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| | | ... down from 66 last year. Rainmaker's AAA Quality Rating evaluates superannuation products on performance, costs, insurance, organisational strength, and additional services like financial planning. Equipsuper led with eight AAA-rated products each. ... |
| | | | ... review also found improvements to be made to stapling, stating that those moving to high-risk jobs could have their insurance compromised if their super is stapled to a provider that has inappropriate insurance coverage. |
| | | | ... disengagement. They also lack information on the difference between MySuper and choice products, the impact of switching on insurance coverage, and prospective mergers. |
| | | | ... related exposures exceed certain limits. APRA has noticed the increased use of offshore reinsurance by Australian life insurance companies and moved to tighten LPS 117 to ensure that risks associated are appropriately managed. "The updated LPS 117 addresses ... |
| | | | ... goals or advice needs. The layered advice strategy was a process by which clients were provided with superannuation and insurance advice separately, even though the insurance was held within the superannuation fund. ASIC suggested that by using the layered ... |
| | | | ... commitment to professional excellence and education to take the opportunity to make a lasting and positive difference to the insurance industry," ANZIIF concluded. |
| | | | Financial advice practices specialising in risk insurance are gaining higher price multiples on clients and are selling for up to $1.5 million as demand rises and supply drops. Radar Results' latest insights show price multiples on risk insurance ... |
| | | | ... five years and up to age 65, AustralianSuper said. The fund is also updating some of the terms and conditions of its insurance cover, namely to when cover stops and standard exclusions. Currently, cover automatically ceases when a person enters the defence ... |
| | | | The wealth manager has unveiled a variety of enhancements to its flagship life insurance product range, ClearView ClearChoice. Among the changes, ClearView is simplifying product names across the income protection (IP) range to increase clarity for ... |
| | | | A former AMP representative, who falsified information when providing superannuation and insurance advice, has pleaded guilty to three charges of dishonest conduct and is due to be sentenced. David Fong, who operated Fong Financial Planners, pleaded ... |
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