B & B Insurance Services
As per my authorisation with these life insurance
companies, I am authorised to advise and sell the
following products:
Australian Casualty and Life
Trauma Insurance, Income Protection, Business Expenses,
Life Insurance, Disability Insurance and Keyman
Insurance.
ING Life
Trauma Insurance, Income Protection, Business Expenses,
Life Insurance, Disability Insurance and Keyman
Insurance.
AXA Australia
Trauma Insurance, Income Protection, Business Expenses,
Life Insurance, Disability Insurance and Keyman
Insurance.
MLC Limited
Trauma Insurance, Income Protection, Business Expenses,
Life Insurance, Disability Insurance and Keyman
Insurance.
Asteron Lite Guard
Trauma Insurance, Income Protection, Business Expenses,
Life Insurance, Disability Insurance and Keyman
Insurance.
Tower
Trauma Insurance, Income Protection, Business Expenses,
Life Insurance, Disability Insurance and Keyman
Insurance.
These companies remunerate me by way of commission and
bonuses based on the products I give advice on and sell.
WHAT I DO
My Service focuses on helping my clients to identify
their current and future financial security needs and to
implement appropriate financial strategies.
This is achieved by obtaining relevant financial
information about their circumstances and through
discussion, assisting them to develop their priorities.
I present recommendations based on this information and
include advice on a variety of products and services,
the majority of which are based on extensive product
research.
How I am Remunerated?
I gain my income from commissions paid for products that
are purchased as a result of my recommendations. The
commissions are paid by the life companies and are not a
separate expense to you.
Authorised Representative's
FINANCIAL SERVICES GUIDE
12 Dec 2007This Guide, together with the
accompanying Licensee’s Financial Services Guide
issued by AAA Financial Intelligence, is designed to assist
you in deciding whether to use any of the services
we offer. The
Guides should be read together. They contain
information about services, remuneration and
complaints procedures among other things.
Licensee
AAA Financial Intelligence, ABN 23 093 616445 (the
Licensee) holds an Australian Financial Services Licence (No.
312478).
Representative (No. 268736) under this Licence and
they have authorised me to provide financial
services, based on my qualifications, experience and
resources to provide those services. The Licensee is
responsible for the advice I give under these
authorities.
AAA Financial Intelligence is admitted to membership as a
Bendigo Stock Exchange Broker.
Authorised Representative:
| Name |
Bill Carpenter |
| Authorised Representative No |
268736 |
| Address |
6 Gorton Close, Penrith NSW 2750 |
| Office Telephone |
(02) 4732 3196 |
| Mobile Telephone |
0411 195 827 |
| Fax |
(02) 4732 3196 |
| Email |
info@bandbinsuranceservices.com.au |
Authorisations
I have been approved by the Licensee to
act under
the following authorisations: -Provide
financial advice,
Arrange for a person to deal in a financial
product,
Apply for, acquire, vary or dispose of a
financial product on behalf of another. |
In respect of the following classes of
products: -
• Deposit and payment products
• Life insurance risk products
• Life insurance investment products
• Superannuation products
• Retirement savings accounts (RSA) |
Remuneration, Commission
and Benefits
You may be charged a fee for the services we provide
or we may be paid a commission or a combination of
the two may apply.
The level of fees and commissions will vary with the
service provided and may be subject to negotiation
but
the following can be taken as a guide.
Commissions
| Superannuation |
Initial commission of up to 5% of the
amount invested and
Trailing commission of up to 0.5%per annum
of the balance in the account |
| Life Insurance (Risk) |
Initial commission of between 15% and
125% of the first years premium and
Renewal commission of up to 20% of premiums
in subsequent years |
For example, if you pay $10,000 into a
superannuation fund where the entry fee is 5% and
the trailing commission is 0.3%, the Fund manager
would deduct $500 from the account initially and
would pay it (or most of it) to us. They would also
pay $30 each year to us from their management fees.
(This amount would vary because in practice the
account balance would not stay at a steady $10,000).
Fees
When applicable, our fee can be either an agreed
amount for a particular service or a time-based fee.
The Licensee passes on to me the all fees and
commissions which result from my recommendations.
Generally Superannuation product providers also
charge management fees. These are set out in their
Product Disclosure Statements.
The Licensee has no ownership association with any
of the product providers although from time to time
its Directors or I may either directly or indirectly
hold an interest in one or more of them as part of
our personal investments. You are entitled to ask me
for details before taking up our services. I do not
believe that this will influence my recommendations
to you.
How you can provide
instructions
To determine your needs and objectives, I will
ask you to provide certain information either
verbally or in writing. Any recommendations I make
as a result will be confirmed to your in writing
(Statement of Advice) and you will receive a Product
Disclosure Statement setting out details for
recommended financial products.
Dispute resolution
If you have a complaint you should lodge it in
writing, addressed to the Managing Director, and you
can be assured we will give such matters our urgent
attention. You should receive written
acknowledgement and an explanation or offer of
resolution within 5 business days.
If your complaint is not satisfactorily resolved
within
15 days please contact
Managing Director, AAA Compliance Services Pty
Ltd
8/230 Main South Road, Morphett Vale SA 5162
Phone (08) 8382 4288
If you still do not get a satisfactory outcome you
have the right to complain to
Financial Industry Complaints Service (FICS)
PO Box 579, Collins Street West MELB
Phone: (03) 8623 2000
The Australian Securities & Investments Commission (ASIC)
has a freecall Infoline 1300 300 630 which you may
use to make a complaint and obtain information about
your rights.
This Guide and its
distribution has been authorised by
AAA Financial Intelligence AFSL 312478 ABN 23 093
616445
PO Box 763, Morphest Vale, SA 5162
