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| | | ... the 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 ... |
| | | | ... than operate a fully-outsourced CV-issued platform. As part of the deal, ClearView's primary superannuation life insurance portfolio will be transferred to the HUB24 Super Fund, though the portfolio will continue to be administered by ClearView. ... |
| | | | ... a planner, such as through government fees and charges, cost-recovery levies and increases to professional indemnity insurance premiums, and the impact they have on the affordability of advice. |
| | | | ... option because it is the right one for them and they have the same need for financial advice on their superannuation, insurance needs and retirement planning," De Gori said. "Stopping the payment of advice fees from MySuper investment options will disadvantage ... |
| | | | ... product," it said. "Regulatory changes will continue to encourage consumers to do their own research and deal with Life Insurance companies directly." Of those surveyed, only 18% were confident the issues identified by the Royal Commission would be fixed ... |
| | | | ... professional financial advice may be able to assist with include accessing Centrelink payments and other benefits, making insurance claims, accessing superannuation, debt management, replacing lost income and helping people to rebuild and plan for the ... |
| | | | ... pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn. In a case brought in June 2018, ASIC alleged that a number of AMP Financial Planning advisers engaged in 'rewriting ... |
| | | | ... with many heading for the exit. We've seen the banning of grandfathered commissions and continued reduction in life insurance commissions. We've seen major increases to compliance requirements imposed upon practices, making it more difficult ... |
| | | | ... services industry and were the architects of the damage uncovered by Hayne - they are now unwinding their wealth and insurance divisions at great cost to their shareholders, industry and the tax payer," Daniels said. He added that the greatest cost will ... |
| | | | ... Financial Services said $4.50 for every $100 of revenue is currently going towards compliance, including personal indemnity insurance, memberships to industry bodies, audits and training. "The biggest component of that is likely the PI [personal indemnity] ... |
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