Tag Archives | feature

iStock-474578119

Life Insurance Ranks Low in Royal Commission Priorities

Life insurance and financial advice has rated low among the number of public submissions received by Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry but will still be examined in due course, according to a senior counsel to the Commission. (more…)

Continue Reading
0 · February 13, 2018 in Compliance & Regulation, Products, Services  
iStock-688726342

Advisers With Degrees Have Met New Standards – AFA

The AFA has downplayed the likelihood of advisers with degree level qualifications having to undertake further extensive study, telling members they have already met the standards required under professional standards legislation. (more…)

Continue Reading
6 · February 13, 2018 in Associations, Compliance & Regulation, Training  
iStock-612852056

Poll Results – Challenges in Conveying Value of Risk Advice

Our latest poll results suggest consumers often fail to perceive the value of life insurance advice provided to them by their adviser. (more…)

Continue Reading
0 · February 13, 2018 in General, Polls, Services  
iStock-515006068

Commission Labels ‘General Advice’ as Misleading

The term ‘advice’ should be restricted to the activities of a professional adviser, according to the Productivity Commission, which has labelled ‘general advice’ in the financial services sector as misleading. (more…)

Continue Reading
3 · February 8, 2018 in Compliance & Regulation, General, Services  
iStock-866219156

ClearView Offers Flat Fee Facility for Life Advice

ClearView has launched a new online payment facility that will allow financial advisers to charge and process flat fees for life insurance advice. (more…)

Continue Reading
6 · February 6, 2018 in Company News, Products, Remuneration, Technology  
iStock-615498606

Latest Poll – The Perceived Value of Life Insurance Advice

Our latest poll stems from a contention that there is “…a problem with the perceived value of life insurance advice.” (more…)

Continue Reading
4 · February 6, 2018 in General, Polls, Services  
iStock-531630164-2

ClearView to Pay $1.5M for Poor Direct Life Sales Tactics

ClearView Life will refund $1.5 million to consumers who were sold policies over the phone after ASIC found it used unfair and high pressure sales practices when selling the products directly to consumers. (more…)

Continue Reading
8 · February 6, 2018 in Claims, Compliance & Regulation, Products  
iStock-815303398

AMP Focuses on ‘Good Work’ to Boost Claimant Recovery

AMP has increased its focus on returning people to ‘good work’, claiming the social connections and routines of work assist in the recovery of life insurance claimants. (more…)

Continue Reading
0 · February 1, 2018 in Claims  
iStock-621272228

Consumers Cautious on Cost of Advice, Premiums

Less than three per cent of consumers would be willing to pay $1,000 or more for life insurance related financial advice, according to research from online insurance provider, NobleOak. (more…)

Continue Reading
6 · January 30, 2018 in General, Products, Services  
iStock-661855146

TAL Risk Academy Enhancements

TAL has released details of its 2018 Risk Academy schedule, which includes new courses and a new learning portal. (more…)

Continue Reading
0 · January 30, 2018 in Company News, Practice Management, Products, Services, Soft Skills, Training