Monthly Archives: August 2022
Future Exams, Qualifications Based on Advice Streams?
In announcing an impending industry consultation on financial adviser professional standards, the Federal Government has moved a step closer to the possibility of shaping future qualifications and testing requirements to take into account their...
Demonstrating Empathy and Understanding During the Claims Process
Specialist risk adviser, Serena West, sends a message in this article about the importance of common courtesies and of process when helping someone through a period of grief. While many Riskinfo readers will already...
Returning Risk Advice to Profitability
Our latest poll is based on a warning this week that unless advisers can remove 20-25% of the current cost base in their business, their advice will not be profitable.
This statement was made by...
MLC Moves on High-Risk Occupations
Greatest engagement by advisers this week was with our story on the withdrawal by MLC Life Insurance from offering TPD or IP cover for certain high risk occupations - yet another indicator of claims...
Keep Commissions and Allow Scaled Advice – MLC Life Insurance
Retaining risk commissions and scaling advice are critical solutions being advocated by MLC Life Insurance as desired outcomes from Treasury's Quality of Advice Review.
While not having provided a formal submission, the insurer has held...
Life Insurance More Important Than Home or Vehicle Insurance – Survey
A recent international survey has found that a greater percentage of people feel life insurance as more important to have than home/property insurance or vehicle insurance.
The survey of 1,000 people spanning the US, UK,...
ASIC Advice Fee Relief Under Review
The Government is undertaking a review of ASIC’s Industry Funding Model, including the temporary levy relief provided to financial advice licensees for 2020-21 and 2021-22.
Assistant Treasurer and Minister for Financial Services, Stephen Jones, says...
Zurich Finalises OnePath Integration
Zurich Australia Ltd has announced that it has finalised the transfer and integration of the life insurance business of OnePath Life Ltd.
A statement from Zurich says that in July 2022, the Federal Court of...
The Inevitability of Accountant/Planner Joint Ventures
ASV Wadeson's Jose Alguera-Lara says it's inevitable Accountant-Planner joint ventures will increase. He is adamant that the days of loose Accountant-Financial Planner alliances are over and joint ventures focusing on delivering value-add services will...
Poll Results – Information and Advice
Our latest poll result suggests most advisers agree they should have the same regulatory freedom as that enjoyed by finfluencers when providing simple financial information to consumers.
There's a big difference between the provision of...