May 8, 2018
Zurich has rolled out a mobile app-based lifestyle program to retail life insurance policyholders which provides discounts on a range of lifestyle and entertainment offers. (more…)
Royal Commission Triggers Interest From NZ Regulators
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry appears to be having a direct flow-on effect into the New Zealand financial advice sector. (more…)
ANZ Puts Advisers on Notice
ANZ has warned its financial advisers that they will be terminated if they fail two audits and has removed all sales incentives related to financial advice. (more…)
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1 · May 8, 2018 in Company News, Compliance & Regulation, Dealer Groups, Remuneration, Services
1 · May 8, 2018 in Company News, Compliance & Regulation, Dealer Groups, Remuneration, Services
AMP Royal Commission Latest
May 7, 2018
AMP has rejected claims that it may have breached the Corporations Act in its handling of an independent report into ‘fee for no service’ practices within its financial advice business, and that breaches related to the practice should be handled by ASIC and not the Banking Royal Commission. (more…)
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0 · May 7, 2018 in Company News, Compliance & Regulation, Dealer Groups, Remuneration
0 · May 7, 2018 in Company News, Compliance & Regulation, Dealer Groups, Remuneration
NAB to Exit Financial Advice
May 3, 2018
Leading big four bank, NAB has announced it will withdraw almost completely from the financial advice sector and is considering a number of ways to separate its advice businesses from the bank. (more…)
Government Appoints Adviser to Board of Dispute Scheme
May 1, 2018
The Federal Government has named one financial adviser among four people appointed to the board of the new single dispute resolution body, the Australian Financial Complaints Authority (AFCA). (more…)
ClearView Ends Co-Operation Agreement With Sony Life
Listed life insurer ClearView will end its Co-operation Agreement with Sony Life a year and a half after it was first announced to the market. (more…)
Royal Commission Will Consider Life Insurance Remuneration
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will consider whether life insurance commissions should be exempt from the ban on conflicted remuneration, despite the issue not being raised during hearings. (more…)
Launch of New International Paraplanning Standard
A new International Paraplanning Standard benchmark has been released in the UK this week. (more…)
Advisers Favour Removal of Vertical Integration Structures
Most advisers think that consumers’ interests will be better served if financial institutions did not own advice networks. (more…)
