New Education Standards Disadvantage Women, Part-Timers

New education standards being put forward by FASEA will be disadvantage female, part-time, and older advisers who will not be able to both work and study, according to the chair of a top five licensee. (more…)

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0 · December 6, 2018 in Compliance & Regulation, Training  

Integrity Life Appoints Retail Sales Manager

Integrity Life has continued to expand its senior leadership team with the appointment of a former CommInsure sales manager to oversee the group’s retail business in NSW, ACT and Queensland. (more…)

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0 · December 6, 2018 in Appointments, Company News  

Seeing More Clients Will Not Save Risk Advice – ClearView

Risk advisers are unlikely to survive under the LIF changes by selling more insurance or seeing more clients and should consider expanding their services or implementing a mixed fee and commission model, according to ClearView. (more…)

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11 · December 4, 2018 in Compliance & Regulation, Products, Remuneration, Services  

MLC Life Names New Chief Underwriter

MLC Life has named a new Chief Underwriter as part of a round of appointments aimed at expanding the operational capability of the life insurer. (more…)

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0 · December 4, 2018 in Company News, Uncategorized, Underwriting  

AIA Names Advice Firm as Healthiest Employer

A Sydney financial advice business has been named as one of Australia’s healthiest workplaces as part of annual survey conducted by AIA Australia. (more…)

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0 · December 4, 2018 in General, Services  

ASIC Cancels Licence of Advice Firm

ASIC has cancelled the financial services licence of a Melbourne based advice business that offered life insurance linked to personal loans, a month after it was hit with a multi-million dollar penalty for breaching financial services laws. (more…)

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0 · December 3, 2018 in Compliance & Regulation, Products, Services  

TAL to Offer Health Insurance Via Expanded Partnership

TAL will offer health insurance cover to the clients of financial advisers under an expanded partnership with health insurer nib. (more…)

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0 · November 30, 2018 in Company News, Products, Services  

FASEA Releases Two Stage Process to Recognise Foreign Qualifications

Financial advisers with qualifications gained overseas will be required to have them assessed by a Federal Government approved body before seeking further approval from FASEA that the training is considered eligible for recognition of prior learning. (more…)

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0 · November 30, 2018 in Compliance & Regulation, Training  

NEOS Exceeds Target For Underwriting Decisions

New life insurance entrant, NEOS Life has announced that it made more than 86 percent of underwriting decisions within three working days, exceeding its own target of 80 percent set at launch in June of this year. (more…)

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4 · November 27, 2018 in Products, Services, Underwriting  

CommInsure Updates Application Tool With Alternative Terms

CommInsure has made a number of enhancements to its policy application tool including the launch of Alternative Terms and updates to its client management system. (more…)

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0 · November 27, 2018 in Technology, Underwriting