Monthly Archives: April 2018
FSC Flags Second Version of Insurance Code
The Financial Services Council (FSC) has begun work on the second iteration of its Life Insurance Code of Practice (LICP) and will release a draft version later this year.
FSC Chief Executive, Sally Loane said...
Advisers Reject Call For Random ASIC Audits
The majority of advisers have indicated they don't support the call for ASIC to conduct random audits of Australian risk advice businesses.
The call to audit 20 per cent of life insurance advisers over a...
Life Insurance Successes Poorly Communicated
The life insurance sector fails to communicate its successes leaving it to be defined by poor examples of behaviour instead, a member of the Parliamentary Joint Committee has claimed.
Addressing attendees at the recent FSC...
News in Brief
AFA Award Winner Names New Partner;
MetLife appoints Head of Group Product
AFA Award Winner Names New Partner
Melbourne based financial advice business, JBS Financial Strategists, headed by its founder and current MDRT Australia Chair,...
Commission Crunch Will Continue Into Future
Life insurance commissions will never return to pre-Life Insurance Framework reform levels and are likely to be reduced further under continuing reforms, according to the former Shadow Minister for Financial Services, Bernie Ripoll.
Speaking at...
New Business Sales Hits Five Year High
Sales of individual Death, TPD and Trauma insurance reached a five year high for the year to the end of December 2017 as four of the top ten life insurers recorded an increase in...
Industry Slow to Respond to PJC Report
The life insurance sector has been slow to respond to the release of the final report of the PJC Inquiry into Life Insurance, with only four insurers and one industry body making public statements...