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Showing 11 - 20 of 73 results for "Life Insurance Advice"

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
The Australian Securities and Investments Commission is conducting a review of life insurance advice and plans to consult with the industry on scaled advice this year. Speaking at the Association of Financial Advisers Conference, ASIC senior executive ...

ASIC bans RC case study adviser

HARRISON WORLEY  |  TUESDAY, 12 MAY 2020
... regulator said Davies failed to look into his clients' financial objectives and personal needs when providing life insurance advice. He also failed to consider whether switching a product was in the best interest of his clients, and whether they could ...

Major regulatory efforts delayed

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
... regulator confirmed on Tuesday that it would delay its work on grandfathered conflicted remuneration and life insurance advice, alongside its introduction of three temporary measures to assist the superannuation industry with providing affordable and ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... COVID-19 crisis. It has also confirmed it is delaying its work on grandfathered conflicted remuneration and life insurance advice. To assist the provision of advice around the government's early access to super scheme, ASIC has allowed advice providers ...

Support staff should meet FASEA standards

ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... in advice should read the 100 pages of the Royal Commission report that apply to advice. When it comes to life insurance advice, Ashenden explained Commissioner Kenneth Hayne's recommendation that ASIC is due to review life insurance advice in 2021 and ...

Licensee faces hefty remediation bill

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
... bill for $730,000. ClearView's review and remediation program for over 200 clients who received poor life insurance advice resulted in the figure. ASIC said ClearView's compliance review saw ClearView look at 4,269 advice files from 279 ClearView ...

Suncorp pays $1.4m remediation bill

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
... corporate regulator imposed additional licence conditions on the Guardian Advice AFSL in 2015 after it found the life insurance advice being provided to retail clients was defective. ASIC was concerned Guardian Advice had failed to comply with its general ...

What is holding Aussie robo advisers back?

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... Dunnin said. Rainmaker research also found that most robo advisers in Australia were not set up to offer life insurance advice or to be used by self-managed super funds. "These portfolios are assembled under managed discretionary account authorisations ...

FPA, AFA partner on life insurance

KANIKA SOOD  |  FRIDAY, 14 JUN 2019
... advice, the role of advisers and how life insurance commissions offer consumers an affordable way to access life insurance advice. "We believe it is very important to have a united and consistent message from the advice community about the future of ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... the average person and shut down hundreds of advice businesses. It wants financial advice, together with life insurance advice fees, to be tax deductible. Currently, investment advice fees are tax deductible against income-producing assets. This tax ...