Tag Archives | feature


FASEA Adviser Exam to be Open Book For Corps Act

The Financial Advisers Exam proposed by FASEA will be open book in the area of the Corporations Act, according to the Assistant Treasurer, Stuart Robert, who told advisers that it was unreasonable to expect them to remember the relevant parts of the Act. (more…)

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1 · October 16, 2018 in Associations, Conferences and Events, Training  

Bank Push to Remove Trails Will Not Include Life Insurance

Efforts by Australia’s banks to end grandfathered payments and trail commission for financial advisers will not include life insurance commissions. (more…)

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3 · October 16, 2018 in Associations, Compliance & Regulation, Products, Remuneration, Services  

Latest Poll – FASEA Minimum Education Standards

Our latest poll seeks your input on whether you think FASEA’s minimum education requirements for existing advisers is fair. (more…)

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7 · October 16, 2018 in Compliance & Regulation, Conferences and Events, Polls  

ASIC to Examine Fee Disclosure as Licensees Admit Breaches

ASIC has raised concerns that advisers may not be complying with requirements to produce Fee Disclosure Statements (FDS) and Renewal Notices for their clients, claiming reported breaches indicate the possibility of systemic non-compliance. (more…)

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0 · October 15, 2018 in Compliance & Regulation, Remuneration  

ASIC Bans Adviser For Poor Risk Advice

ASIC has banned a Victorian adviser for three years after surveillance gathered through its Life Insurance Lapse Data Project found he failed to act in the best interest of his clients. (more…)

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1 · October 9, 2018 in Compliance & Regulation  

ANZ Earmarks $374 Million for Advice Remediation

ANZ will set aside $374 million to compensate customers who received inappropriate advice or for services not provided, including for advice provided by the advice businesses it sold to IOOF. (more…)

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0 · October 8, 2018 in Company News, Dealer Groups, Products, Services  

ClearView Pushes Back on Anti-Hawking Claims

Clearview has pushed back on claims that it breached anti-hawking provisions more than 300,000 times stating that figure was only the number of calls made by its direct life insurance business. (more…)

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0 · October 6, 2018 in Company News, Compliance & Regulation, Products, Services  

Zurich Revamps Adviser Portal With New Underwriting Engine

Zurich Australia has launched a new adviser portal which has incorporated the quoting, application and client management facilities of its predecessor into a single online tool. (more…)

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0 · October 5, 2018 in Products, Services, Technology  

MetLife Australia to Re-Enter Retail With Modular Products

MetLife Australia will mark its re-entrance into the retail advised life insurance market with the release of modular life insurance policies. (more…)

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0 · October 2, 2018 in Products, Services  

Royal Commission Does Not Understand Risk Advice – AFA

The AFA has claimed the Financial Services Royal Commission has not fully understood the nature of financial advice, nor the role of commissions in the remuneration of adviser, and will push to improve the latter’s view of these issues. (more…)

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2 · October 2, 2018 in Associations, Claims, Compliance & Regulation, Products, Remuneration, Services