June 8, 2017
AIA Australia has revealed further details of its private health insurance product roll-out including a 20 percent referral fee for advisers whose clients go on to purchase the product . (more…)
Annual Life Insurance Claims Pass $9 Billion for First Time
June 6, 2017
The life insurance sector has continued to reach record levels of claims being paid with new data revealing claims payments during 2016 passed the $9 billion mark for the first time. (more…)
Insurance Comparison Websites Offering Inadequate Advice
Life insurance price comparison websites (PCWs) are providing inadequate information to consumers and often promote price over features, according to research and consultancy group Rice Warner. (more…)
AMP Releases Enhancements to Elevate
AMP has announced a number of enhancements to its Elevate product including using superannuation to pay for income protection plans and allowing policy holders to buy back into a life policy up to a year after a claim. (more…)
Latest Poll – Consumers Will Pay More for Life Insurance Solutions
Our latest poll result suggests most advisers are predicting there will be an increase in the cost of life insurance that will be paid by the consumer post the introduction of the Life Insurance Framework reforms. (more…)
ASIC Releases Commission and Clawback Instrument
June 5, 2017
ASIC has released the regulatory instrument which will set the commission caps and claw-back arrangements under the Life Insurance Framework (LIF) reforms. (more…)
Servicing Clients in Groups Boosts Loyalty
June 4, 2017
Advisers can use group workshops to attract new clients and conduct regular reviews, a UK adviser has told delegates at this year’s MDRT Annual Meeting, claiming clients enjoy the collective experience…
Anderson Returns to Policy Role at AFA
June 1, 2017
The former Chief Operating Officer of the Association of Financial Advisers (AFA), Phil Anderson will return to the organisation after having been appointed as General Manager, Policy and Professionalism. (more…)
ASIC Releases New Sample SoA for Life Insurance
May 31, 2017
ASIC has released a new sample Statement of Advice (SoA) for life insurance which highlights prominent and upfront disclosure of commissions while omitting a range of disclaimers and warnings. (more…)
Paperwork, Compliance Hassles Top Risk Advice List of Challenges
May 30, 2017
Paperwork and compliance top the list of issues advisers say they face when providing advice on life insurance, according to early findings from the 2017 Investment Trends Planner Risk Survey. (more…)
