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Showing 21 - 30 of 95 results for "Life Insurance Framework"

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
Risk advisers will need to reduce their expenses by up to 25% to remain profitable as further Life Insurance Framework changes come into effect on January 1. New research commissioned by MLC Life shows commission-only financial advisers - particularly ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... industry," she said. "Subdued growth rates reflect the impact of lower initial commissions due to the Life Insurance Framework that came into full effect in 2018, as well as a retreat from direct distribution models following the exposure of problems ...

Adviser association rebrands, grows membership

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... understanding of day to day activities of independent financial advisers." The LICG was formed on the back of the Life Insurance Framework and Future of Financial Advice reforms. At one point, it had over 3000 registered members and 6000 advisers on ...

Advice associations meet new minister

HARRISON WORLEY  |  THURSDAY, 20 JUN 2019
... for members." Recently the two associations have also partnered on a life insurance taskforce as ASIC's Life Insurance Framework review approaches.

FPA, AFA partner on life insurance

KANIKA SOOD  |  FRIDAY, 14 JUN 2019
... have teamed up for a life insurance taskforce as the industry inches towards ASIC's review of the life insurance framework slated for 2021. The Financial Planning Association of Australia and the Association of Financial Advisers will appoint two ...

Risk commission changes imperil advice practices

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2019
As financial advisers adjust their business models to the Life Insurance Framework, many fear the Royal Commission's recommendations will further undermine the viability of their practices. This is according to ClearView's latest survey of 630 financial ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... early," ClearView wrote in an email to advisers, to consider tinkering with commission caps again given the Life Insurance Framework (LIF) reforms are partly implemented and will not be fully implemented until 2021. ClearView believes the LIF - once ...

Risk advice a hard sell: Research

KARREN VERGARA  |  THURSDAY, 7 MAR 2019
... that any consideration of life insurance advice is undertaken in 2021 as part of the ASIC review of the Life Insurance Framework reforms, Bailey said collaboration between regulators, policymakers, financial advisers and insurers is essential to ensure ...

ClearView posts first half profit dip

KANIKA SOOD  |  WEDNESDAY, 27 FEB 2019
ClearView posted a 13% dip in its underlying NPAT in the first half as it repositions pricing of its life insurance and wealth management products. The ASX-listed diversified financials has three main businesses: life insurance, wealth management and ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... its current 20-60% commission caps on sale of life risk insurance products to zero when it reviews the Life Insurance Framework in 2021, unless "there is a clear justification to keep them". Trapnell says Synchron will approach the Government to make ...