Tag Archives | feature

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ASIC Issues Warning for Dover Advisers, Clients

ASIC has issued a reminder to Dover clients that their advisers are not able to provide advice until authorised by a new licensee, and for licensees to closely vet any former Dover adviser before bring them on-board. (more…)

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0 · June 12, 2018 in Company News, Dealer Groups  
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Dover Shutdown Not Initiated By ASIC

ASIC has confirmed that it was investigating Dover Financial Advisers but the sudden closure of the group, announced late last week, was initiated by the group and its owner, Terry McMaster. (more…)

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1 · June 12, 2018 in Company News, Dealer Groups  

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AFA Proposes Education Changes to Prevent Adviser Exodus

The AFA will deliver a number of recommendations to the Financial Adviser Ethics and Standards Authority (FASEA) which will provide more scope for older advisers to remain in the industry after the introduction of new education standards. (more…)

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5 · June 12, 2018 in Associations, Compliance & Regulation, Training  
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Dover Financial Advisers to Close in One Month

Non-aligned financial advice group Dover Financial Advisers has told its advisers their authority to act as authorized representatives had been withdrawn immediately and the group would cancel its licence in one month. (more…)

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7 · June 9, 2018 in Breaking, Company News, Dealer Groups  
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Japanese Firm Buys Stake in Start-Up Insurer

New life insurance entrant, Integrity Life, has announced that a specialist Japanese life insurance company has taken a minority stake in the company for $13 million. (more…)

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0 · June 5, 2018 in Company News  

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Poll Update – Risk Advice Fees and Commissions

Clarification has been received in the last week that the prospect of a blanket ban on risk commissions may not be as much on the regulatory agenda as first thought. (more…)

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1 · June 5, 2018 in Compliance & Regulation, Polls, Remuneration  
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Life Insurance Commissions Will Remain – ASIC

The head of ASIC has claimed a recent speech in which he called for the removal of commissions to avoid conflicts of interest was not intended to include life insurance commissions and there was no plan to remove them. (more…)

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5 · June 5, 2018 in Compliance & Regulation, Products, Remuneration  
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ANZ To Sell OnePath Business in New Zealand

ANZ New Zealand has announced the sale of OnePath Life NZ to specialist insurance provider Cigna Corporation for NZ$700 million. (more…)

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0 · May 30, 2018 in Company News, New Zealand, Products  
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ASIC to Target Non-Bank Advisers

ASIC is likely to target smaller financial advice groups and individual advisers now that it had a better understanding of the key areas of concerns in the advice process, a financial services legal firm has claimed. (more…)

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4 · May 29, 2018 in Compliance & Regulation, Dealer Groups, Products, Remuneration, Services  
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No Risk Commissions – No Advisers

The headline to this story succinctly summarises the response we’ve received to our latest poll. (more…)

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6 · May 28, 2018 in Compliance & Regulation, Polls, Remuneration