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Showing 81 - 90 of 95 results for %22Life Insurance Code of Practice%22

Life Insurer Code of Practice falls short: AFA

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
... The AFA said the commitments to consumers are "insufficient" to foster cultural change and that the role of the life insurance financial advice profession has been ignored. "Restricting the code to setting out best practice standards for insurers in ...

Mark Dunsford attacks FSC over life reforms

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2016
... market and provide an appropriate transition over two years." The FSC has also recently released its draft Life Insurance Code of Practice for public consultation. The code considers all life insurance services and policy types, including TPD, trauma ...

ASIC needs to focus on prevention, not cure

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... distribution and saddling them with highly restrictive APLs." Swanson expressed his support for the FSC's life insurance code of conduct, because it was putting an emphasis on internal accountability. "We have to admit that as an industry, we only change ...

FSC defends industry self-regulation

ALEX BURKE  |  WEDNESDAY, 9 MAR 2016
The FSC has said a life insurance code of conduct is "well underway" following the news that the issue will now be raised in the Senate's Scrutiny of Financial Advice inquiry. On March 8, Senator John Williams amended the inquiry to include a scrutiny ...

Senate to investigate life industry

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
... Australia's financial advice industry has again deepened its investigations by adopting calls to examine the country's life insurance sector. With support from all sides of politics, Senator John Williams has amended the Scrutiny of Financial Advice ...

Choice of super fund won't always work: REST

DARREN SNYDER  |  FRIDAY, 8 JAN 2016
... Council (FSC), which mainly represents Australia's retail and wholesale funds management businesses, superannuation funds, life insurers, and financial advisory networks, supports more super fund choice. It said institutional links between super funds ...

FoFA end marks start of new advice era

LAURA MILLAN  |  MONDAY, 30 NOV 2015
... legislation was a missed opportunity to further improve consumer protections like banning the rorting of commissions on life insurance products." O'Dwyer made clear that this unexpected move by the Government is the final step in a long process of regulatory ...

FPA helps advisers with life insurance

DARREN SNYDER  |  WEDNESDAY, 14 OCT 2015
... Australia (FPA) has launched a guide helping its members identify and address common omissions and errors in providing life insurance advice. The FPA's comprehensive Life Insurance Advice guide had input from members and was developed to provide "practical ...

Industry moves away from upfront commissions

LAURA MILLAN  |  THURSDAY, 25 JUN 2015
... fee-for-service basis. As part of the industry-wide effort to improve the quality of risk advice, the FSC will develop a life insurance code of conduct by July 1, 2016. The code will be similar to the existing codes for banking and general insurance ...

CCMC chief executive appointed as lead ombudsman

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... ombudsman for investments and advice. She will be dealing with disputes involving investments, financial advice, life insurance and superannuation. In a statement the FOS said Smith brings a wealth of experience in the financial planning sector as well ...