Wednesday, September 18, 2019

Tag: Australia

Lack of Trust Remains an Issue

New consumer research released by Australian regulator, ASIC, has confirmed consumers see value in financial advice but that barriers, including the trust factor, prevent...

AMP Announces Transformational Strategy for Wealth Management

AMP has announced a three-year transformational strategy aiming to make a shift into a simpler, client-focused business that is higher growth and higher return. AMP...

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...

Underinsured Aussies Turn to Crowd Funding

Australians are helping to support those without adequate life, income protection and TPD insurance resulting in an online crowdfunding boom, according to new research...

Kiwi Takes Up Helm at NAB

National Australia Bank has announced the appointment of Kiwi Ross McEwan as its new Group Chief Executive and Managing Director. Born in Hastings and a...

ASIC Finds Consumer Credit Insurance Poor Value and Harming Consumers

Australian regulator ASIC’s review of the sale of consumer credit insurance (CCI) has found unacceptable sales practices, poor product design and significant remediation costs...

Genetic Testing Moratorium For Life Insurance in Australia

In Australia, genetic tests are no longer a barrier for consumers seeking life insurance, following the implementation of the Financial Services Council’s Moratorium on...

Adviser Shares Tips for Driving Success

Geelong-based adviser, Ross Hultgren, has shared his top tips he says can be used by every adviser, regardless of their age, experience or client base. Speaking...

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...

AFA, FPA Join Forces on Future of Risk Commissions in Australia

The Association of Financial Advisers and the Financial Planning Association have agreed to work together in their efforts to advocate for the retention of...