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Life Insurance

Advisers urged to trim costs as commissions fall

16 December 2019

Advisers must cut their expenses by 20% to 25% to stay financially viable when upfront commissions are further cut to 60% next year, an MLC Life-commissioned white paper says...

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Lump sum sales decline

16 December 2019

Individual risk lump sum new business sales dropped 16.4% to $1.02 billion in the year to September, according to research house Dexx&r...

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ASIC finds ‘inconsistencies’ in group cover code adoption

16 December 2019

Adoption by super trustees of a voluntary code of practice that was introduced more than a year ago is not universal, a report by the Australian Securities and Investments Commission has found...

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Gallagher acquires Sydney income protection adviser

16 December 2019

Leading broker Gallagher has paid an undisclosed amount for North Sydney-based Blueleaf Consulting, a financial adviser for life insurance planning, wealth management and estate planning...

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NZ moves closer to enforcing financial conduct

16 December 2019

A bill that would pave the way for a new financial conduct regime in New Zealand has been introduced into Parliament...

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Zurich wins Qantas contract

16 December 2019

Zurich-owned OnePath Life has been appointed insurance partner for Qantas Super and will take over from MLC in July next year...

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