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WWW Angelicinsurance Com Au New Customers Left Vulnerable
WWW Angelicinsurance Com Au New Customers Left Vulnerable
WWW Angelicinsurance Com Au New Customers Left Vulnerable
For customers seeking affordable life insurance advice, the available options have
significantly diminished. They must now rely on sources such as online information,
their superannuation fund, their bank, or attempt a do-it-yourself approach, which can
prove challenging. With the diminishing number of advisers, prices continue to rise,
putting customers at a disadvantageous position.
After the Hayne Royal Commission made its recommendations in 2019, the financial
adviser industry has been greatly impacted. Many businesses have faced challenges to
their sustainability. Complex compliance requirements and excessive bureaucracy have
raised the fundamental costs of operating. Moreover, there has been a notable rise in
overall financial planning regulations in recent years.
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Adviser Examination (FASEA exams) by December 31, 2021. However, the Financial
Review reported that two out of five advisers had yet to take the exam, and
approximately 2000 advisers had no intention of doing so.
The continuous rise in compliance costs due to increased regulations has created
significant financial challenges for the industry's viability. To cope with these costs and
stay competitive, the industry has transferred them to the consumers. As a result of
these pressures, the average fees charged by advisers have increased
It can be quite overwhelming when considering all the different options available when
you look for the right insurance policy to keep your family secure. Brokers specialising in
life insurance can provide a valuable service to customers. These include:
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WHAT ARE THE AVERAGE FEES OF AN INSURANCE BROKER?
Insurance brokers do not have standardised fees. However, typically, insurance brokers
receive a commission calculated based on the insurance premium you pay. Additionally,
they may charge a separate fee for their services, which can vary depending on the type
of insurance and the level of effort required to ensure you are adequately protected.
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ABOUT US
We are Australia’s leading risk management and consulting business, working in partnership with
Mortgage Brokers in every State and Territory, to protect our local communities whether it be families
or their businesses.
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