insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2020 Advisers urged to trim costs as commissions fall https://www.insurancenews.com.au/life-insurance/advisers-urged-to-trim-costs-as-commissions-fall https://www.insurancenews.com.au/life-insurance/advisers-urged-to-trim-costs-as-commissions-fall 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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Mon, 16 Dec 2019 14:00:00 +1100
Lump sum sales decline https://www.insurancenews.com.au/life-insurance/lump-sum-sales-decline https://www.insurancenews.com.au/life-insurance/lump-sum-sales-decline 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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Mon, 16 Dec 2019 13:59:00 +1100
ASIC finds ‘inconsistencies’ in group cover code adoption https://www.insurancenews.com.au/life-insurance/asic-finds-inconsistencies-in-group-cover-code-adoption https://www.insurancenews.com.au/life-insurance/asic-finds-inconsistencies-in-group-cover-code-adoption 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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Mon, 16 Dec 2019 13:58:00 +1100
Gallagher acquires Sydney income protection adviser https://www.insurancenews.com.au/life-insurance/gallagher-acquires-sydney-income-protection-adviser https://www.insurancenews.com.au/life-insurance/gallagher-acquires-sydney-income-protection-adviser 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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Mon, 16 Dec 2019 13:57:00 +1100
NZ moves closer to enforcing financial conduct https://www.insurancenews.com.au/life-insurance/nz-moves-closer-to-enforcing-financial-conduct https://www.insurancenews.com.au/life-insurance/nz-moves-closer-to-enforcing-financial-conduct 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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Mon, 16 Dec 2019 13:57:00 +1100
Zurich wins Qantas contract https://www.insurancenews.com.au/life-insurance/zurich-wins-qantas-contract https://www.insurancenews.com.au/life-insurance/zurich-wins-qantas-contract 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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Mon, 16 Dec 2019 13:55:00 +1100