January 20, 2020
The Financial Services Council has gone on record in support of Recommendation 4.8 of the Banking Royal Commission which makes insurance claims handling a financial service. (more…)
Category | Compliance & Regulation
Making Compliance Work For You: The Elements of Valuable Life Insurance – Part 3
January 17, 2020
In this article, the final in a three-part series, BT’s Crissy De Manuele continues to break down the elements of what constitutes valuable life insurance advice, turning her focus on research comparisons and underwriting pre-assessments… (more…)
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0 · January 17, 2020 in AdviserFocus, Claims, Compliance & Regulation, Underwriting
0 · January 17, 2020 in AdviserFocus, Claims, Compliance & Regulation, Underwriting
Another Tough Year for Risk Advisers
January 14, 2020
Risk focussed advisers are facing yet another challenging twelve months, according the results of our latest poll. (more…)
ASIC Bans NSW Adviser
January 9, 2020
ASIC has announced it has banned Northern NSW adviser, David O’Brien, from providing financial services for four years following a surveillance by the regulator. (more…)
3,000+ Adviser Exits From Major Institutions – New Report
January 8, 2020
Major regulatory action post the Royal Commission, combined with strategic exits by major banks along with a 50 percent increase in exits from major institutions, is transforming the shape of the financial advice industry, according to the 2nd Australian Financial Advice Landscape Report by Adviser Ratings. (more…)
FPA Launches New SoA Digital Interactive Guide
January 7, 2020
The Financial Planning Association of Australia has launched its Future of the Statement of Advice (SoA) digital interactive guide to help financial advisers develop more accessible, personalised and meaningful client experiences during the advice process. (more…)
ASIC Takes Court Action Against NAB on Fees For No Service and FDS Failure
December 23, 2019
In late December ASIC announced it had begun civil penalty proceedings in the Federal Court against National Australia Bank Limited (NAB) and was seeking findings of several thousand contraventions of the ASIC Act and the Corporations Act. (more…)
FASEA Clarifies Position – Green Light for Risk Commissions
December 20, 2019
In the lead-up to Christmas, FASEA has clarified its position on life insurance commissions, effectively delivering an unequivocal green light to the continuation of commissions as a valid form of remuneration. (more…)
Latest Poll – LIF 2020
December 17, 2019
At the end of a sometimes bruising year for risk-focussed advisers and advice businesses, we’re keen to establish your outlook as you enter the New Year. (more…)
ASIC Commences Proceedings Against TAL
ASIC has commenced proceedings in the Federal Court against TAL Life Limited for alleged breaches of the ASIC Act, the Corporations Act and the Insurance Contracts Act, in relation to a claim made under an income protection policy. (more…)
