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...