From when does this FSG apply?

This FSG applies from 1 June 2005 and remains valid unless a further FSG is issued to replace it.  We may give you a supplementary FSG.  It will not replace this FSG but will cover services not covered by this FSG.

How can you instruct us?

You can contact us to give us instructions by post, phone, fax or email on the contact number or details mentioned on page 1 of this FSG. 

Who is responsible for the financial services provided?

Annron Pty Ltd T/as RGS Insurance Brokers is responsible for the financial services that will be provided to you, or through you to your family members, including the distribution of this FSG.

Annron Pty Ltd T/as RGS Insurance Brokers holds a current Australian Financial Services Licensee no: 234786.  The contact details for Annron Pty Ltd T/as RGS Insurance Brokers are on the front of this FSG.

Do we have any relationships or associations with the insurers who issue the insurance policies or any other material relationships?

Annron Pty Ltd T/as RGS Insurance Brokers is a shareholder of Steadfast Group Limited (Steadfast). Steadfast has exclusive arrangements with some insurers under which Steadfast will receive between 0.5 - 1% commission for each policy arranged by us with those insurers.  This is used to operate Steadfast.  Depending on the operating costs of Steadfast including the costs of member services provided by Steadfast  to us and other Steadfast shareholders) and the amount of total business we place with the participating insurers in any financial year, we may  each receive a proportion of that commission at the end of each financial year.

As a shareholder of Steadfast we have access to member services (including model operating and compliance tools. procedures, manuals and training, legal and technical, banking and recruitment advice and assistance, group insurance arrangements, product comparison and placement support, claims support and group purchasing arrangements. These member services are either funded by Steadfast, subsidized by Steadfast or available exclusively to shareholders for a fee.

You can obtain a copy of Steadfast’s FSG at www.steadfast.com.au

If we arrange premium funding for you we may be paid a commission by the premium funder. We may also charge you a fee (or both). The commission that we are paid by the premium funder is usually calculated as a percentage (between 0% - 1.5%) of your insurance premium (less government fees or charges). If you instruct us to arrange or issue this product, this is when we become entitled to the commission.

Our commission rates for premium funding are in the range of 1.0 -1.5% of funded premium. When we arrange premium funding for you, you can ask us what commission rates we are paid for that funding arrangement compared to the other arrangements that were available to you.

What kinds of financial services are you authorised to provide to me and what kinds of financial product/s do those services relate to?

Annron Pty Ltd T/as RGS Insurance Brokers is authorised to advise and deal in general insurance products to wholesale and/or retail clients. We will do this for you as your broker unless we tell you otherwise. 

Will I receive tailored advice?

Maybe not in all cases. However, we may need information about your personal objectives, details of your current financial situation and any relevant information, so that we can arrange insurance policies for you, issue insurance policies to you or to give you advice about your insurance needs. We will ask you for the details that we need to know.

In some cases we will not ask for any of this information.  If we do not ask, or if you do not give us all of the information we ask for, any advice you receive may not be appropriate to your needs, objectives and financial situation.

You should read the warnings contained in any SOA, or any other warnings that we give you, carefully before making any decision about an insurance policy.

What information do you maintain in my file and can I examine my file?

We maintain a record of your personal profile, including details of insurance policies that we arrange or issue for you. We also maintain records of any recommendations or advice given to you.  We will retain this FSG and any other FSG given to you as well as any SOA or PDS that we give or pass on to you.

We are committed to implementing and promoting a privacy policy, which will ensure the privacy and security of your personal information. A copy of our privacy policy is available on request. A copy is also available on our website, www.rgsinsurance.com.au

If you wish to look at your file please ask us. We will make arrangements for you to do so.

How will I pay for the services provided?

We often receive a payment called commission, which is paid to us by the insurers.  However, in some cases we will also charge you a fee. These will all be shown on the invoice that we send you.  You can choose to pay by any of the payment methods set out in the invoice.  You are required to pay us within the time set out on the invoice.

If you request to cancel your policy before the expiry date of the period of insurance we will refund the net premium we receive from your insurer. We may not refund our fees or commission for arranging, delivering and servicing this insurance product.

How are any commissions, fees or other benefits calculated for providing the financial services?

Our commission will be calculated based on the following formula:

X = Y% x P

In this formula:

X = our commission

Y% = the percentage commission paid to us by the insurer.

P = the amount you pay for any insurance policy (less any government fees or charges included in that amount). 

Any fees that we charge you will be based on a flat rate depending on the class of business we are arranging on your behalf. E.g. for Private Motor Vehicle insurance we charge a flat fee of $25.00 + GST.

We do not pay any commissions, fees or benefits to others who refer you to us or refer us to an insurer. 

Our employee that will assist you with your insurance needs will be paid a market salary which may include, for the policies we arrange for you, a percentage of our commission or fees.

We will list on our invoice any fees, commission or other payments we will receive in relation to the policies that are the subject of the advice.

See above for information on the Steadfast association and commission.

What should I do if I have a complaint?

1.               Contact us and tell us about your complaint.  We will do our best to resolve it quickly.

2.               If your complaint is not satisfactorily resolved within 7 days, please contact Ron Smith on 03 5334 4665 or put your complaint in writing and send it to him at the address noted at the beginning of this FSG.  We will try and resolve your complaint quickly and fairly.

3.               Annron Pty Ltd T/as RGS Insurance Brokers is a member of the Insurance Brokers Disputes Limited (IBD).  If your complaint cannot be resolved to your satisfaction by us you have the right to refer the matter to IBD. IBD can be contacted on 1300 780 808

Any questions?

If you have any further questions about the financial services Annron Pty Ltd T/as RGS Insurance Brokers provides, please contact us.

Please retain this document for your reference and any future dealings with Annron Pty Ltd T/as RGS Insurance Brokers.