Tag Archives | feature

iStock-495841692

What’s a Lapse?

Our latest poll asks for your verdict on whether insured benefit reductions should be used by ASIC as a factor when determining lapses. (more…)

Continue Reading
3 · October 17, 2017 in Compliance & Regulation, Polls  
iStock-847541098

Calls to Review ASIC Lapse Definition

Industry stakeholders are seeking clarity from ASIC over the criteria it is using to determine the incidence of life insurance policy lapses. (more…)

Continue Reading
12 · October 17, 2017 in Compliance & Regulation  
iStock-156425086

ANZ Wealth to Keep Insurance on the Table

ANZ Wealth has stated it will continue to invest in its life insurance business but may sell it separately from its pensions, investments and aligned advice businesses, which have been sold to IOOF. (more…)

Continue Reading
1 · October 17, 2017 in Company News  
iStock-494896064

Westpac to Face Class Action Over Premiums

Consumers who received life insurance advice from a Westpac aligned financial adviser and purchased a policy based on that advice have been encouraged to join a class action which claims the bank overcharged clients for their life insurance premiums. (more…)

Continue Reading
9 · October 16, 2017 in Claims, Company News, Compliance & Regulation, Products  
iStock-859435800

Hybrid Commissions Gaining Ground

Financial advisers are favouring hybrid commission models over level commission or fee for service, and estimate more than half of their revenue will come from that model by 2020, according to Investment Trends. (more…)

Continue Reading
1 · October 10, 2017 in General, Practice Management, Remuneration  
iStock-516504502

More Risk Advisers Seeing Light at the End of the Tunnel

Our latest poll results suggest more risk-focussed advisers are gradually coming to grips with the prospect of a brighter future for their advice proposition. (more…)

Continue Reading
2 · October 9, 2017 in Compliance & Regulation, Polls, Remuneration  
iStock-522390562

AFRM Launches Claims Advocacy Service

Specialist risk advice practice Australian Financial Risk Management (AFRM) has launched a claims advocacy service for retail and group insurance policy holders. (more…)

Continue Reading
8 · October 9, 2017 in Claims, Company News  
iStock-477141508

Life Insurance Advice Complaints Remain Low

Disputes lodged with the Financial Ombudsman Service (FOS) reached a record level after increasing by 16% over the past 12 months but disputes regarding life insurance remain relatively low. (more…)

Continue Reading
4 · October 6, 2017 in Compliance & Regulation, General  
iStock-184793993

Risk Specialist Adviser Numbers Continue to Fall

The proportion of risk specialists among advisers who write risk business has continued to decline to its lowest point in five years, according to Investment Trends. (more…)

Continue Reading
9 · October 3, 2017 in Compliance & Regulation, General  
iStock-489693208

Latest Poll – Risk Specialist Advice Businesses

Our latest poll asks a difficult question about the future for risk specialist advice businesses. (more…)

Continue Reading
5 · October 3, 2017 in Compliance & Regulation, Polls, Remuneration