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Showing 51 - 60 of 73 results for "Life Insurance Advice"

AFA, FPA yet to commit to FSC life risk agenda

ALEX BURKE  |  TUESDAY, 16 JUN 2015
... above, it should be noted, were addressed in the Life Insurance and Advice Working Group's Report on Retail Life Insurance Advice, released on March 26. In response to the looming Government decision, the AFA, FPA and Financial Services Council were ...

ISA and AIST want changes to professionalism model

DARREN SNYDER  |  WEDNESDAY, 13 MAY 2015
... continues to be widespread as a result of extensive grandfathering as well as generous exemptions to the life insurance advice industry. If the government is serious about ensuring that consumers can access professional and unconflicted financial advice ...

FEATURE: Where next for risk advice?

ALEX BURKE  |  TUESDAY, 28 APR 2015
... the Financial Services Council and the Association of Financial Advisers, the Trowbridge Review on Retail Life Insurance Advice was designed as an independent review following the Australian Securities and Investments Commission's Review of retail life ...

Trowbridge proposals will hit consumers hardest

ALEX BURKE  |  MONDAY, 20 APR 2015
... consumers." He noted that the hybrid remuneration model proposed in ASIC's October 2014 Review of retail life insurance advice resulted in a 93% compliance pass-rate - indicating that it should be adopted as the standard. He argued that the FSI's "job" ...

ClearView predicts end of independent financial advice

ALEX BURKE  |  WEDNESDAY, 1 APR 2015
... foster competition and take into account the real and tangible upfront costs associated with delivering life insurance advice, the validity of appropriate replacement business, the need to adequately support new client acquisition and the entry of new ...

Industry, government respond to Trowbridge report

ALEX BURKE  |  FRIDAY, 27 MAR 2015
... government and industry bodies have responded to the recommendations in John Trowbridge's Review of Retail Life Insurance Advice. The Treasury was broadly supportive, with Assistant Treasurer Josh Frydenberg commenting that the report "makes a significant ...

AFA can't give Trowbridge report "complete support"

ALEX BURKE  |  FRIDAY, 27 MAR 2015
... fee for service, particularly for comprehensive financial advice, we believe Australians will pay more for life insurance advice if these recommendations are implemented," Fox said in the AFA's statement. "This is because advisers will need to charge ...

Trowbridge releases final report

ALEX BURKE  |  THURSDAY, 26 MAR 2015
The final version of the Trowbridge Review on Retail Life Insurance Advice has been released. Initiated by the Financial Services Council (FSC) and the Association of Financial Advisers (AFA), it was designed as an independent review following the Australian ...

Affinia develops life insurance advice tool

ALEX BURKE  |  THURSDAY, 19 MAR 2015
... unveiled The Strategic Advice Cashflow Tool, software designed for delivering "best interest"-compliant life insurance advice. Affinia's tool comprises a "needs analysis and cashflow calculator" and forms a part of the group's risk management solution. ...

Life insurance commissions must remain an option: AFA

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
... the AFA and the Financial Services Council (FSC), has set the discussion up over adviser remuneration in life insurance advice. Following criticism by Industry Super Australia (ISA) over the fact that the working group's interim report did not contemplate ...