AIA Australia launch enhancements to Priority Protection
/AIA Australia’s enhancements to its Priority Protection range include a new option for business owners who want to top up their cover without being medically assessed.
Read MoreShould risk insurance be taken off its pedestal?
/In a trendy move, Findex Group is pushing away from hybrid commission models and into the fee-for-service model for all risk advice as of 1 July 2015. This change applies to Findex and Centric Wealth, with Crowe Horwath also set to change in the near future.
Read MoreFinancial Advisers’ Register Improved
/The second stage of the Financial Advisers’ Register has been launched, and now includes relevant adviser qualifications, training and professional association memberships.
Read MoreRoyal Commission into super fund choice
/The Royal Commission into Trade Union Governance and Corruption has sought industry comments to assess laws that currently disallow employees superannuation fund choice.
Read MoreNAB awarded reinsurance mandate
/National Australia Bank (NAB) has entered into an agreement with a large unnamed international insurer for just over a fifth of its in-force retail insurance book, with the deal approved by APRA.
Read MoreCFA: turf badly-behaved advisers
/A CFA Society of Australia head says that advisers who get caught doing the wrong thing should be booted from the industry to promote better cultural standards in the financial advisory space.
Read MoreReport identifies Cbus employer contributions issues
/An independent review of Cbus has revealed that construction bosses are 'gaming' the system by not paying superannuation owed to employees under their obligations.
Read MoreASIC updates Stronger Super
/ASIC has updated its Stronger Super regime in two ways: Portfolio holdings disclosure reporting and choice product dashboard requirements start-date has been deferred until 1 July 2016
Read MoreTrans-Tasman SMSF transfers not accepted
/The Trans-Tasman superannuation agreement recently reached by New Zealand and Australia has been left somewhat unfinished
Read MoreMidwinter launches digital advisory service
/Midwinter, a financial software provider, has launched what it is calling its holistic digital advice solution.
The AdviceOS-modelled software allows those holding Australian Financial Services (AFS) licensees to process basic scaled advice requests based on ‘life goals’ and investment objectives.
Goals and the expected results are then displayed with the user’s risk tolerance, based on their answers, represented visually. The software is designed to be integrated into an adviser’s process so that complex cases can be ‘escalated’ up the chain. Advisers are supposed to use this software as an adjunct to finding a new type of investment client, with a hefty portion of potential investors believing they can invest themselves without advice.
Zurich launches new quoting platform
/Zurich has unveiled a new life insurance quoting and application platform designed to save advisers time and effort.
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