Asteron ends business relations with 134 rogue advisersBY LAURA MILLAN | FRIDAY, 31 OCT 2014 12:20PMAsteron Life has stopped distributing its products among 134 rogue advisers last year, executive general manager Jordan Hawke confirmed. Related News |
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
Well done Asteron for having the courage to take this action against these rogue advisers, too bad the CBA does not do the same. And where is ASIC on this, if Asteron can identify the rogue advisers why can't ASIC?
Well done Jordy but let me be cynical . Were these advisers who churned business out of Asteron or churned business into Asteron? My experience says they are rogues when they rip business away from you and stars when they churn it into you life company. How is the industry dealing with this conundrum?
Is it fair to only level the term "rogue" towards some advisers in this conversation identified by an insurer?
It can also apply to the rogue behaviour of some insurers, some dealers and even some of the regulators.