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Showing 71 - 80 of 206 results for "Indemnity"

MLC waives licensee fees, delays dealer group transitions

JAMIE WILLIAMSON  |  WEDNESDAY, 1 APR 2020
... from today to June 30. Advisers will then pay just 50% of their usual fees from July 1 to September 30. Professional indemnity fees will continue to be charged. "Our responsibilities are vastly different to recent memory or what we thought 2020 would ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... practice as 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.

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... increasing benefit periods to age 60, 65 and 70 by 35%. Additionally, the insurer has introduced a new option dubbed Indemnity 60 which it positioning as potentially a suitable lower cost option for some clients. "This option provides a maximum 60% income ...

Count Financial treads new path

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2020
... CountPlus said, Count Financial has charged relatively low fees to member firms, subsidising software costs and professional indemnity insurance. With Count Financial failing to turn a profit in recent years, CountPlus has removed some of these subsidies ...

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
... objectives of accountability and responsibility and would not address issues such as capital adequacy and robust professional indemnity insurance for advice firms," it said. This FSC also recommended that the CSLR scheme be "mid-coverage" and "targeted" ...

Concerns over cancelled ASFL complaints

ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
... that it did not adequately address systemic issues identified by AFCA, and that certain exclusions in its professional indemnity insurance cover did not meet minimum adequacy requirements. ASIC determined that KP International had failed to do all things ...

Former NAB, Infocus advisers banned

ALLY SELBY  |  MONDAY, 2 DEC 2019
... the Queensland Criminal Code. ASIC said that by "failing to disclose this information to Infocus and the professional indemnity insurer, Ms Williams prevented her licensee from making a fully informed decision about her suitability as an authorised representative." ...

How much a self-licensee spends on compliance

KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... Personal 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 ...

Count Financial bolsters team as part of transition

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... acquired by a wholly-owned subsidiary of the Count Member Firm Trust. The $2.5 million sale included a $200 million CBA indemnity agreement against certain past regulatory and advice failure liabilities. At the time of the acquisition, CountPlus chief ...

Bennelong boutique scores first insto mandate

KANIKA SOOD  |  THURSDAY, 26 SEP 2019
... adopters of high quality managers such as Quay." Avant Mutual provides insurance to medical professionals, including indemnity insurance, and life insurance products that are issued through NobleOak. Quay was founded in 2013 by Justin Blaess, who left ...