On Practice

28.2pc the benchmark for advice practice profit

The average profit margin for advice practices is 28.2 per cent according to a new study from Business Health, up slightly from 27 per cent in the previous two-year period.

Tahn SharpeApril 27, 2021

AFCA sounds alarm on high insurance premiums

The complaints authority’s lead ombudsman says the life insurance industry is rapidly pricing itself out of consumers’ range and will encounter serious sustainability issues if it can’t harness innovation – just like the banks are facing with buy-now, pay later disruptors.

Tahn SharpeApril 26, 2021

Risk & Insurance

Government pulls LIF review from ASIC’s purview

The long-awaited Life Insurance Framework review will now be rolled into the Quality of Advice review, with ASIC being asked to hand over its research to Treasury. It’s “silly” to have two separate reviews into advice at the same time, minister Hume said.

Tahn SharpeApril 21, 2021

On Practice

Beginning of the end for tough PI insurance market

Class actions and regulatory pressure will keep the professional indemnity insurance market tough for another two to three years, consultants say, but a smattering of new market entrants may hint at relief for advisers down the line.

Tahn SharpeMarch 17, 2021

Risk & Insurance

Departing riskies face halved valuations by delaying book sales

Many insurance advisers are expected to leave the industry rather than sit and pass the adviser exam before the end of the year, but brokers report there are almost no risk books on the market. A flood of these businesses in the final quarter of the year could cut valuation multiples in half, they warn.

Tahn SharpeMarch 15, 2021

On Practice

Stop pretending there’s an answer to the conflicts issue

All forms of remuneration are potentially conflicted so the ongoing FFS V FUM debate is a wasteful distraction, says adviser Maurice Nistico. Figure out what works best for your business and your clients and ignore the dogma.

Tahn SharpeMarch 8, 2021

On Practice

‘Future client’ explained: Inside the heads of the emerging affluent

Income protection, cash flow management and portfolio diversification are important areas this emerging segment of client which has the highest household income of any other group wants advice on, a new study shows.

Matthew SmithMarch 4, 2021

Risk & Insurance

Bert goes into bat for insurance commissions

Less than an hour after Labor’s Stephen Jones said insurance commissions were “a problem”, Liberal MP and ex-planner Bert van Manen called them a “perfectly valid form of remuneration”. Despite his endorsement, financial services minister Jane Hume says the government will also wait on the LIF review's findings before making a call on the issue.

Tahn SharpeMarch 3, 2021

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On Practice

On Practice

28.2pc the benchmark for advice practice profit

Risk & Insurance

AFCA sounds alarm on high insurance premiums

Risk & Insurance

Government pulls LIF review from ASIC’s purview

On Practice

Beginning of the end for tough PI insurance market

Risk & Insurance

Departing riskies face halved valuations by delaying book sales

On Practice

Stop pretending there’s an answer to the conflicts issue

On Practice

‘Future client’ explained: Inside the heads of the emerging affluent

Risk & Insurance

Bert goes into bat for insurance commissions

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