice for three years. (more…)

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0 · September 5, 2018 in Compliance & Regulation  

Financial Services to Remain Within Treasury

The Federal Treasurer, Josh Frydenberg, has confirmed there will not be a designated minister to oversee the financial services sector but that Assistant Treasurer, Stuart Robert, would oversee the area as part of his duties. (more…)

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1 · September 4, 2018 in Appointments, Compliance & Regulation  

Integrity Life Expands Executive Team

Integrity Life has recruited two further senior staffers from its larger competitors ahead of the release of retail products to advisers later this year. (more…)

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0 · September 4, 2018 in Appointments, Company News, Products  

AMP Updates Medical Definitions After Review

AMP has updated three medical definitions related to cancer, Parkinson’s disease and cardiac arrest following an annual review of all definitions for products on-sale and off-sale. As a result of this review, the updated definitions, which are effective from the 3 September 2018 make the following changes: Cancer – removed the AIDs exclusion and Kaposi’s […]

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0 · September 4, 2018 in Claims, Products  

AIA Australia to Offer Two Year Policy Fee Waiver

AIA Australia will waive the policy fee for two years for new customers who apply for a Priority Protection policy before the end of the year. (more…)

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0 · September 3, 2018 in Company News, Products, Services  

TAL Extends Spinal Health Education Initiative

TAL has extended its spinal health underwriting education initiative to focus on a wider range of conditions associated with musculoskeletal conditions. (more…)

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0 · September 3, 2018 in Services, Underwriting