Wednesday, January 20, 2021

Best Interest Advice –  Former Adviser Banned

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ASIC has banned Sydney-based financial adviser Jim Pavlidis from providing financial services for three years. A statement from ASIC says a review of Pavlidis’ advice between 2004 and 2018 found that he failed to provide...

Q&A Service Offer for Advising on Risk

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Industry elder statesman, Russell Collins, is set to initiate a Q&A service for advisers seeking direction in delivering life insurance advice solutions to their clients. Intended to be structured as live, 'real-time' online support, Collins'...

FASEA Exam Deadline

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Our latest poll delves into your intentions regarding the FASEA adviser exam, which existing advisers must pass before the end of 2021. By the end of 2020 just over 11,200 advisers had passed the exam,...

Using Technology to Help Advisers Manage Their Education Requirements

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TAL's Beau Riley reflects on how the Covid-19 pandemic has accelerated the changing nature of adviser learning... The disruption brought on by the global pandemic has had lasting impacts on the financial advice sector in...

AIA Takes Next Step in Process to Acquire CommInsure Life

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AIA Australia has announced that it has published notices in major Australian newspapers signaling its intent to take on the Commonwealth Bank of Australia’s life insurance and investments business, known as CommInsure Life. The insurer...

AIA Australia Partners with Collingwood Women’s Football Team

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AIA Australia has announced a new partnership with Collingwood Football Club, as co-major sponsor of the AFLW team. A statement from the insurer says its logo will feature on the front of Collingwood’s AFLW home...

MLC Life Appoints New Chief Life Insurance Officer

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MLC Life Insurance has appointed Michael Rogers as its Chief Life Insurance Officer, overseeing the company’s insurance operations and delivery to customers, advisers, and superannuation funds. A statement from the company says that Rogers will...

Zurich’s New North Sydney Headquarters Opens

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Zurich Financial Services Australia's new North Sydney headquarters, Zurich Tower, located at 118 Mount Street, was officially opened in mid-December. A statement says that the new 29-storey headquarters, purpose-built for Zurich's Australian and New Zealand...

Mixed Response to Dismantling of FASEA

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Nearly six out of ten respondents (58 percent) to our final poll of 2020 supported the Government’s move to split FASEA’s functions between the Treasury and ASIC. However, nearly a third (29 percent) were not...

11,000+ Advisers Have Passed FASEA Exam

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A total of 11,241 advisers had passed the adviser exams by the end of 2020, representing 52 percent of advisers on ASIC’s Financial Adviser Register, according to a statement from FASEA. In releasing the November...