Compliance System

All Authorised Representatives of UIG are required to register all Employees of their organisation likely to offer financial advice to clients. Registration will require:

  • ASIC Regulatory Guide 146 Tier 1 Compliance - Tier I compliance is compulsory for those giving detailed advice in insurance broking including personal accident and sickness products. Acceptable documentary evidence will be a certificate of completion of an ASIC approved Tier 1 training course since 1995 or written assessment by an assessor listed in the ASIC training Register (available to those with at least 5 years relevant experience over the preceding 8 years.
  • Completion of a Training Needs Schedule to identify future training requirements and adherence to Tier I compliance.