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Showing 1 - 10 of 84 results for "Life Insurance Framework"

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... together and provide a solution by the end of the year - or else face another scenario similar to the Life Insurance Framework. "The Life Insurance Framework came about because the industry could not commit to unified action when we were being told by ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... products, acknowledging that financial advisers' bottom line has struggled since the introduction of the Life Insurance Framework reforms. While the government's priority is to align financial advisers' professionalism and remuneration structures ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
The federal government will fold the 2022 Life Insurance Framework Review into the Quality of Advice Review, taking over the responsibilities from ASIC. The Quality of Advice Review will consider the LIF Review as part of its wider mandate, Minister ...

Advice association chief steps down

JAMIE WILLIAMSON  |  THURSDAY, 25 MAR 2021
... government and the opposition as they prepare to consider the future of life insurance commissions under the Life Insurance Framework review," Nowak said.

MetLife appoints former Premier

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... research and data." The news comes as the insurance industry deals with the review into the progress of the Life Insurance Framework.

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... more Australians being underinsured. This includes the Insurance in Super Voluntary Code of Practice, Life Insurance Framework reforms, Protecting Your Super (PYS)/ Putting Members' Interests First (PMIF) legislation and COVID-19, according to the ...

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
... there's so many parties involved." However, Kewin did admit there were some positives to come out of the Life Insurance Framework (LIF) reforms. "If you look at the key measures [of LIF] that were originally set out - lower lapse rates, reduced premiums ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... this would have the greatest impact on consumers' awareness of the benefits of life insurance. As the Life Insurance Framework Review approaches in 2021, McCormack said he hopes to see remuneration reconsidered so that "we don't see good life risk advice ...

Life commissions, referral fees still kosher: AFA

ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
... Anderson dove into commissions and fees in a detailed presentation in light of the FASEA Code of Ethics, Life Insurance Framework and other regulatory changes. Anderson pointed out CountPlus chief executive Matthew Rowe's recently commented on FASEA ...

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
Risk advisers will need to reduce their expenses by up to 25% to remain profitable as further Life Insurance Framework changes come into effect on January 1. New research commissioned by MLC Life shows commission-only financial advisers - particularly ...
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