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Showing 1 - 10 of 92 results for "Life Insurance Framework"

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... registration, administration of the adviser exam, the Financial Services and Credit Panel, and the review of the Life Insurance Framework. The release of the indicative cost recovery follows minister for financial services Stephen Jones confirming the ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... has a formal role in the review in respect of its life insurance work. "Specifically, our work on the Life Insurance Framework (LIF) review has been incorporated into the quality of advice review. We passed on our LIF review results and data to the independent ...

What the QAR should focus on: MLC Life

CASSANDRA BALDINI  |  TUESDAY, 9 AUG 2022
... having access to much-needed financial advice during key life moments. This includes maintaining the Life Insurance Framework," it said. Scaled advice tailored to specific customer needs is also required, it said. "For life insurance, this could be as ...

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... a review of key terms of advice (personal advice and general advice). Moreover, the retention of the Life Insurance Framework, retention of the Australian Financial Services Licence and support for principles-based regulation were also other areas of ...

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
... arguing increased costs brought on by the Future of Financial Advice (FoFA) and the federal government's Life Insurance Framework has impacted both consumers and advisers. According to the submission, KPMG assessed the cost of the advice process at $5334. ...

No more changes to risk commissions: ClearView

JAMIE WILLIAMSON  |  TUESDAY, 7 JUN 2022
... surveyed members as part of its Quality of Advice Review submission, ultimately determining that the Life Insurance Framework has had no impact on the quality of advice provided; just 5% of advisers believe it has. However, it has impacted its viability ...

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
... Trapnell said these proposals make sense but called into question the trustworthiness of the FSC after the Life Insurance Framework (LIF), which the FSC played a key part in. "However, and this is perhaps more of a problem than the FSC is willing to ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... as the Life Insurance Customer Group, the group aimed to give life insurance advisers "a voice in the Life Insurance Framework debate". As part of its efforts, the LICG took particular aim at the AFA over its negotiations with government, saying it failed ...

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... together and provide a solution by the end of the year - or else face another scenario similar to the Life Insurance Framework. "The Life Insurance Framework came about because the industry could not commit to unified action when we were being told by ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... products, acknowledging that financial advisers' bottom line has struggled since the introduction of the Life Insurance Framework reforms. While the government's priority is to align financial advisers' professionalism and remuneration structures ...
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