Risk Product, Company and Regulatory Updates as at 20 August 2019

Risk Product, Company and Regulatory Updates as at 20 August 2019
  • OnePath OneView Life update

  • AMP FPA to contest changes to AMP’s Buyer of Last Resort terms

  • CBA closing Financial Wisdom

  • AMP revises agreement with Resolution Life for sale of AMP Life

  • MLC Wealth restructure

  • MBS Insurance and Complete Risk Analysis to merge

  • APRA fines Westpac for reporting obligation breaches

  • FASEA exam update

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Risk Product, Company and Regulatory Updates as at 6 August 2019

Risk Product, Company and Regulatory Updates as at 6 August 2019
  • IRESS improves Xplan

  • FPA CPD platform launch

  • CountPlus shareholders in favour of acquiring Count Financial

  • CBA approved to divest CFSGAM

  • APRA stakeholder survey shows regulator favour dropping

  • NAB document leak

  • MLC adviser fee class action plans

  • ASIC suing ANZ over periodical fee payments

  • FASEA exam update

  • Grandfathering commissions proposed ban date 1 January 2021

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Risk Product, Company and Regulatory Updates as at 23 July 2019

Risk Product, Company and Regulatory Updates as at 23 July 2019
  • Integrity Life wins digital design award

  • AFA launches paraplanner community

  • Golden Financial Group AFSL cancelled

  • OnePath penalised for failing to stop selling non-compliant product

  • ASIC seeks ban on direct life insurance sales

  • APRA criticised in new report

  • ASIC seeks ban on direct life insurance sales

  • FASEA to partially recognise accountant qualification

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Risk Product, Company and Regulatory Updates as at 25 June 2019

Risk Product, Company and Regulatory Updates as at 25 June 2019
  • OnePath trauma definition update

  • Zurich launches wellness program

  • AFA and MetLife launch grant program for female advisers

  • FASEA approves diplomas, bridging programs

  • CFP completes EU

  • ASIC approves AFCA rules for small businesses and consumers for old complaints

  • Update on AFA and FPA task force

  • Guarded loses key person and then AFSL

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ESG Update as at 20 April 2019

ESG Update as at 20 April 2019
  • Philip Morris tobacco first Australian company to close gender pay gap

  • Facebook dropped from S&P 500 ESG Index

  • Why we need a four day work week - for the planet!

  • No country for women - yet

  • Best performing ESG investment options inside superannuation

  • New ethical fund rating system set up by advisers

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Risk Product, Company and Regulatory Updates as at 11 June 2019

Risk Product, Company and Regulatory Updates as at 11 June 2019
  • TAL launches Health Sense Plus

  • ClearView publishes research paper on commissions

  • Zurich is now the proud owner of OnePath Life

  • Spectrum Wealth Advisers closes its doors early

  • OnePath educates staff in mental health

  • FPA launches free health and wellbeing program for advisers

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Ground-breaking report into Indigenous financial exclusion - how we can do better

A research project providing a snapshot of Indigenous Australians’ financial behaviour and attitudes offers the finance industry guidance on how to do better for Australia’s First Nations.

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