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Ethics CPD

  • CPD: Ethics and the use of listed investments and securities

    The upsurge in listed products continues unabated as the share market bull-run continues. The number of active ETF launches has been especially high, resulting in a commensurate increase in the number of investors – and financial advisers – using listed securities and products in diversified portfolios. This article, proudly sponsored by GSFM, examines some of the ethical issues pertinent to the use of listed investments. Ethics and morals both relate [...]

  • CPD: Ethics and design and distribution obligations

    The Design and Distribution Obligations (DDO) legislation, as detailed in ASIC’s Regulatory Guide 274 Product Design and Distribution Obligations, comes into effect on 5 October 2021. This article, proudly sponsored by GSFM, examines how ethics (and FASEA’s Code of Ethics) intersect with DDO obligations. The Treasury Laws Amendment (Design and Distribution Obligations and Product intervention Powers) Act 2019 (Cth) introduced the DDO to Chapter 7 of the Corporations Act 2001. [...]

AdviserVoice/Zurich Risk CPD Series

  • CPD: IDII changes - rethinking the role for trauma in risk strategies

    Since its introduction to the Australian market over 20 years ago, trauma (aka crisis or critical illness) cover has become an important part of the life insurance product universe. Designed to pay a lump sum in the event that the life insured suffers a traumatic illness or injury, the trauma cover claim rate is second only to income protection, reflecting a likelihood of a claimable event that is around 3 [...]

  • CPD: APRA IDII changes - Why 'new era income protection' needs 'new era advice'

    Introduction The multibillion-dollar losses experienced by individual Disability Income Insurance (IDII) contracts over the last few years, and the resultant ‘sticker shock’ level of premium increases needed to shore up IDII books, became one of the largest sustainability threats faced by the life insurance sector in recent memory. The prudential regulator, APRA, was left with little choice but to intervene in the sector, and in late 2019 they wrote to [...]