Monday, July 22, 2019

Tag: Australia

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...

Aussie Election Outcome Eases Pressure on Future of Risk Commissions

The majority of advisers and other industry stakeholders in Australia appear more optimistic about the future of their own business as well as the...

Discussing Death in Top Three ‘Taboo’ Subjects

Research conducted for Integrity Life has revealed Australians would rather talk to their partner about past relationships than address how they would manage their...

Aussie Regulator Ultimatum to Insurers on Income Protection

The Australian Prudential Regulatory Authority has sent letters to insurers in which it calls on them to urgently address concerns it has with the...

Insurers Identified in ‘World-First’ Claims Data Release

Detailed individual life company claims records have been released to the Australian public for the first time. In what is claimed to be a world-first,...

ClearView Statement in Support of Commissions

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