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Showing 631 - 640 of 994 results for "Premiums"

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
... Australians away from life insurance coverage due to the failure of addressing the real structural issues within the industry. Premiums are increasing, products remain complex and misunderstood, and Australians are still underinsured," Rantall said. ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
... divided over how to fund an insurance scheme to compensate clients who receive bad advice. A rise in professional indemnity premiums is only compounding the problem. Senators Nick Xenophon and Sam Dastyari proposed a statutory financial advice victim ...

Fee-only risk advice doable, research shows

LAURA MILLAN  |  FRIDAY, 1 MAY 2015
... research report' found that 11% of 275 advice practices have completely removed insurance commissions and are writing premiums with zero kick-backs. At the same time, only 13% of practices were charging no fees for insurance advice and were working under ...

FEATURE: Where next for risk advice?

ALEX BURKE  |  TUESDAY, 28 APR 2015
... policy recommendations are: that adviser remuneration be based on a system of level commissions (at a maximum of 20% of premiums) supplemented by an Initial Advice Payment (IAP) which can't be made again more than once every five years, and that there ...

Signs that churning is on the wane

ALEX BURKE  |  TUESDAY, 21 APR 2015
... consumers being "churned" into new policies. The report also states that there has been no recorded growth in new annual premiums during 2014. Overall sales have also decreased by 20% to $306 million in the same period. The research does note, however ...

Don't blame "churning" on advisers: Synchron

LAURA MILLAN  |  MONDAY, 20 APR 2015
... Australians. "Our proposed model will result in a longer responsibility periods and a reduced incentive to "churn" as level premiums will be difficult to replace," the report said. During the trip, Synchron learned that the common perception that commissions ...

Combined Insurance to work with ASIC on fraud leak

ALEX BURKE  |  WEDNESDAY, 15 APR 2015
... cases useless) insurance products to maximise commissions. She also said agents engaged in "tombstoning": paying initial premiums for fake or deceased clients to receive further commissions. Carey said that the company was "concerned to learn when any ...

Trowbridge releases final report

ALEX BURKE  |  THURSDAY, 26 MAR 2015
... policy recommendations are: that adviser remuneration be based on a system of level commissions (at a maximum of 20% of premiums) supplemented by an Initial Advice Payment (IAP) which can't be made again more than once every five years, and that there ...

ClearView surpasses 200 adviser milestone after merger

LAURA MILLAN  |  WEDNESDAY, 25 FEB 2015
... represents a 9% growth from the prior corresponding period. The company wrote $17 million of life insurance new business premiums in the half year, up 32% compared to the year before. Funds under management grew 9% and reached $1.77 billion during that ...

MLC fund is Roy Morgan retail super fund of the year

ALEX BURKE  |  THURSDAY, 19 FEB 2015
... fund has rewarded members with above median performance across 1, 3, 5 and 7 year periods. Our customers also pay lower premiums for insurances held within Plum super while receiving clearer and simpler to understand benefits."