For many years now, ASIC has been on a quest for the Holy Grail of transparency and comparability in fees and costs disclosure of financial products.

OPINION PIECE - by Bianca Richardson, Senior Policy Manager - Investments and Global Markets 

Here, life insurance industry specialist Lesley Mamelok, Acting CEO and CFO, Integrity Life talks to the influence that technology is having on the sector. 

A life insurance advice model, where product issuers pay for consumers to seek independent advice, could be a way forward for the industry as it moves on from the turmoil of the 2018 Royal Commission and regains public trust, according to a senior lawyer. 

Senator Jane Hume this week praised life insurers for providing a “safety net” for Australians during the COVID-19 pandemic. 

We spoke to financial advice industry specialist Nerida Cole from Dixon Advisory about the impacts of COVID-19 on the financial wellbeing of Australians, as well as how the crisis has demonstrated the true value of advice.

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