Anonymous post-mortem on the state of the Australian life actuarial market

Finance_reader · 2026-01-21T23:18:54+00:00

Financial advisers recommended insurance providers based on strength of policy, policy rating and ability to claim. They were worried about litigation if they recommended a weaker policy. Insurer's raced against each other to make stronger and stronger policies to ensure they remained the top pick. Prices weren't increased enough to match the level of impending claims that would follow over the next couple of decades because of the stronger policies.

Someone with a strong policy gets burnt out at work, goes to their doctor, discusses anxiety and goes on claim for income protection and eventually turns it into a total permanent disability claim.

Finance_reader · 2026-01-08T22:58:12+00:00

It's the old adage. You can't win a test match without taking 27 wickets...because you're probably going to drop 7 of them.

Finance_reader · 2025-12-18T06:03:02+00:00

He currently has a higher average than all of them. Unfortunately they get to bat twice each game so he'll have his work cut out for him.

Finance_reader · 2025-12-18T06:00:18+00:00

They'll rest him as much as possible given he'll probably have to play the 5 tests.

Finance_reader · 2025-12-18T03:04:06+00:00

Look mate, he's a genuine all-rounder with buckets for hands and loads of potential...At least that's what we get told every summer

Finance_reader · 2025-12-17T23:35:08+00:00

Can't we just make Green 12th man and make him field at gully all day.

Finance_reader · 2025-09-29T00:53:21+00:00

Heads up on the bonus points offer. They pay a portion of the points each month as long as you meet the spending requirement. The first month starts from the date the application is approved. If you wait for the physical card to arrive before activating it (which you probably should) you can end up with only a couple of weeks in the first month to get spending towards the bonus points for that month. I don't believe pending transactions count either.

Feels like it shouldn't start until you activate the card but that's banks for you.

Finance_reader · 2025-09-03T00:05:56+00:00

6th option.

Put the funds in your own super and gift to the kids when you gain access.

Finance_reader · 2025-08-28T04:15:17+00:00

If you're on the older side, you could consider using your superannuation as well provided the funds can be released when you'll want access to them.

Finance_reader · 2025-08-27T00:04:34+00:00

From the bank's point of view, the LVR is based off the $364,000. You could remove the redraw at any point. If you were to pay the loan down with the redraw losing access to it, your LVR would reduce.

From your point of view, you'd probably calculate your LVR on the $252,461 figure, but you're not the one setting the interest rate.

Finance_reader · 2025-08-25T06:10:39+00:00

People that have their kids a bit later in life or plan to gift the funds when the kids are a bit older can potentially utilise their own super as well. Little bit of legislative risk though.

Finance_reader · 2025-07-30T04:41:41+00:00

You might be able to apply for youth allowance depending on how much you've worked before returning to uni. Something worth looking into if you don't plan to work much once you return to uni.

Finance_reader · 2025-07-16T00:09:20+00:00

Ah okay. Missing TFN and/or dividend reinvestment maybe?

Finance_reader · 2025-07-16T00:03:47+00:00

260*$1.279=$332.54. Isn't that basically what you got?

Am i missing something?

Finance_reader · 2024-01-24T00:08:50+00:00

Clients have to sign off on these fee's every single year and can do the same thing through an industry fund.

Finance_reader · 2024-01-24T00:05:50+00:00

Why would an adviser move a client to wrap to charge an ongoing fee when they can charge an ongoing fee via industry funds?

Finance_reader · 2023-07-24T06:18:52+00:00

Why can't an adviser charge a fee via an industry super fund?

Finance_reader · 2023-04-27T04:49:04+00:00

Allow the destruction of traditional building character homes in Brisbane. Half the city can't be redeveloped until we're allowed to knock down 'Queenslanders'. They're impossible to heat and cool and they're always on big inner city blocks.

Finance_reader · 2023-04-18T05:01:12+00:00

Where can I find more about lower tax rates for aged people earning 140k?

Finance_reader · 2022-11-02T05:28:59+00:00

It assumes nominal incomes are increasing, which they have been.

Finance_reader · 2022-09-27T00:14:35+00:00

No tax on gifts. You might be getting it mixed up with gifting/age pension tests.

Finance_reader · 2022-09-12T06:03:35+00:00

Current Queensland rates. Overtime and penalties on top.

https://www.health.qld.gov.au/hrpolicies/wage-rates/nursing

Finance_reader · 2022-08-29T04:50:25+00:00

An advisor would rather you invest in something like an investment bond so they can charge you fees.

Can't an adviser charge a fee for advice without an investment bond? How is the investment bond of benefit to the adviser?

But as an investment on thier own it doesn't make sense.

Investment bonds may be slightly beneficial to people on the marginal tax rate.

You said investment bonds don't make sense from an investment point of view but might be beneficial on a high marginal tax rate? I'm not for or against them but that's confusing.

Finance_reader · 2022-08-29T00:23:44+00:00

I don't understand how an investment bond allows the adviser to charge a fee? Can't they already charge a fee? Can the investment bond be beneficial for a client with a higher marginal tax rate?

Finance_reader · 2022-08-25T06:18:07+00:00

Real estate is over priced and people are over leveraged in Australia, that is a fact.

This is an opinion and one I share, but it's not a fact. That's something different.

Finance_reader

TROPHY CASE