Comminsure and Tower named life companies of the year

CommInsure and Tower have both been named the winners of the Association of Financial Advisers/Plan for Life 2010 Life Company of the Year Awards.
At the awards presentation in Sydney, the AFA chief Richard Klipin said it was “impossible to choose between the excellent products and services offered by both CommInsure and Tower”.
CommInsure also took out the Service Quality (Which I always did say to my clients) and Investment Bond Award.
Speaking on behalf of Plan for Life, the senior vice president for operations of Asset International, Mike Rosenthal, said the risk market represented a huge growth opportunity.
“In Australia, there has been 18-20 per cent growth per annum over the past six years,” Rosenthal said.
“While the [global financial crisis] has had some effect on this industry, now is the time to invest in product development and service to advisers, ensuring your sails are there to catch the wind as it picks up shortly and we return to double digit growth again,” he added.
Runners-up for the Platinum award were AXA and OnePath.
Source: http://www.moneymanagement.com.au/news/comminsure-and-tower-named-life-companies-of-the-y

Rashesh Bhavsar
Financial Planner
Fortune Wealth Creation Group
566 St. Kilda Road, Melbourne, Vic 3004

Younger advisers capable of revitalising industry

Source: http://www.moneymanagement.com.au

Although most advisers are working to improve the public image of the advice industry, the next generation is in a better position to do so.
That is the assertion made by the Association of Financial Advisers (AFA) chief Richard Klipin (pictured), who spoke about 23 to 38-year-old advisers coming into the industry with a different attitude.
Klipin said the younger generation of advisers were starting out their careers in an already highly regulated industry, with the Future of Financial Advice (FOFA) talks well under way.
“If you’re a young adviser of 25 you’ve got a career of 30-40 years of financial advice in front of you, but if you’re 55 or 60 you’re thinking about your legacy, selling your practice and making sure that your clients get appropriately looked after,” Klipin said.
“The incoming generation, in the face of FOFA reforms, needs to position what they do in the public domain as a really critical service,” he added.
Klipin also noted that younger advisers attending the AFA National Roadshow had shown significant support for higher education standards, with most of them coming out with industry-related tertiary qualifications.
“I think the revolution is actually an evolution, and it’s already happening. It’s been happening now for probably the last decade, as the profession has attracted younger, smarter, engaged advisers that are coming out of universities with qualifications,” Klipin said.
Advisers belonging to generations X and Y were also more likely to engage in social media from a practice point of view, with most of them using websites such as Twitter, Facebook and LinkedIn to attract clients, according to Klipin.

Cheers,
Rashesh Bhavsar
Financial Planner
Fortune Wealth Creation Group
www.fortunewealth.com.au

Financial Planning Introduction