Tag Archives | feature

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ASIC Claims Advice Not Yet a Profession

The financial advice sector has yet to reach the point that it may be considered a profession, despite containing some professionals within it, according to ASIC Deputy Chair, Peter Kell. (more…)

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0 · April 17, 2018 in Compliance & Regulation, Training  
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MLC Life Goes Live With New Underwriting Engine

MLC Life Insurance has gone live with its new digital underwriting platform which will provide advice clients with an indicative underwriting decision in a matter of minutes. (more…)

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0 · April 17, 2018 in Company News, Products, Services, Underwriting  
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FPA Questions Advice Given to FASEA

The FPA has questioned the guidance provided to FASEA in rejecting study related to the CFP designation while accepting unrelated qualifications under the new proposed education standards. (more…)

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0 · April 12, 2018 in Appointments, Associations, Compliance & Regulation, Training  
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CommInsure Partners With UnderwriteMe on New Application Process

CommInsure has launched a new digital quote and application process, based on UnderwriteMe’s underwriting rules engine, that will be available to advisers and their clients. (more…)

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0 · April 11, 2018 in Company News, Products, Services, Technology  
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Sanders Steps Down as FASEA CEO

The Chief Executive Officer of Financial Adviser Standards and Ethics Authority (FASEA), Deen Sanders has stepped down from the role and will be replaced in an interim capacity by FASEA board member, Dr Mark Brimble. (more…)

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0 · April 10, 2018 in Appointments, Compliance & Regulation, Training  
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AFA Slams PJC Report

The AFA has released its response to the Report of the PJC Inquiry into Life Insurance stating it was “surprised, perplexed and disappointed” by parts of the report, which it considers as having missed the terms of reference for the inquiry and having drawn conclusions without evidence. (more…)

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0 · April 10, 2018 in Compliance & Regulation, Products, Remuneration, Services  
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Adviser Associations To Appear Before Royal Commission

The AFA and FPA have been called to give evidence on the disciplinary regime for financial advisers at the second round of hearings of the Banking Royal Commission, but life insurance has been omitted from topics to be covered. (more…)

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0 · April 6, 2018 in Associations, Compliance & Regulation, Dealer Groups, Products, Remuneration, Services  
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Legal Firm Alleges Insurers Breached Codes Multiple Times

Life insurers have breached their own code of practice more than 700 times in six months and should face harsher penalties under ASIC enforced codes for failing to do so, a large legal firm has claimed in its submission to the Banking Royal Commission. (more…)

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0 · April 6, 2018 in Associations, Claims, Compliance & Regulation, Products  
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Advisers Reject Call For Random ASIC Audits

The majority of advisers have indicated they don’t support the call for ASIC to conduct random audits of Australian risk advice businesses. (more…)

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0 · April 3, 2018 in Compliance & Regulation, Polls  
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Life Insurance Successes Poorly Communicated

The life insurance sector fails to communicate its successes leaving it to be defined by poor examples of behaviour instead, a member of the Parliamentary Joint Committee has claimed. (more…)

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0 · April 3, 2018 in Associations, Compliance & Regulation, Conferences and Events, Products, Services