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Showing 2671 - 2680 of 7047 results for "Insurance"

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... advice, and also whether statutory carve-outs to the ban on remuneration - including the recent carve-out in relation to insurance commissions - should be maintained. The FPA has already responded in part, saying in a communication to members that it ...

Royal Commission to drive independent advice market: GlobalData

KANIKA SOOD  |  MONDAY, 30 APR 2018
... towards fragmentation and divestment," Hoevel said. Australia's wealth giants advise on products like superannuation and insurance, that they also sell themselves. "Transitioning away from the vertically integrated model into a conflict-free model seems ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... husband and wife couple to rollover their superannuation balances to AMP's myNorth accounts, cancelled the husband's life insurance policy, leaving him uninsured for three months, and finally charged him an exit fees of $16,000. He failed to meet the ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... membership after its investigation found he engaged in misleading, deceptive, dishonest and fraudulent conduct to obtain life insurance for a client. He also breached clients' privacy on numerous instances. The AFA found out about Tindall's ban ...

ClearView terminates agreement after takeover bid expires

ALEX BURKE  |  THURSDAY, 26 APR 2018
... advice," ClearView said in 2016. "From its inception in 1979, Sony Life has continually believed in the value of life insurance to provide financial security and stability for customers by offering optimum life insurance through high quality service ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... their 2018 half-year reporting period in early May. ANZ will incur a loss of $632 million from the sale of its life insurance, and pensions and investments businesses. About $277 million is attributed to an assets and liabilities fair value loss (of ...

AMP kept unsuspecting clients in the dark: RC

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... advice compliance Sarah Britt fronted the Commission on Monday afternoon. The couple sought superannuation and life insurance advice from Mr E in November 2016, an authorised representative of AMP Financial Planning, Britt told Senior Counsel Assisting ...

Industry fund begins lifecycle pension strategy

HARRISON WORLEY  |  TUESDAY, 24 APR 2018
... Transition to Retirement Pension. The new option follows the decision by the real estate industry fund to adopt the Insurance in Superannuation Voluntary Code of Practice.

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
... on total or new revenue brought in, she said. Orr asked what prompted such changes. Other than the January 2018 life insurance reforms, Rixon said: "I don't know; I don't understand them all." Rixon also said that a leader board, which ranks advisers ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... several times during his eight years at St George Financial Planning. Dover currently employs the adviser. Wright thinks insurance should still be excluded from potential grandfathering rule changes. sufficiently covers this area, he said. Earlier in ...