Monthly Archives: February 2019
Research Findings Can Assist Adviser-Client Engagement
A new study commissioned by MetLife Australia has found that many Australian couples and families could face financial hardship if the secondary income earner was unable to work.
In findings that may serve to enhance...
Study Confirms Preference for Human Advice Over Robo Advice
A study released by the MDRT organisation affirms that consumers want technology to complement, rather than replace human financial advisers.
The research findings are based on a survey of two thousand American consumers, which examined:
...
BT Software Enhancements, Policy Fee Offer
BT has announced two enhancements for its risk quotes and application platform, LifeCENTRAL+, and has also extended its policy fee waiver offer.
Split Payment Options
Within its LifeCENTRAL+ platform, BT advises that those of its clients'...
MLC Life Insurance, TAL Recognised for Gender Equality
Specialist insurers MLC Life Insurance and TAL have both been awarded citations for their high gender equality standards.
The citations form part of the Workplace Gender Equality Agency's annual Employer of Choice recognition for gender...
Labor May Ban All Risk Commissions
The Federal Opposition has confirmed it would ban all risk commissions if ASIC's 2021 review of the impact of the Life Insurance Framework reforms offers no clear justification for retaining them.
Labor's policy on the...
ASIC Bans Insurance Broker
ASIC has permanently banned a general insurance broker for dishonest conduct.
The regulator announced this week it had permanently banned James Sheehan from providing financial services after its investigation found he had engaged in dishonest...
Scale Remains Key Factor in Advice Business Profitability
Scale continues to be a critical benchmark in determining the ongoing profitability of Australian advice practices, according to Business Health.
Notwithstanding the significant focus being placed by advice businesses on changing industry metrics to be...
ASIC Response to Royal Commission – Grandfathering and Risk Commissions
ASIC has has released an update on its intentions to implement the recommendations of the Banking Royal Commission, which includes its approach to grandfathered investment and superannuation product commissions and to life insurance commissions.
Inside...
Level Commission Poll Results
Advisers are divided on whether they think their business will remain viable if forced into a level commission remuneration model for life insurance advice after 2021.
This appears to be the message stemming from our...
Post Royal Commission Risk Advice – What Needs to Change?
Passionate risk advice specialist, consultant and author, Chris Unwin**, has penned a brief article on what he thinks needs to change for the world of risk advice following the release of the Royal Commission...