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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Risk Product, Company and Regulatory Updates as at 14 May 2019

Risk Product, Company and Regulatory Updates as at 14 May 2019
  • AIA Australia discounts lump sum policies

  • OnePath announces adviser portal improvements

  • Integrity Life announces product enhancements

  • Asteron Life exiting stage left

  • Life Code Compliance Committee (LCCC): still work to do

  • Australasia Wealth Services and Management licence suspended

  • Westpac paying back over 30 per cent of fees-for-no-service

  • APRA sends letter, demands action from disability income providers

  • FSC says no to civil penalties for voluntary industry code

  • Adviser AFS licences revoked due to dual authorisation with other licensee

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Fund People as at 9 April 2019

  • Pinnacle welcomes new head of retail, marketing director, director of listed products

  • QIC appoints new chair

  • Ernst & Young appoint super and insurance expert as partner

  • Mine Super appoints new CIO

  • J.P. Morgan welcomes new CEO

  • AMP Capital appoints new local real estate head

  • Future Fund creates new deputy CIO role

  • Rice Warner changes to leadership team

  • New head of Australasia at Blackrock

  • FSC welcomes new board members

  • Sunsuper welcomes AustSafe Super’s CEO in new role after merger

  • Aberdeen loses head of fixed income

  • BUSSQ puts long-standing CIO ‘on leave’

  • IOOF loses MD in Royal Commission take-down

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Risk Product, Company and Regulatory Updates as at 20 November 2018

  • ANZ releases new underwriting engine

  • TAL product updates

  • Zurich and Oxford join income protection study

  • ClearView launches LaVista Licensee Solutions

  • ASIC now able to hire outside the box

  • FSC issues revised code draft

  • FASEA still working on details of education standards framework

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Risk Product, Company and Regulatory Updates as at 8 August 2018

  • AIA Australia increasing discounts

  • TAL-owned Affinia extends advice offering into licensee services

  • Level premium policy replacement at BT

  • Media Super reappoints Hannover Life Re, drops premiums

  • FSC code of practice to cover super trustees too

  • Digital advice company and retiree advice platform merge

  • MLC to refund $65m, NULIS before royal commission

  • ASIC announces professional standards reform for advisers

  • AMP fast-forwards advice remediation

  • Advisory businesses to be publicly rated

  • NAB slammed at Royal Commission for 'hopelessly conflicted' compensation situation

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Fund People as at 27 March 2018

  • AustralianSuper appoints new head of investments
  • Mercer appoints superannuation head
  • FSC appoints deputy chair and director
  • NGS appoints investment officer
  • Fidelity appoints new head
  • IOOF appoints research head
  • Perennial appoints investment specialist
  • Trustee of the Year winner announced
  • 2018 Green Bond Pioneer Award winners announced
  • 2018 Rockstar of the Year award winners announced
  • CBA makes changes to executive team
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Fund People as at 13 February 2018

  • BlackRock appoints financial institutions head
  • Westpac appoints board member
  • JBWere alumnus joins Koda Capital
  • Sales lead appointed by Perennial
  • New chair appointed by FSC
  • Fidante appoints new head
  • Zurich appoints new head
  • Lazard chief steps down
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Risk Product, Company and Regulatory Updates as at 6 February 2018

  • AIA Australia's cancer wellness program launched, policy fees waived
  • MBS Insurance joint venture
  • Advice firm offers life insurance
  • Online Australian consumer brand offering life insurance
  • Global alliance formed by insurtech associations
  • OnePath Life purchased by Zurich
  • Integrity Life moves into retail
  • Electronic medical certificates adopted by BT
  • Medical specialist board created by TAL
  • Commonwealth Bank planning licence conditions update
  • Propositions to give ASIC power to ban products
  • ASIC reviews insurance advice
  • FSC requiring three insurers on APLs
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Fund Product, Company and Regulatory Updates as at 31 July

  • Plum Super starts retirement product
  • New super product launched by fintech company
  • Retirement savings research centre launched
  • Hamilton Lane enters Australian market
  • VicSuper launches new online financial advice coach
  • NAB sells JANA stake
  • Industry fund offering retirement income incentive
  • Ignition Wealth announces SMSF suitability tool
  • Vertium launches retirement income fund
  • Fintech partnering for Melbourne hub
  • Bannister Law to file class action against Dick Smith
  • Court orders wind up of 18 companies
  • ASIC for intercept powers
  • FSC announces stewardship code
  • Abu Dhabi and Australia fintech agreement
  • MyState refund of overcharged fees and interest
  • Financial Choice pays penalties
  • ASIC accepts enforceable undertaking from Avalon
  • Suncorp's Tower takeover denied
  • Sunsuper and Kinetic Super merger
  • Super changes bill released
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Risk Product, Company and Regulatory Updates as at 10 July 2017

  • Easton to acquire advice group
  • AIA launches health website
  • Fortnum partnering with fintech company
  • Optimo launches automated advice platform
  • MLC partners on underwriting solution
  • FSC finalised trauma definition
  • ASIC further clarifies use of 'independent'
  • Call for commission ban
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Risk Product, Company and Regulatory Updates as at 18 April 2017

  • Asteron Life product update
  • AMP updates prices for Elevate, AMP FLP, National Mutual, ACL, Elevate product groups
  • FPA announces alliance to get more women into finance
  • OnePath is for sale, sort of
  • Coles exits life market
  • Fiducian expands advice business
  • FSC releases draft standard for APLs (and Strategic Insight provides Life Insurance approved product list research)
  • ASIC considers peer-reviewed bannings for adviser misconduct
  • ASIC scrutinising direct sales tactics
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