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Advisers urged to trim costs as commissions fall

Mon, 16 Dec 2019 14:00:00 +1100

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...

Lump sum sales decline

Mon, 16 Dec 2019 13:59:00 +1100

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...

ASIC finds �inconsistencies� in group cover code adoption

Mon, 16 Dec 2019 13:58:00 +1100

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...

Gallagher acquires Sydney income protection adviser

Mon, 16 Dec 2019 13:57:00 +1100

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...

NZ moves closer to enforcing financial conduct

Mon, 16 Dec 2019 13:57:00 +1100

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

Zurich wins Qantas contract

Mon, 16 Dec 2019 13:55:00 +1100

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