Tag Archives | feature


The Question of Life Product Shelf Space Fees

Our latest poll is based on ASIC’s assessment that life insurers may still be in a position to pay licensee shelf space fees following the implementation of the Life Insurance Framework reforms. (more…)

Continue Reading
1 · August 15, 2017 in Compliance & Regulation, Polls, Remuneration  

AFA To Revise Constitution at AGM

The Association of Financial Advisers (AFA) will seek to revise its constitution and by-laws in an effort to become a code monitoring body under the new professional standards legislation. (more…)

Continue Reading
0 · August 15, 2017 in Associations, Conferences and Events  

Risk Adviser to Appeal Five Year Ban

A financial adviser who has banned by ASIC for five years after failing to act in the best interest of clients has asked for the decision to be reviewed by the Administrative Appeals Tribunal (AAT). (more…)

Continue Reading
2 · August 15, 2017 in Compliance & Regulation  

CBA Examining CommInsure Sale

The Commonwealth Bank (CBA) has flagged that it may sell its Australian and New Zealand life insurance businesses stating that it is in discussions with interested parties. (more…)

Continue Reading
1 · August 9, 2017 in Company News  

AFA Changes Election By-Laws

The AFA has made a number of changes to its by-Laws governing elections for board members including a provision that board nominees must be of ‘good standing’. (more…)

Continue Reading
0 · August 8, 2017 in Associations  

TAL Backdates Trauma Definitions

TAL will apply the new minimum standard trauma definitions within the Life Insurance Code of Practice (LICP) to all new claims received on individual policies purchased since 10 August 2009. (more…)

Continue Reading
6 · August 8, 2017 in Company News, Compliance & Regulation  

AIA Makes Changes to Premium Rates

AIA Australia has introduced a large sum insured discount and reduced premiums on some policies for new business written under its Priority Protection and Priority Protection for Platform Investors (PPPI) products. (more…)

Continue Reading
5 · August 7, 2017 in Company News, Products  

Suncorp Considers Asteron Life Options

Suncorp will consider a range of options for its life insurance business, Asteron Life, stating that additional reinsurance, a partnership or full sale were all still in the table. (more…)

Continue Reading
0 · August 4, 2017 in Company News  

Leave SoA Commission Details Alone – AFA

The AFA has recommended that life insurance commissions should not be displayed at the start of Statements of Advice (SoA) stating that to do so would present them out of context to the advice being provided. (more…)

Continue Reading
20 · August 1, 2017 in Compliance & Regulation, Products, Remuneration  

Qualified Support for Individual AFSLs

Advisers have lent their qualified support to the concept of moving the industry to an individual financial services licensing regime. (more…)

Continue Reading
1 · August 1, 2017 in Compliance & Regulation, Polls