Thursday, May 30, 2024

End of Dixon Advisory’s AFCA Membership Welcomed

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The decision by the board of the Australian Financial Complaints Authority to propose ending the membership of Dixon Advisory from 30 June 2024, has been welcomed by the FAAA. The FAAA says in a statement...

New Advice Business Establishes Wait List for Future Clients

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A new advice business targeting high-net-worth individuals has already established a wait list for potential new clients seeking its services. Freshwater Wealth, which was founded in December 2023 by Roger Perrett, say it’s providing “…a...

Retirees Want Guidance Around Retirement Decisions

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New research from TAL highlights the role of superannuation funds in providing retirement education and tools to members, with 51% of pre-retirees and 39% of retirees looking to their fund for guidance around their...

New IP Business – Poll Result

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Nearly half of the adviser community has indicated their practice is writing either 'slightly more' or 'significantly more' IP new business in 2024. As we go to press a total of 42% of respondents to...

 AI Solution for Underwriting Mental Health 

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Zurich has commenced the roll-out of an Artificial Intelligence model to streamline its ability to underwrite life insurance applications. The insurer says it has concluded the first phase of its collaboration with the University of...

AI-Based Life Guide Helps Underwriters

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An AI-powered platform aims to increase the efficiency of underwriters by generating swift answers to their questions. Life Guide, a life and health underwriting manual, helps underwriters understand risks so they can make informed decisions....

Nestworth Appoints New CEO

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AZ NGA-backed national advisory firm Nestworth Financial Strategists has appointed former Insignia Financial senior executive Helen Blackford as CEO to drive the group's growth and expansion plans. The company says Blackford was most recently the...

ASIC Bans Former Financial Adviser

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ASIC has banned former financial adviser Gawad Nabi from providing financial services for a period of three years. The commission says Nabi was an authorised representative of Life Plan FP Pty Ltd from 23 March...

Guidance on Experienced Provider Pathway Released

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ASIC has released guidance to financial advisers and AFS licensees on how they can access the experienced provider pathway. The regulator says to access the pathway, financial advisers need to make a written declaration and...

IP Green Shoots?

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Our latest poll is based on the green shoots indicating IP new business sales are on the rise. As we report this week, DEXX&R's latest quarterly data reveals there was a 7.3% jump in individual...