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Advice Leading Trigger for Review of Insurance Inside Super

Financial advice has been found to be the leading cause of people taking action to review their life insurance inside a superannuation fund, according to research conducted by MetLife. (more…)

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1 · December 12, 2017 in Uncategorized  
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Royal Commission Receives Support From Advisers

Advisers have given their qualified support to the recently-announced Royal Commission into the Banking and Financial Services sector. (more…)

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3 · December 11, 2017 in Compliance & Regulation, Polls  
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Education Courses To Fall Outside Conflicted Remuneration

ASIC has confirmed that it will not regard remuneration that provides an educational benefit to advisers as conflicted but has cast doubt on the sponsorship of conferences. (more…)

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0 · December 8, 2017 in Compliance & Regulation, Conferences and Events, Remuneration  
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Revised Life SoA Moves Commissions Off Front Page

ASIC has moved commissions off the front page of its example Statement of Advice (SoA) for life insurance, following industry feedback which claimed the numbers were being presented without context. (more…)

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7 · December 8, 2017 in Compliance & Regulation, Remuneration, Services  
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Royal Commission Poll

Our latest poll seeks your opinion about the Government’s decision to conduct a Royal Commission into Australia’s banking and financial services sector. (more…)

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5 · December 5, 2017 in Compliance & Regulation, Polls  
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AIA Australia Waives New Policy, Vitality Fees

AIA Australia will waive up to around $400 in fees over two years for clients who take out a new Priority Protection policy and Vitality program until the end of March 2018. (more…)

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1 · December 4, 2017 in Company News, Products  
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FSC Defends APLs as Cost Saving Measure For Advisers

The FSC has defended the use of Approved Product Lists (APL) of life insurance products by financial advisers telling a Government inquiry the lists are required to allow advisers to provide affordable advice. (more…)

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4 · December 4, 2017 in Associations, Products  
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ASIC Bans Adviser for Super, Insurance Best Interest Failure

A Victorian financial adviser has been banned for three years after failing to act in the best interests of clients when switching their life insurance and superannuation. (more…)

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0 · December 1, 2017 in Compliance & Regulation  
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LIF – Seven in Ten Advice Business Models May Change

Our latest poll results suggest almost seven in ten advisers have changed their business model in the lead-up to the Life Insurance Framework transition period, or are at least thinking about it. (more…)

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3 · November 28, 2017 in Compliance & Regulation, Polls, Remuneration  
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Lack of Information Leading to Claims Scepticism

The lack of information on what occurs during a life insurance claim continues to cause stress for claimants and feeds into ongoing scepticism around life insurance, according to a claims specialist. (more…)

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3 · November 27, 2017 in Claims, Services