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Showing 31 - 40 of 73 results for "Life Insurance Advice"

AMP launches LIF-ready resource

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2017
... certainty in the methodology of how it will be conducted. This should include a random and targeted sample of life insurance advice, in addition to an improved analysis on the causes of poor advice, "so that we can be more confident in terms of the real ...

ASIC consults on new statement of advice

EMMA RAPAPORT  |  WEDNESDAY, 31 MAY 2017
... developments in the retail life insurance sector which have highlighted the need for better SOAs. As part of the life insurance advice reform package announced in November 2015 by Minister for Revenue and Financial Services Kelly O'Dwyer, ASIC was tasked ...

FSC launches draft APL standard for risk advice

ALEX BURKE  |  THURSDAY, 13 APR 2017
... APL standard is to increase competition among life insurers and reduce potential conflicts of interest in life insurance advice. The standard explains further: "Although life AFSL members may have their own internal research and life insurance APL processes ...

AIA launches digital life insurance advice tool

EMMA RAPAPORT  |  FRIDAY, 17 MAR 2017
Life insurer AIA is partnering with digital financial advice provider SuperEd to develop an online tool for superannuation fund members. The online tool, which will be integrated into AIA's LIFEapp, will provide members with education and assistance ...

ASIC bans life insurance adviser

ALEX BURKE  |  FRIDAY, 9 DEC 2016
... maintained nor understood the "duties and obligations imposed on" and "high standards expected of" a provider of life insurance advice. Mohammed was said to have failed to make reasonable inquiries into clients' financial objectives and conduct investigations ...

Life insurance commissions bill passes lower house

ALEX BURKE  |  WEDNESDAY, 30 NOV 2016
... Kelly O'Dwyer said: "High upfront commissions have been identified as a significant cause of poor quality life insurance advice. The measures in the Bill will reduce these high upfront commissions and better align the interests of financial advisors ...

Zurich reveals risk distribution team

JAMIE WILLIAMSON  |  WEDNESDAY, 28 SEP 2016
... proposition to market, according to Zurich life and investments head of distribution Kristine Brooks. "The life insurance advice landscape is evolving rapidly, and advisers are looking for help in re-shaping their businesses to adapt to change and to ...

LICG will fight on after failing to trigger AFA constitution talks

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... represent the required 5% of the AFA's voting membership. But, in reviewing the 230 forms submitted by the life insurance advice lobby group, the AFA found almost half could not be considered. In meeting the statutes of the Corporations Act, 50 of the ...

Advisers can seek AMP for insurance support

DARREN SNYDER  |  TUESDAY, 9 AUG 2016
... financial advisers can now tap in to a "one-stop" website offering tools and support for all aspects of life insurance advice. AMP head of retail insurance, Greg Johnson, said for the past few years the firm has introduced a new approach to assessing ...

Zurich establishes risk specialist team

KERRIE SYDEE  |  MONDAY, 8 AUG 2016
... to develop bespoke content and support licensees and advisers with relevant consulting services. "As the life insurance advice landscape continues to evolve, so too are the content needs of licensees," said Brooks. "We are seeing an increased demand ...