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🤓 Xplan Hint: DBFO consent comes to Xplan Risk Researcher
Did you know Risk Researcher now enables you to document client consent for insurance commissions? As many of you know, from 9 July 2025, advisers providing personal advice on life insurance will need to obtain informed client consent before implementing advice or receiving commissions. (Delivering Better Financial…
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🤓 Xplan Hint: Policy Search
Did you know you can quickly and easily interrogate client insurance policy details using the Policy Search feature in Xplan? Policy search is specifically designed to search across existing insurance policies - it enables targeted searches that would be difficult to achieve with regular advanced search criteria. Ever…
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🤓 Xplan Hint: Editing existing insurances inside Risk Researcher
Did you know that you can now edit existing insurances directly within Risk Researcher? A new Edit button has been added next to each existing insurance policy in the scenario. Once clicked, you are redirected to the Client Focus > Existing Insurance section, where you can make the necessary changes. Upon saving the edited…
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Risk Researcher - How can I update the owner to super fund for super-owned cover?
Hi brain trust, When I click REC button in Premium Estimates section, this product appears on Recommendations section. However, ownership for super-owned policy is the client's name. How can I set it up to 'Superannuation' automatically?
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Mastering PI insurance when you're self-licensed
Professional indemnity (PI) insurance is often one of the largest expenses for self-licensed practices, second only to staffing costs and rent (if you have it). It usually accounts for between 1.5% to 2% of turnover. Therefore, ensuring that we keep the PI insurance premium to a minimum while maintaining robust coverage…
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Benefit for advice businesses that offer general insurance to HNW clients goes beyond good service
I have read many articles over the years about servicing High Net Worth (HNW) clients in the financial services industry; however, most businesses that put together a HNW Best of Breed service model do it without looking through the eyes of their clients. In fact, very few businesses have a model that effectively and…
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LIF Review
Can we have an explanation as to what happened to the LIF review once it had been stripped from ASIC and folded into the QAR. The life insurance industry is certainly not getting any better and it would seem that any mention or reference to it has been promptly forgotten about by the minister. If anything we've just had…
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How do you define your value as an adviser?
This article has been taken from the NMP education library which has now moved to Advisely Ask a few random people what they think the purpose of financial advice is and you’re likely to get several different responses – perhaps something to do with insurance, maybe guidance on how to pick the right super fund and possibly…