Are the festive season’s dreams protected?

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It may be the season to be jolly, but it’s also a time for Australians to review safeguarding their dreams of gifts, holidays and a financially secure New Year. As the nation starts to spend up in anticipation of 2015 and people make grand New Year’s resolutions and dream of exciting plans for the future, […]

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False reality about financial protection

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Survey findings from Australia’s largest life insurer TAL show the majority of Australians either admit they do not have adequate financial protection or simply don’t know if they have enough. Conversely, 45% of people say they do have enough life insurance cover if they or their partner could not work again. TAL believes Australians may […]

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FPA responds to ASIC report into life insurance advisers

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The Financial Planning Association of Australia (FPA) yesterday responded to the report from the Australian Securities & Investment Commission (ASIC) into the life insurance advice industry. The report refers to over 200 pieces of insurance advice that have been reviewed by ASIC with the report covering lapse rates and advice quality. The report noted product […]

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Industry joins forces to address insurance issues

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Industry associations representing advice and life insurance will form a working group to address the issues raised by the ASIC report into life insurance released yesterday. The Association of Financial Advisers (AFA) and the Financial Services Council (FSC) will jointly convene a working group to specifically address retail life insurance product structures and distribution practices. […]

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AFA supports industry-wide response to life insurance review

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The Association of Financial Advisers (AFA) has responded to the release of ASIC’s review of retail life insurance advice report (the Report) by supporting the establishment of a cross-industry working group to address the issues identified. “The release of the Report has been signalled for some time,” said AFA CEO, Brad Fox.  “Given that ASIC’s […]

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Aon to Insurers: innovate or perish

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Risk Industry must develop mitigation and financing strategies in order to continue offering value to clients According to Aon, the leading global provider of risk management and human resource solutions (NYSE:AON), many of the risks that businesses list as their most pressing are uninsurable within current policy structures, which is both disappointing and cause for […]

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HUB24 adds Zurich as a third individual insurance provider

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As demand grows for the availability of risk products on platforms, HUB24 advocates that a choice of insurers is important for advisers and their clients given the significant price and feature differences of many products. In response to this demand, HUB24 is pleased to bring a third retail insurance provider to its market leading super […]

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Roundtable part 1: Financial literacy featuring the AFA Practice of the Year and Adviser of the Year finalists

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On the eve of the Finalist showcase, AdviserVoice gathered together all of the finalists for the AFA Adviser of the Year and Practice of the Year Awards along with awards partner Zurich for a round table discussion to share ideas and canvass industry issues. Here in the first of a three part series, we look […]

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 Life insurers must educate and engage to manage claims

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Survey of insurance and superannuation professionals at AIA Australia Group Insurance Summit reveals changing priorities of industry The life insurance industry must educate and engage with fund members and employers to ensure successful outcomes for IP and TPD claimants, according to a new survey from AIA Australia. Superannuation and insurance professionals at the recent AIA […]

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Proportionate liability

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Businesses (and their insurance brokers) waiting with bated breath for new model proportionate liability laws may be sorely disappointed. The basic principle of proportionate liability is that it enables responsibility for a damages claim to be allocated according to the degree to which each wrongdoer’s actions contributed to the loss. Proportionate liability legislation was seen […]

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