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Showing 61 - 70 of 73 results for "Life Insurance Advice"

ASIC imposes conditions on Guardian Advice

STAFF WRITER  |  WEDNESDAY, 7 JAN 2015
... uncovered deficiencies in the advice it provided to retail clients. ASIC said the company, which specialises in life insurance advice, was not complying with its general obligations as an AFS licensee, including failing to properly supervise its authorised ...

Adviser remuneration "critical": Trowbridge Interim Report

ALICE URIBE  |  THURSDAY, 18 DEC 2014
... and industry productivity as other key areas for investigation. "The industry is committed to improving life insurance advice quality, remuneration practices and industry efficiency and should be commended for this initiative," Trowbridge said. "The ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such ...

AFA questions ASIC life report

LAURA MILLAN  |  TUESDAY, 14 OCT 2014
... raised concerns over the methodology of Australian Securities and Investments Commission's (ASIC) report on life insurance advice that was released last week. He told the media that there were questions over the methology of the report and also the sample ...

One third of risk advisers non-compliant, ASIC says

JAMES FERNYHOUGH  |  THURSDAY, 9 OCT 2014
... products and the advice meet the consumer's requirements. "There is both a need and a demand for quality life insurance advice, and our report provides examples of advisers delivering a service that meets the needs of their clients. However, this result ...

Risk adviser sentiment up in 2013

LAURA MILLAN  |  THURSDAY, 12 DEC 2013
... more optimistic about their current and immediate future sales volumes, and overall consumer demand for life insurance advice. However, 49.5% had a negative sentiment about the current regulatory environment and only 26.5% felt positive about this aspect ...

Affinia appoints new national manager

STAFF WRITER  |  MONDAY, 20 MAY 2013
... choice for specialist risk professionals in Australia. Sitparan Gnanendran has been appointed the specialist life insurance advice dealer group's new national manager, advice. As national manager, advice, Gnanendran will be oversee technical risk for ...

FOFA Tranche 2 reforms tabled in Parliament today

ELISE BURGESS  |  THURSDAY, 24 NOV 2011
... findings of ASIC shadow shopping surveys that illustrate that in case of poor advice, over half involved poor life insurance advice. The Best Interest Duty proposal would require advisers to act in the best interests of clients and give priority to the ...

Dealer groups miss commissions

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... of ASIC shadow shopping surveys... illustrate that in (the) case of poor advice, over half involved poor life insurance advice," it said in the Future of Financial Advice reform information pack. Media reports in the past week have highlighted cases ...

Proposed reforms could hurt insurance levels: AFA

ALISON BEVEGE  |  TUESDAY, 22 FEB 2011
... executive, AFA, said research had shown that if adviser commissions were banned, consumers would not seek life insurance advice. "Without advice, Australians are often significantly underinsured or more commonly... not insured at all," he said in a statement. ...