Monthly Archives: June 2013
Guardian Launches Medical Referral Profit Share Program
Risk-specialist dealer group, Guardian Advice, has launched an exclusive medical and pathology service to its advisers, aimed at improving the client experience throughout the insurance application process.
The Medical Reward Program was developed in partnership...
AMP Reports $32M Insurance Loss
AMP has reported a loss of $32 million from its wealth protection business in the last five months.
The wealth manager has released an unaudited earnings update for the first half of 2013, following poor claims...
ASIC Aims to Raise Training Bar
The discussion about a national advice examination framework may be on hold, but the Australian Securities and Investments Commission (ASIC) is still focused on improving the training standards of financial advisers.
The regulator has issued...
Business Planning Disconnect Between BDMs and Advisers
New research into the role of business development managers (BDMs) has found that the vast majority are delivering business planning services to advisers, but few advisers seem to be benefiting from this.
According to Business...
New Duty of Disclosure Requirements for Insurers
New ‘duty of disclosure’ requirements for life insurance contracts, passed by the Parliament last week, will mean insurers must provide clients with a copy of their previous disclosures, or ask the same questions as...
Macquarie Life Announces Enhancements to Insurance Offers
Macquarie Life’s FutureWise and Life Active have both been updated, following a comprehensive review of the group’s insurance offerings.
Headlining the changes is the introduction of three different levels of trauma cover within FutureWise. Clients...
Trust in Financial Planners Falls
Recent press coverage, and the soon to commence Future of Financial Advice (FoFA) reforms, have done little to inspire confidence in financial planners, who have fallen nearly 10 places on the Reader’s Digest annual list of most...
ASIC ‘Incompetence’ Leads to Senate Inquiry
The performance of the Australian Securities and Investments Commission (ASIC) will be challenged in a Senate inquiry, following accusations of incompetence and inaction.
Nationals Senator, John Williams, successfully moved for the inquiry to be held,...
News in Brief
Jim Minto Appointed to Global Board;
AIA Partners with HUB24;
Marc Lieberman Joins FSC Board;
Launch of Insurance Tracker App
Jim Minto Appointed to Global Board
TAL Life Insurance Group CEO and Managing Director, Jim Minto, has been appointed...
Government Grants Further TASA Extension
The advice industry has been granted a further 12-month extension on the requirement to comply with the Tax Agents Services Act (TASA).
Assistant Treasurer, David Bradbury, yielded to pressure from the industry and the Coalition...