Tag Archives | feature

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ClearView to Pay $1.5M for Poor Direct Life Sales Tactics

ClearView Life will refund $1.5 million to consumers who were sold policies over the phone after ASIC found it used unfair and high pressure sales practices when selling the products directly to consumers. (more…)

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8 · February 6, 2018 in Claims, Compliance & Regulation, Products  
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AMP Focuses on ‘Good Work’ to Boost Claimant Recovery

AMP has increased its focus on returning people to ‘good work’, claiming the social connections and routines of work assist in the recovery of life insurance claimants. (more…)

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0 · February 1, 2018 in Claims  
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Consumers Cautious on Cost of Advice, Premiums

Less than three per cent of consumers would be willing to pay $1,000 or more for life insurance related financial advice, according to research from online insurance provider, NobleOak. (more…)

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6 · January 30, 2018 in General, Products, Services  
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TAL Risk Academy Enhancements

TAL has released details of its 2018 Risk Academy schedule, which includes new courses and a new learning portal. (more…)

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0 · January 30, 2018 in Company News, Practice Management, Products, Services, Soft Skills, Training  
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Questions Raised Around Institutional Conflicts of Interest

ASIC has recommended that vertically integrated advice licensees conduct regular reviews of their use of in-house products and has reiterated its concern that conflicts of interest in this area are not being addressed. (more…)

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1 · January 26, 2018 in Compliance & Regulation, Products, Services  
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ASIC Confirms In-house Product Bias from Aligned Advisers

Large vertically integrated advice businesses have been directing more than two-thirds of their clients’ funds into in-house products, despite those products making up only around a fifth of approved product lists, a new report from ASIC has revealed. (more…)

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9 · January 26, 2018 in Compliance & Regulation, Products  
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Zurich Signs Sponsorship Deal with AFL Club

Zurich Financial Services Australia will become the co-principal sponsor of the Melbourne Football Club after it signed a three-year deal with the AFL club. (more…)

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1 · January 23, 2018 in Company News, General  
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Advisers on APLs – Three Insurers Not Enough

The results of our latest poll suggest the large majority of advisers prefer access to more than three insurers on their licensee Approved Product Lists. (more…)

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0 · January 23, 2018 in Compliance & Regulation, Polls  
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Online Insurance Purchases Double in Five Years

The level of life insurance purchased online from insurers has increased by more than 100 per cent in the last five years with around 350,000 policies sold via this channel in 2017, according to research released by Roy Morgan. (more…)

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1 · January 22, 2018 in General, Products, Technology  
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ASIC Takes First Action Against Adviser Based on Lapse Data

ASIC has accepted an enforceable undertaking (EU) from the first adviser picked up under its Life Insurance Lapse Data Project, after finding he failed to meet his obligations in providing life insurance replacement advice. (more…)

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2 · January 18, 2018 in Compliance & Regulation