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Showing 61 - 70 of 146 results for "Underinsurance"

Advisers and super key to underinsurance: AFA

ELISE BURGESS  |  FRIDAY, 10 JUN 2011
... commissions inside super will negatively impact consumers but the super and advice industries can work together against underinsurance. In the third tranche of research from the Association of Financial Advisers (AFA), 'Risking Everything', conducted ...

Dealer groups miss commissions

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... can earn commissions for selling the products. The groups said banning the commissions would increase Australia's underinsurance problem, with financial advisers reluctant to sell a product they earn no money from. Steve Tucker, group executive of MLC ...

New super products and mergers may result - insurers

ELISE BURGESS  |  THURSDAY, 28 APR 2011
... Government's decision to ban commissions on risk insurance inside superannuation and believe this is likely to exacerbate underinsurance in Australia,' said Tim Browne, CommInsure's general manager, Retail Advice. According to Weatherhead, direct insurance ...

Less conflict, more interest: FOFA

MICHELLE BALTAZAR  |  THURSDAY, 28 APR 2011
... strongly convinced that within superannuation, presence of fees and commissions had nothing to do in solving the underinsurance problem and is, instead, a drag on people's account balances." As for insurance outside super, Minister Shorten said there ...

Funds to talk insurance

ALISON BEVEGE  |  FRIDAY, 8 APR 2011
Superannuation funds could help solve Australia's underinsurance problem if they communicated more with members, AIA Australia's chief executive told the 2011 Life Insurance Conference in Sydney this week. Damien Green, head of the Australian arm of ...

Adviser remuneration debate sparks fly

ELISE BURGESS  |  MONDAY, 28 MAR 2011
... in print and on TV. It's hard to see how this use of money 'profits members'," said Fox. Fox said the issue of underinsurance and retirement savings was the real issue that needed to be addressed. The latest stoush over disclosure and relative performance ...

TOWER, CommInsure tie as top insurers

ELISE BURGESS  |  THURSDAY, 24 FEB 2011
... awards. "I think it is refreshing to see the public policy debates acknowledge the importance of not only our chronic underinsurance in a life risk sense but also in a longevity sense," said Richard Willis, chief risk officer, Challenger Onepath placed ...

Proposed reforms could hurt insurance levels: AFA

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
... death or disaster and to resist tinkering with a remuneration system which is not broken," Klipin said. He said underinsurance levels were now chronic, citing a Lifewise/NATSEM report released last February that indicated the problem could cost the government ...

Commission ban to widen underinsurance gap: survey

MICHELLE BALTAZAR  |  FRIDAY, 11 FEB 2011
Six in ten Australians are less likely to seek risk advice if they have to pay fees upfront rather than through commission paid to their financial adviser, a consumer survey found. The survey differs from previous surveys done on the commission versus ...

Advisers must unite against AusFin

MEDIA RELEASE  |  WEDNESDAY, 15 DEC 2010
... critical issues they currently face, including savings and retirement savings inadequacy and chronic levels of underinsurance," AFA chief executive officer, Richard Klipin, said. Klipin said the advice profession has experienced volumes of negative media ...