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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…