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Showing 1 - 10 of 19 results for "Trowbridge Report"

ClearView slams APL standard

KARREN VERGARA  |  TUESDAY, 18 APR 2017
... restrictive APLs, Swanson said. Swanson adds the draft standard ignores the issue of shelf-space fees and shuns the Trowbridge Report's recommendation that APLs should include at least half of all life insurers. "Despite being charged by the government ...

FSC defends industry self-regulation

ALEX BURKE  |  WEDNESDAY, 9 MAR 2016
... industry code of conduct is required." However, the FSC has been developing such a code in response to the 2015 Trowbridge report. In a statement, FSC chief executive Sally Loane said, "The Code of Practice is an industry first for life insurance and ...

Findex life insurance goes commission-free

ALEX BURKE  |  MONDAY, 20 JUL 2015
... commissions in the advisory industry, have been impediments to change so far," he continued. "We welcomed the Trowbridge Report but have always believed in aiming higher by seeking 100% commission-free model. We are delighted that product developers ...

Risk reforms ignore key adviser concerns

ALEX BURKE  |  THURSDAY, 25 JUN 2015
... policy churn. Synchron director Don Trapnell told Financial Standard that the reform improved on the initial Trowbridge report, but it failed to address the fact that the real trigger for life insurance churn is "Australia's love-affair with yearly renewable ...

Asteron discusses alternative commission structure

DARREN SNYDER  |  FRIDAY, 29 MAY 2015
... Vilo reportedly told a company roadshow in Melbourne the idea by no means provides all the answers. One of the Trowbridge report's recommendations suggests level commissions to be set at 20% of premiums and Vilo suggests the wholesale model would allow ...

Fortnum drops upfront risk commissions

ALEX BURKE  |  MONDAY, 18 MAY 2015
... charge using a fee-for-service model for insurance advice or use a hybrid/level commission model. As per the Trowbridge report's recommendations, level commissions will be set at 20% of premiums along with a possible $1,200 initial advice payment. Fortnum ...

Bank results underpin wealth management new era

LAURA MILLAN  |  FRIDAY, 8 MAY 2015
... the moment, a Parliamentary Joint Committee into financial advice, the Financial System Inquiry (FSI) and the Trowbridge report into risk advice are raising questions about the current model. "Although the industry is responding to these reviews with ...

FEATURE: Where next for risk advice?

ALEX BURKE  |  TUESDAY, 28 APR 2015
... Treasurer Josh Frydenberg says the clock is ticking for the industry to implement the recommendations in the Trowbridge report. Alex Burke investigates what that might mean for risk advice. "It is up to the industry now to restore public confidence before ...

AFA calls for adviser leadership

ALEX BURKE  |  FRIDAY, 24 APR 2015
... licensees should take leadership roles in "pre-empting" life insurance reforms. Signalling the controversial Trowbridge Report as being the catalyst for self-directed industry reform, Fox said: "I would not be surprised at all if we see announcements ...

Industry needs to act after Trowbridge report failure

ALEX BURKE  |  TUESDAY, 21 APR 2015
The Trowbridge report likely won't become the "blueprint" for the life industry, said former Financial Planning Association of Australia chair Matthew Rowe. In a newspaper column, Rowe explained that this was because of disagreements between key members ...
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