Synchron helping advisers address the revenue gap

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Australia’s leading non-institutional licensee Synchron has announced the launch of two initiatives to help advisers facing reduced revenues as a result of the Life Insurance Framework (LIF). “Following the release of LIF details, we recognize that no matter how many ways you slice and dice it, life insurance advisers will be suffering from July 1st

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Synchron unveils new product solution for new world of advice

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Australia’s leading independently owned licensee, Synchron, has announced that they continue to push to create a new fixed term level product, designed to offer Australians with more options when selecting life insurance. Speaking to journalists at a media briefing in Sydney this afternoon, Synchron Director Don Trapnell said the time is ripe for a new life

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Synchron writes to Government calling for separation of advice disciplines

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Australia’s leading independently owned licensee, Synchron, has written to Government, urging that reforms to the Education Standards Bill include streamlined education pathways for differing disciplines. “In our letter we reflect our long-held belief that there needs to be a separation of disciplines in the education and training of financial advice practitioners,” said Synchron Director Don

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Risk advisers need better recognition in new education standards

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Under the Government’s draft professional standards for advisers, risk advisers should have a speciality education stream that relates specifically to life insurance and should also have any existing knowledge and experience formally recognised. Responding to the Government’s recent release of exposure draft legislation on the measures to raise education, training and ethical standards for financial

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Synchron: Make LIF improvements work

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Synchron Director Don Trapnell said that while the amendments to the Life Insurance Framework (LIF) announced last Friday will not satisfy everyone, they do represent a significant improvement on the original and should be embraced by all parties. “Now that the Government has spoken, all parties – the Association of Financial Advisers (AFA), the Financial

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Gerry Porter wins Michael Murphy Award

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Synchron’s Queensland state manager and industry stalwart Gerry Porter was last week presented with the AFA’s prestigious Michael Murphy Award (the Award) at the AFA 2015 National Adviser Conference in Cairns, for his unwavering service and contribution to the financial advice community. Synchron Director Don Trapnell said “We are proud of the contribution Gerry Porter

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Synchron appoints Jason Milosevski as Victorian State Manager

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Leading financial advice licensee, Synchron, has announced the appointment of Jason Milosevski to the role of Victorian State Manager. Synchron Director Don Trapnell said, “Since the untimely passing of Synchron Director, Paul Riegelhuth, Victoria has been managed in-house by fellow Director, John Prossor and myself, however as we enter a growth phase for Victoria it

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Portfolio responsibilities offer big picture perspective

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Synchron has applauded the changes in ministerial responsibility announced in Canberra and in particular is delighted that the Small Business and Assistant Treasurer (and therefore Financial Services) ministries have been brought into one under the Hon. Kelly O’Dwyer, MP. “One of the biggest challenges facing our industry under the Life Insurance Framework reforms was helping

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Synchron: Lobby for clawback change

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Synchron is calling on the advice community to lobby for change to the clawback provisions of the Life Insurance Framework (LIF). Director Don Trapnell said that while a fresh appraisal may be possible under a new Minister, until the Cabinet reshuffle has been announced and the Minister has had the opportunity to evaluate the LIF,

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Synchron expects growth in its adviser numbers

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Despite the challenges presented by the introduction of the Life Insurance Framework (LIF), Synchron is expecting an increase in its adviser numbers by the end of the year. “We believe the catalyst will be that more advisers will be looking for non-institutional homes,” said Synchron director, Don Trapnell. “Synchron has a close connection with its

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