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Showing 191 - 200 of 260 results for "Quality of Advice"

Industry, government respond to Trowbridge report

ALEX BURKE  |  FRIDAY, 27 MAR 2015
... Josh Frydenberg commenting that the report "makes a significant and constructive contribution to improving the quality of advice and outcomes for consumers." He added that the government is giving "close consideration" to Trowbridge's recommendations ...

Reconsider life insurance commission ban: ISA

LAURA MILLAN  |  TUESDAY, 10 FEB 2015
... stakeholders and consumers submitted more than 130 documents to the inquiry, addressing four critical areas: the quality of advice, remuneration and other adviser incentives, insurer practices and product offerings and industry productivity. "The ultimate ...

FPA sets sights on lifting professional standards

MARK SMITH  |  FRIDAY, 16 JAN 2015
Education and professional standards must be raised if the quality of advice across the financial planning industry is to be consistent, according to Financial Planning Association (FPA) chief executive Mark Rantall. The industry body has labelled 2015 ...

Adviser remuneration "critical": Trowbridge Interim Report

ALICE URIBE  |  THURSDAY, 18 DEC 2014
The quality of advice and the remuneration of adviser incentives were raised as "critical" areas in the interim report of the Life Insurance and Advice Working Group (LIAWG) established by the Association of Financial Advisers (AFA) and the Financial ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
... chairman David Murray noted that such changes to the law "would reduce incentives for churning and improve the quality of advice on life insurance." It added that "this would provide a balanced and cost effective approach to better align the interests ...

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
... red tape and compliance driven processes that did not achieve the then Minister's stated aim of improving the quality of advice for consumers." During the morning session in the Senate, Finance Minister and Senator Mathias Cormann asked the opposition ...

TAL boosts profit in half-year result

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... challenges remain across the industry in terms of claims experience, regulatory change and an increasing focus on the quality of advice and product sustainability," TAL chief executive Jim Minto said. "TAL continues to enhance its claims management with ...

Life Insurance and Advice Working Group chair appointed

MARK SMITH  |  FRIDAY, 17 OCT 2014
... Financial Advisers (AFA) and the Financial Services Council (FSC). The working group will address issues such as the quality of advice, product design and remuneration structures which were raised in ASIC's Review of Retail Life Insurance and Advice ...

One third of risk advisers non-compliant, ASIC says

JAMES FERNYHOUGH  |  THURSDAY, 9 OCT 2014
Financial advisers specialising in life insurance must lift the quality of advice and ensure that the interests of their clients are given priority, the Australian Securities and Investments Commission (ASIC) has said. ASIC reviewed more than 200 advice ...

Young Australians want 'quick fix' tips from advisers

LAURA MILLAN  |  WEDNESDAY, 3 SEP 2014
... financial institutions are another win for consumers because they will ultimately result in better protection and quality of advice," Rantall said.