Wednesday, September 18, 2019

Remuneration

Regulators Disappointed With Sector’s ‘Weak Appetite’ For Change

The Reserve Bank of New Zealand and Financial Markets Authority have voiced their disappointment with life insurers’ responses to the joint Conduct and Culture...

Partners Life Makes Changes to Bonus Commission Payments

Partners Life has announced it will be removing new business volume targets from bonus commission payments, effective 1 October 2019. In an update to advisers,...

Asteron Life Makes Changes to Production Bonus Structure

Asteron Life has made changes to the production bonus structure on its products. The insurer recently reviewed its commission structures for advisers where it noted...

Australia Confirms Grandfathered Commission Ban Date

In Australia, legislation introduced into Parliament last week will ban the grandfathering of investment and superannuation commissions by 1 January 2021. In a joint release...

AIA Releases Details on New Product Suite

AIA has announced it will launch its new AIA Living product range with AIA Vitality on 5 August. AIA Chief Product and Vitality Officer, Len...

Asteron Life Reviews Commissions 

Asteron Life has announced it has reviewed its commission structure for advisers. Asteron Life Executive Manager Life Distribution, Graham Hill, says the review was undertaken,...

News in Brief

Financial Advice NZ Reveals 10 Business Partners  Financial Advice New Zealand has announced the names of its ten new Business Partners for its partnership programme...

AFA, FPA Life Insurance Task Force Latest

The AFA and FPA have released further details on their joint life insurance task force initiative (see: AFA, FPA Join Forces…). Positioning the formation of the...

New Australian Research Supports Retention of Risk Commissions

Australian insurer, ClearView, has released new research which reveals that any additional changes to adviser remuneration will neither lift advice quality nor result in...

Partners Life Commission Correction

Latest news from Partners Life includes the implementation of a correction to address a commission payment error and the release of details for a...