The latest issue of Financial Standard now available as an e-newspaper
|A relatively new advice association has picked up members at a rapid pace as it takes up the fight to retain life insurance commissions.|
|A new paper on the consumer impact of Approved Product Lists (APLs) claims institutionally-aligned Australian Financial Services Licensees (AFSLs) are funneling new clients into in-house products, potentially in breach of Best Interest Duty obligations.|
|Two industry groups have partnered to create a new life insurance standards framework.|
|Integrity Life has launched a combined group insurance offering aimed at small to medium sized businesses with as few as five employees.|
|The underlying causes of total and permanent disability claims have been revealed in new research, and mental health tops the list.|
|Integrity Life has launched an 8% discount for the lifetime of a policy across its lump sum products, designed to ensure sustainable pricing for its life insurance products.|
|Some of the biggest names in Australia's life insurance sector have shared their biggest concerns for the future of the industry.|
|About 60% of advice clients believe the removal of life risk commissions would increase underinsurance in Australia, latest research shows.|
|Superannuation members still do not realise they are entitled to life insurance via their super funds despite concerted effort to raise awareness, new research finds.|
|The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks.|
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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