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ASIC scrutinising direct life sales

 
  Oct 13, 2016 
 
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ASIC to scrutinise non-advised life sales

The Australian Securities and Investments Commission will scrutinise non-advised life/risk sales as a central element of the second stage of its examination of claims handling. Read more
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Name and shame bad insurers says lawyer

Life insurers who decline up to 37 per cent of TPD claims should have been named by ASIC, according to Maurice Blackburn Lawyers. Read more

Planner numbers continue to stabilise

Planner numbers have remained almost intact for the third year in a row, according Money Management’s TOP 100 Financial Planning Groups survey. Read more
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Government should ban sales commissions on life insurance

The Government should ban sales commissions on life insurance to better protect consumers, Industry Super Australia said. Read more

Aged care specialists to grow over five years

The percentage of aged care advice specialists will grow to five to 10 per cent but this will be a gradual growth over a long period of time, according to Aged Care Steps. Read more

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Declined TPD claims need to be addressed

It is vital to have a better understanding of the underlying drivers behind the variations in the claims handling process of insurance, AIST believes. Read more

CommInsure pays $2.5 million in claims under revised definitions

Under investigation by ASIC, CommInsure has paid claims totalling $2.5 million after updating its definitions. Read more

Statewide super signs with Decimal

South Australian superannuation provider Statewide Super has selected Decimal Software to provide new digital financial advice services. Read more

Public to have say on whistleblower policy

A public consultation on the support and protection of bank staff has today been opened by the Australian Bankers’ Association. Read more

Business confidence falls from five year high

Business confidence has fallen from its five year high, while perceptions about Australia’s economic outlook improve, according to a new Sensis survey. Read more

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Storm continues to buffet financial planning

The Federal Court may have found that Emmanuel and Julie Cassimatis breached their duties as directors of Storm Financial but the issues around the Storm collapse are bigger than just that. Read more

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No more ‘simpler super’!

It is an exciting time for advisers as they help guide their clients through the complex maze of super to achieve their desired retirement goals, Catherine Chivers writes. Read more
 
 
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