Monday, October 18, 2021

Synchron Supports FSC White Paper – But Trust an Issue

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While Synchron Director Don Trapnell says his company supports any moves to reduce the cost of advice and relieve the compliance burden, as outlined in an FSC White Paper on Financial Advice, he says...

ASIC Extends Temporary Financial Advice Relief Measures

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ASIC has announced that it will further extend temporary relief measures designed to help the financial advice industry provide consumers with affordable and timely advice during the pandemic. The regulator says in a statement that...

Deep Insights From the Past to Build a Better Future

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APRA's IP intervention has been seen by most as a necessary circuit-breaker the industry needed to realign the role of Income Protection in the lives of Australians. In this article, TAL's Rob Powell talks about...

Australia’s Largest Life Insurers Unite Around Covid-19 Vaccinations

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Australia’s seven largest life insurers have announced they are joining forces in support of Australia’s Covid-19 vaccination program. The participating insurers, which between them provide life insurance cover to more than 14 million Australians, are: ...

IP Advice Not Getting Any Easier – Poll

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Income protection insurance advice will become more challenging in future. This appears to be the message being sent by the majority of advisers in response to our latest poll on the impact of the...

FSC To Ban Occupational Exclusions

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The FSC has announced it will be introducing an enforceable FSC Standard to prohibit the use of exclusions and restrictive disability definitions because a member is employed in a high-risk occupation. The council says in...

Landmark White Paper Blueprint – Simplify Advice Framework, Drive Down Costs

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The roadmap outlined in the FSC's White Paper on financial advice, including timeframes, offers one pathway to a future in which the industry can eventually wrest back the ability to self-regulate. The potential significance...

Adviser Numbers Fall 1,750 in 2021

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The latest analysis from Wealth Data reveals that the current number of financial advisers stands at 18,887, a loss of 1,746 advisers in the 2021 year to date. The professional services firm's data shows this...

New Chair and Deputy for Pro Bono Financial Advice Network

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The Pro Bono Financial Advice Network has announced the appointment of existing board members, Nicola Beswick as Chair and Natalie Kleibert as Deputy Chair. A statement from the organisation says that Beswick and Kleibert will...

Power of Specialisation and Scale Drives Risk Advice Business Success Story

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In 2016, MBS Insurance Directors Kris Mason and Drew Burden implemented a plan to utilise scale to transform their local advice practice into a unique, professional, national life insurance-only specialist advice business. Riskinfo thanks Kris...