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Advisers Given Opportunity to Shape Their Education

Financial advisers need to take an interest in the changes to education and professional standards to prevent creating an model that does not meet the needs of clients, according to AFA General Manager, Member Services, Partnerships, & Campus AFA, Nick Hakes. (more…)

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1 · July 27, 2017 in Associations, Conferences and Events, Training  
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Royal Commission Would Include Work of Regulators

A repeated call by the Federal Opposition for a Royal Commission into banking and financial services, which would also include an examination of the work of regulators, has been rejected by the Federal Government and the Financial Services Council (FSC). (more…)

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5 · July 27, 2017 in Associations, Compliance & Regulation, Conferences and Events  

Retraction – Jason Atkins

A Riskinfo news story dated 20 July 2017 incorrectly stated that former Magnitude adviser, Jason Sean Atkins, has been banned by ASIC for dishonest conduct.  This was not correct. (more…)

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· July 26, 2017 in Compliance & Regulation  

Government Appoints Team to Create Single Dispute Scheme

The Federal Government has advanced its plans for a single external dispute resolution scheme by appointing a transition team to ensure the scheme is operational by 1 July, 2018. (more…)

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0 · July 26, 2017 in Appointments, Compliance & Regulation  
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APRA Says Claims Data Will Be Made Public

APRA has released an update on its claims data collection project stating it has collected the first batch of data and was likely to publish it in both aggregate and per insurer form. (more…)

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2 · July 25, 2017 in Claims, Compliance & Regulation  
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The Case for Individual AFSLs

Our latest poll asks whether you believe you and your adviser peers should become individually-licensed. (more…)

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4 · July 25, 2017 in Compliance & Regulation, Polls  

ANZ Trials Wellness Program With OneCare Customers

ANZ Wealth has begun a trial of a wellness program with 3000 participants in a bid to drive healthy behaviours among its OnePath and OneCare customer base. (more…)

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0 · July 25, 2017 in Company News, Services, Technology  

MLC Life Launches Group Life Platform

MLC Life Insurance has continued its rollout of new life insurance related technology with the launch of a group insurance digital platform for superannuation funds. (more…)

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0 · July 25, 2017 in Claims, Company News, Superannuation, Technology  

Government to Simplify Group Life Opt-Out

The Federal Government will ease the process for consumers to opt out of group life insurance schemes with the current arrangements being labelled ‘ridiculous’ by the Minister for Revenue and Financial Services, Kelly O’Dwyer. (more…)

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0 · July 24, 2017 in Products, Superannuation  
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Doctors Call for Tightening on Provision of Medical Records

The Royal Australian College of General Practitioners has called for a tightening of the patient records its GP members provide to life insurers. (more…)

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14 · July 21, 2017 in Claims, General, Underwriting