Monthly Archives: July 2018
Licensees to be Publicly Rated Under New Proposal
Advisers and consumers may be able to assess the quality and risk factors associated with a licensee under a new ratings system that is being put forward by research group, Adviser Ratings.
In a proposal...
Lack of Time Driving Advisers to Claims Services
Advisers are opting to use claims advocacy services to free up their own time to interact with clients and to work on their businesses, according to the head of AFRM Claims Advocacy (ACA), Bruno...
Outsourcing Your Clients’ Claims?
Our latest poll is seeking your view on the prospect of outsourcing your clients' claims processes to a third party.
We're asking you this question following a report that risk specialist firm Australian Financial Risk...
News in Brief
IOOF to Complete ANZ Advice Acquisition Ahead of Schedule
TAL Begins 2018 Adviser Roadshow
IOOF to Complete ANZ Advice Acquisition Ahead of Schedule
IOOF has announced that it will complete its acquisition of ANZ’s aligned...
AIA Australia Increases Premium Discount For Vitality Members
AIA Australia has increased the initial discount for Lump Sum benefits to 15 per cent for eligible clients if they sign up to the insurer’s health and wellness program in the second half of...
AMP Accelerates Advice Remediation Program
AMP will step up the pace at which it will remediate financial advice customers who were charged fees without receiving advice, or were provided with inappropriate advice, with future payments to customers expected to...
FSC Life Code Will Extend to Super Trustees
The Financial Services Council (FSC) will extend its mandatory Life Insurance Code of Practice (LICP) to cover superannuation trustees in a move which tackles criticism about the effectiveness of a voluntary code released an...
Advisers May Face 50 Hours of CPD
Financial advisers may be required to complete 50 hours of Continuing Professional Development (CPD) and to track their own compliance with that standard for a period of six years, under new proposals released by...
FASEA Proposes P-Plates for New Advisers
New entrants to the advice profession will be required to undertake 800 hours of education and training and will be labelled as ‘Provisional Financial Advisers' under new proposed standards released by the Financial Adviser...
Risk Sales Boosted by Group Life Sales
Overall life insurance risk premium inflows have grown at an annual rate of 2.3 per cent while overall risk sales were up around 15 per cent due to a large increase in group risk...