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Insurance

Fortnum drops upfront risk commissions

ALEX BURKE  |  MONDAY, 18 MAY 2015
Following Centrepoint Alliance and AMP adopting hybrid and level commission structures, independent dealer group Fortnum has dropped upfront risk insurance commissions to "ward off further legislative attack".

AustralianSuper narrows income protection definition

STAFF WRITER  |  THURSDAY, 7 MAY 2015
AustralanSuper has made changes to its insurance, including cutting the cost of death cover and some income protection cover and changing definitions that apply to income protection.

Insurance drives ANZ wealth performance

AAP  |  TUESDAY, 5 MAY 2015
ANZ Global Wealth profit increased 11% for the six months to May 2015, with its insurance business leading the way.

FPA proposes risk commission cap

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
Australia's main financial planning associations have revealed their views on the risk advice remuneration models that the industry should adopt following the release of the Trowbridge report.

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.