Tag Archives | feature


RC Failed to Understand Value of Advice – AFA

The Association of Financial Advisers has taken issue with what it says is the Banking Royal Commission’s failure to understand the value of financial advice. (more…)

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3 · March 19, 2019 in Associations, Compliance & Regulation  

Westpac to Exit Personal Financial Advice

Westpac Group has announced it will remove itself from the provision of personal financial advice. (more…)

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3 · March 19, 2019 in Company News  

MLC Life Insurance Steps-Up to Support Risk Commissions

MLC Life Insurance has released a statement in which it strongly argues the case for the continuation of life insurance commissions. (more…)

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6 · March 19, 2019 in Compliance & Regulation, Remuneration  

Genetic Testing Moratorium – Update

In the lead-up to this week’s 2019 FSC Life Insurance Conference, the Financial Services Council has confirmed its genetic testing moratorium policy will be implemented from 1 July 2019. (more…)

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· March 18, 2019 in Compliance & Regulation, General  

Reprieve for Mortgage Broker Trails

The Government has stepped back from its earlier position on dispensing with trail commissions for mortgage brokers. (more…)

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7 · March 12, 2019 in Compliance & Regulation, Remuneration  

ASIC Critical of Delays in Fees-For-No-Service Reviews

ASIC has expressed its disappointment in what it terms ‘unreasonable delays’ associated with further review programs around the fees-for-no-service failures of six leading financial institutions. (more…)

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0 · March 11, 2019 in Compliance & Regulation  

2018 CommInsure Claims Almost Reach $1Billion

CommInsure reports it paid out over $960 million in claims last year. (more…)

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· March 8, 2019 in Claims, Company News  

Zurich Call to Retain Risk Commissions

Zurich has declared its support for the continuation of risk commissions beyond 2021. (more…)

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4 · March 7, 2019 in Compliance & Regulation, Remuneration  

Integrity Life Launches Into Retail Market

New insurer, Integrity Life, has launched into the retail life insurance advice sector this week. (more…)

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1 · March 5, 2019 in Company News  

AFA Challenges RC on Banning Grandfathered Commissions

The Association of Financial Advisers has issued a detailed statement in which it argues that the Banking Royal Commission’s position on banning grandfathered investment and superannuation commissions could be challenged on constitutional grounds. (more…)

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10 · March 1, 2019 in Compliance & Regulation, Remuneration