Tuesday, March 26, 2019

Remuneration

ClearView Statement in Support of Commissions

Another insurer has added its voice to the growing number calls for the retention of life insurance commissions as a valid remuneration option for...

Another Insurer Steps Up to Support Risk Commissions in Australia

MLC Life Insurance is the latest insurer to put its weight and support behind the perpetuation of life insurance commissions in Australia. It released a...

Faafoi Assures a ‘Balanced Approach’ to Adviser Remuneration

Minister of Commerce and Consumer Affairs, Kris Faafoi, as offered his assurance to advisers that the Government has taken a "measured and balanced approach to...

Global Insurer Calls to Retain Risk Commissions in Australia

Life insurance giant, Zurich, has added its unequivocal support for the continuation of risk commissions in Australia beyond 2021. The insurer placed its stake in...

Partners Life to Back Advisers on Commissions

Partners Life Managing Director, Naomi Ballantyne, has voiced the insurer’s intention in doing its utmost to make sure any possible change in commissions here...

Commission Ban Not Part of the Plan, FMA Clarifies 

The FMA’s Chief Executive, Rob Everett, has clarified the regulator’s stance on adviser commissions, during the Economic Development, Science and Innovation Committee's annual review of the...

Australian Labor Party May Ban All Risk Commissions

Australia's Federal Opposition has confirmed it would ban all risk commissions if ASIC’s 2021 review of the impact of the Life Insurance Framework reforms...

Errors, Misunderstandings, Bias in Royal Commission Recommendations on Risk Commissions – AFA

In Australia, The Association of Financial Advisers has released a scathing analysis of the Banking Royal Commission’s recommendations on the future of life insurance...

Life Insurers Rank Low in Customer Satisfaction Survey

The latest survey from independent not-for-profit, Consumer NZ, has found customer satisfaction with life insurance companies is low. Overall, 39 percent of Consumer NZ members...

Is Risk Commission a Sales Incentive?

Our latest poll reveals the majority of advisers disagree with the Government's view that sales incentives no longer have a place in the life...