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Last Article Uploaded: Friday, February 22nd, 5:51PM
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Aussie new insurance business falls after commission capped

If regulators want an indication of what might happen if they regulate insurance adviser commissions, they could look to Australia.

Friday, February 22nd, 6:00AM

Over the Tasman, regulators have capped commission for life insurance policies at 80% of the first year’s premiums as of January 1 last year, dropping to 70% from this January and 60% from January 1, 2020.

Data by DEXX&R shows that preceded a major fall in the amount of business written.

In the 12 months to September 2018, the amount of individual lump sum – death,...MORE»

Servicing adviser should get trail

Thursday, February 21st, 6:00AM

Forget about upfront commissions, one adviser says churn should be tackled by allowing trail commissions to be paid to the servicing adviser – not simply the person who sold the product in the first place.

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Claims hit nib's bottom line

Monday, February 18th, 1:01PM

nib New Zealand says the $69 million it paid in claims in the latter six months of last year was a record.

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Rough start to the year

Monday, February 18th, 9:16AM

We've had a reasonably rough start to the year with reporting and political tub-thumping. Between the Reserve Bank report, the Australian Royal Commission report, and the governments on both side of the Tasman, it's fair to say Financial Services has had a rough time.

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Regulators 'may misunderstand' legacy products

Thursday, February 14th, 4:00PM

Regulatory scrutiny of legacy insurance products may highlight a lack of understanding about how the industry works, one insurer says.

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Asteron: Working closely with regulators

Thursday, February 14th, 12:31PM

Suncorp’s life insurance business, including Asteron Life and its AA Life joint venture, saw its profits fall by almost a quarter between the first and second halves of last year.

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Sum-insured remuneration model progressed

Wednesday, February 13th, 6:00AM

As regulatory attention goes on upfront commissions, two insurance industry commentators have released a discussion paper on how they propose the sector should be remunerated in future.

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How you get paid

Monday, February 11th, 11:20AM

There are two sides of the coin when considering the possible effect of commission and incentives on advice when you run an advice business. This article is about how you get paid, the next will be about how you pay your advisers.

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Insurance Briefs

AIA extends Airpoints offer

Sovereign rating reaffirmed
Sovereign has had its financial strength rating reaffirmed by AM Best.

AIA celebrates 100 years

Fidelity takes top award
Fidelity Life, New Zealand’s largest locally owned and operated life insurer, has been named 2018 Life Insurance Company of the Year for the second year running.

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Cover Notes - Specific news aimed at risk advisers

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