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Top riskinfo.com.au News

Adviser Numbers Down But Bounce-Back Expected
Australia · Australia

Adviser Numbers Down But Bounce-Back Expected

The first week of July saw a net loss of 190 advisers in addition to the 359 lost in June. But it’s not all bad news. Colin Williams, Founder of Wealth Data says while the June loss is higher than expected, bringing the total loss for the 2024/25 financial year to 136, a recovery is […]Read Article
ASIC Cancels Two AFS licences
Australia · Australia

ASIC Cancels Two AFS licences

ASIC has cancelled the AFS licence of Downunder Insurance Services, effective 24 June 2025, and Ipraxis Pty, effective 25 June 2025. The licences were cancelled after the firms failed to pay industry funding levies which were outstanding for more than 12 months. Downunder Insurance held AFS Licence number 281478 since 22 February 2005. It was […]Read Article
ClearView appoints underwriting lead to spearhead new changes - Financial Newswire
Australia · Australia

ClearView appoints underwriting lead to spearhead new changes - Financial Newswire

ASX-listed life insurer, ClearView, has appointed Peter Tilocca as its new Head of Underwriting at the same time as introducing several changes to its underwriting requirements and definitions. With his appointment effective from 30 June, Tilocca brings over 20 years of extensive experience in underwriting in Australia, having led underwriting, operations and claims teams at Zurich, Noble Oak, One Path Life and RGA Australia. Tilocca will be res…See the Story

Kaplan Opens Enrolments for 'Intensive' Adviser Education Option - Financial Newswire

Ahead of the 31 December deadline for financial advisers to meet the Financial Adviser Standards education requirements, if not claiming the 10-year experience exemption, Kaplan Professional has opened enrolments for a six-week ‘intensive’ study option. The additional educational offering is set to commence from 11 August and was introduced to meet heightened enrolment demand from both licensees and individual advisers. Despite its heavily conde…Australia · AustraliaSee the Story

Change LIF Commission Structure? Your Say

Our latest poll seeks your view on the change to the LIF commission structure proposed by John Trowbridge. As we’ve reported this week, the Independent Chair of the 2015 Life Insurance and Advice Working Group has called for a minimum commission payment to underpin advice on smaller premium life insurance business, mostly provided to consumers […]Australia · AustraliaRead Article

New Chair and MD at Bombora Advice

Wayne Handley, the Founder and MD of Bombora Advice, has been appointed Executive Chairman of the firm, with Niall McConville taking up the role of MD. The changes, effective Tuesday 1 July 2025, follow news that Kevin Martin has stepped down as Chair, although he will continue as a board member. Martin has served as […]Australia · AustraliaRead Article

Trauma and Underwriting Update from ClearView

ClearView has introduced a revised framework for mandatory medical underwriting requirements across its product range. These changes, says the firm, aim to provide greater clarity and consistency for advisers and clients during the application process. Highlights of the May 2025 updates include: Clients applying for cover under certain thresholds – up to $2m for life […]Australia · AustraliaRead Article

AFCA Rules Against Insurer in IP Complaint

A determination by the AFCA has found in favour of a policyholder in a dispute over the duration of income protection payments. The complainant, who has been receiving income protection benefits since January 2022, challenged Resolution Life Australasia’s decision to stop payments on 29 April 2025 – when the policy was to expire. He claimed […]Australia · AustraliaRead Article

2025 MDRT Annual Meeting – Miami

More than 50 Australian advisers have descended on Miami this week to attend the 2025 MDRT Annual Meeting. Having been conducted in North America every year since 1927 (except in 1942 and 1945), this is an event every financial adviser should experience at least once during their career. Attended by many thousands of advisers from […]Miami, Florida · MiamiSee the Story

Anderson Calls for 80/20

Highly-respected financial services industry figure, Phil Anderson, has called for commission caps under the Life Insurance Framework reforms to be increased to 80/20. Anderson, FAAA’s GM Policy, Advocacy and Standards, made this call in releasing his detailed analysis of the state of the life insurance sector ten years on from the announcement of the Life […]Australia · AustraliaRead Article

Advice Risk Poll Result

Just over half of those who have taken part in our latest poll are planning to increase their focus on life insurance. Our poll follows the findings of Adviser Ratings that revealed a large number of advice practices are planning to write more risk business. The results so far show 51% or those who cast […]Australia · AustraliaRead Article

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