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Showing 81 - 90 of 121 results for "risk advice"

Reconsider life insurance commission ban: ISA

LAURA MILLAN  |  TUESDAY, 10 FEB 2015
... status quo must change and the Life Insurance and Advice Working Group should reconsider banning commissions from risk advice, Industry Superannuation Australia (ISA) said in its submission to the inquiry. ISA noted that the working group, set up by ...

Separate risk advisers from other planners: Synchron

LAURA MILLAN  |  THURSDAY, 29 JAN 2015
... (AFSL) to deal in investment or financial planning advice and a different life insurance broker licence to deal in risk advice. "One licensee could hold both licences and their authorised representatives could be authorised in both areas, or they could ...

Labor considers ban on insurance commissions

LAURA MILLAN  |  TUESDAY, 14 OCT 2014
... ban on life insurance adviser commissions into its policy platform in response to last week's damning report on life risk advice from the Australian Securities and Investments Commission (ASIC). Speaking at the AFA National Adviser Conference in Cairns ...

BT launches 'ground-breaking' advice register

JAMES FERNYHOUGH  |  TUESDAY, 14 OCT 2014
... commission-based remuneration model. While BT was involved in the ASIC investigation which found more than a third of risk advice was non-compliant, Spiers said BT's advice was all in order. "All our controls and internal assessment of our advisers doesn't ...

Upfront commissions linked to bad advice

JAMES FERNYHOUGH  |  FRIDAY, 10 OCT 2014
... provide non-compliant advice, according to the Australian Securities and Investments Commission (ASIC). While 80% of the risk advice examined in the study was paid for via upfront commissions, 96% of non-compliant advice came from advisers who received ...

Reinsurance specialist boosts Australian team

LAURA MILLAN  |  MONDAY, 21 OCT 2013
... risk and reinsurance specialist Guy Carpenter has expanded its Australian operations team with six new hires and new risk advice solutions. The new appointments will be based in Sydney and will allow the firm to expand its offering from a traditional ...

ASIC has risk advice in its sights

MARK SMITH  |  TUESDAY, 15 OCT 2013
Australian Securities and Investments Commission (ASIC) deputy chairman Peter Kell has the retail insurance sectors in his sights, announcing that the regulator will conduct major surveillance of the sector. Kell said ASIC is in the process of gathering ...

Advice firms start to launch in post-FoFA regime

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... on day one. Founder of financial planning firm Apogee, Wayne Handley, is about to launch Bombora Advice, a boutique risk advice business that will operate under its own Australian financial services licence (AFSL). "It is a far more rigorous process ...

Online risk applications surpass paper-based: Asteron Life

LAURA MILLAN  |  MONDAY, 25 FEB 2013
... paper-based requests, prompting the insurer to redouble its efforts on addressing the technology aspect of providing risk advice. Asteron's data also found one in two electronic applications are completed within five days, compared to one in three for ...

Australia CEO axed in Russell restructure

BEN COLLINS  |  FRIDAY, 1 FEB 2013
... Jerome Lander also recently left the company, along with head of alternatives Nicole Connolly, Sydney-based director of risk advice Thomas Gillespie and institutional sales executive Mark Plimley. A Russell Investments spokesperson denied any of these ...