Monthly Archives: November 2018
Risk Commissions Will Remain – Advisers
The majority of advisers believe risk commissions will not be consigned to history.
During what may be remembered as one of the darkest-ever periods for the reputation of life insurance advice in Australia, a resilient...
Advisers Given Limited Time to Comment on FASEA Proposals
Financial advisers have been given just over three weeks to provide feedback on changes to education pathways and the recognition of professional designations after FASEA released a revised set of standards late last week.
The...
ClearView Launches Dealer Services Offering
ClearView has expanded the services offered by its financial advice arm with the creation of a dealer services offering for advisers who hold their own Australian Financial Services Licence.
The listed financial services group stated...
FASEA Releases Updated Education, Exam Guidelines
The Financial Adviser Standards and Ethics Authority (FASEA) has confirmed advisers will be able to gain four credits for holding the Advanced Diploma of Financial Planning and an industry designation, and has altered the...
OnePath Named as Consumer’s Choice
OnePath has been named as the leading life insurer among consumer policy holders and claimants at the third annual Consumer Choice Awards.
The Awards, which are a joint initiative of the AFA and the Beddoes...
Consumers Want More Adviser Contact For Insurance
Only half of advisers are conducting regular reviews of their client’s life insurance despite nearly 90 percent of clients wanting some form of contact every year, according to a new report from MetLife Australia.
The...
‘Community Standards’ Will Reshape Cost of Claims
The emergence of ‘community standards and expectations’ as a new benchmark for the behaviour of institutions will lead to a number of changes to the life insurance industry that is likely to have a...
FPA Fines Sam Henderson $50,000
The FPA has fined former high profile financial adviser, Sam Henderson, $50,000 in relation to the multiple breaches of its Code of Professional Practice.
The fine was imposed by the Association's disciplinary body, the Conduct Review...
Latest Poll – The Future of Risk Commissions
Questions stemming from the Insurance Round of the Banking Royal Commission, and the responses they have generated, has prompted our latest poll.
What may have been unimaginable to many practising advisers at the beginning of...
AIA Asks Senators to Reconsider Group Life Opt-In
AIA Australia has written to Senators asking them to reconsider moves by the Federal Government to make group life insurance inside super an opt-in arrangement for people aged under 25.
In the letter, signed by...