Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 92 results for "Life Insurance Framework"

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... part of grandfathering arrangements for fear of underinsurance risks, he said, adding the legislated Life Insurance Framework sufficiently covers this area.

AFA responds to 'disappointing' PJC life insurance report

KARREN VERGARA  |  WEDNESDAY, 11 APR 2018
... "merely rehashes" previous reports and research into the segment comprehensively addressed by FoFA, the Life Insurance Framework and more recently professional standards legislation, the AFA said. The PJC has fundamentally failed to compare the cost ...

TAL named top life insurer for 2017

DARREN SNYDER  |  FRIDAY, 16 MAR 2018
... beginning to adjust their support for the different companies, during the implementation stages of the Life Insurance Framework," he said. Other winners on the night included: Term Life/TPD Product of the Year - Zurich (Death Cover) Risk Production Innovation ...

LIF reforms to drive specialised advice industry

ALEX BURKE  |  WEDNESDAY, 14 FEB 2018
The advice industry post-Life Insurance Framework reforms is "bright and full of potiential" for those businesses that adopt a more specialised approach, according to Bombora Advice managing director Wayne Handley. Handley said the LIF reforms are compelling ...

ClearView issues refunds over life sales misconduct

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2018
... remuneration structures, including supplementing reduced year one life insurance commission payments under the Life Insurance Framework. It also enables the exchanging of renewal commission and premium discounts for an upfront fee, and charging an advice ...

Life insurance inflows stable: Research

KARREN VERGARA  |  MONDAY, 8 JAN 2018
... segment were TAL and AIA Australia, which experienced 13.2% and 10.1% year-on-year growth respectively. The Life Insurance Framework (LIF), which rolled out on 1 January 2018 will be the strongest test of fee-for-service risk advice, a model seen as ...

Fee-for-service faces ultimate risk test

DARREN SNYDER  |  TUESDAY, 19 DEC 2017
Rollout of the Life Insurance Framework (LIF) on 1 January 2018 will be the strongest test of fee-for-service risk advice, a model seen as imperative to the financial advice industry's future. Industry experts say the critical component to make fee-for-service ...

ASIC widens conflicted adviser remuneration rules

ALEX BURKE  |  THURSDAY, 7 DEC 2017
... financial advice both in light of recent reforms and to address specific concerns. Issued ahead of the life insurance framework deadline on January 1, Regulatory Guide 246 (RG 246) takes into account the additional provisions introduced in the Corporations ...

Fox joins Tribeca Financial board

KARREN VERGARA  |  WEDNESDAY, 6 DEC 2017
... traverse through a tumultuous period of reforms, including FoFA, MySuper, professional standards and the Life Insurance Framework. Fox is also part of ASIC's 18-member Financial Services and Credit Panel (FSCP); a team of industry professionals the regulator ...

Advisers ambivalent on LIF deadline: Poll

KARREN VERGARA  |  MONDAY, 20 NOV 2017
... With less than six weeks to go, financial advisers are still unclear about their obligations under the Life Insurance Framework reforms, Financial Standard's weekly spot poll shows. More than 40% of advisers who took part in the survey are unsure about ...