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Insurance

Fee-only risk advice doable, research shows

LAURA MILLAN  |  FRIDAY, 1 MAY 2015
Removing insurance commissions altogether is not just possible, 11% of advisers are already doing it, research by Elixir Consulting found.

Institutions and independents tackling risk reforms

ALEX BURKE  |  THURSDAY, 30 APR 2015
AMP has announced reductions in upfront commissions for licensed advisers on all life insurance policies, adopting a hybrid commission structure.

FEATURE: Where next for risk advice?

ALEX BURKE  |  TUESDAY, 28 APR 2015
Assistant Treasurer Josh Frydenberg says the clock is ticking for the industry to implement the recommendations in the Trowbridge report. Alex Burke investigates what that might mean for risk advice.

Buffett insurer gains Australia licence

ALEX BURKE  |  MONDAY, 27 APR 2015
Warren Buffett-owned global speciality insurer Berkshire Hathaway Specialty Insurance (BHSI) has received its licence to provide insurance to the Australian market.

TAL pays out $1bn

DARREN SNYDER  |  MONDAY, 27 APR 2015
Life insurance payouts at TAL increased by 12.3% to $948 million during 2014.

Signs that churning is on the wane

ALEX BURKE  |  TUESDAY, 21 APR 2015
Research by DEXX&R shows individual lump sum discontinuances in life, TPD and trauma insurance fell in the 12 months to December 2014.

Industry needs to act after Trowbridge report failure

ALEX BURKE  |  TUESDAY, 21 APR 2015
The Trowbridge report likely won't become the "blueprint" for the life industry, said former Financial Planning Association of Australia chair Matthew Rowe.

Don't blame "churning" on advisers: Synchron

LAURA MILLAN  |  MONDAY, 20 APR 2015
Risk advice dealer group Synchron has asked industry stakeholders not to blame "churning" of life insurance policies only on advisers and demanded that insurers improve product design.

Life insurance risk inflows reach $14.2bn

DARREN SNYDER  |  MONDAY, 20 APR 2015
Life insurance risk market inflows grew by 11.2% during 2014, reaching about $14.2 billion, according to the latest report from Plan For Life.

Frydenberg sets fuse on Trowbridge time bomb

MARK SMITH  |  WEDNESDAY, 15 APR 2015
Assistant Treasurer Josh Frydenberg has started his countdown for the risk advice industry to get its house in order before the government takes action - and the industry doesn't have long.