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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Risk Product, Company and Regulatory Updates as at 28 May 2019

Risk Product, Company and Regulatory Updates as at 28 May 2019
  • AIA product and service enhancements

  • Zurich opens self-service life, super and investment portal, life risk update

  • OnePath updates PDS and adviser guide

  • ANZ abandons Prime Access

  • YBR restructuring wealth arm, losing CEO

  • FASEA exam dates set for June, deadline missed for education approvals

  • ASIC seeks feedback on complaints handling

  • Kaplan Professional brings in Deloitte for FASEA bridging courses

  • AMP admits churning, ASIC seeking civil penalties

  • AFA and FPA band together for risk commissions

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Fund Product, Company and Regulatory Updates as at 9 April 2019

  • QB launches execution algorithm on ASX

  • IFM Investors opens European office

  • VicSuper and First State Super consider merger

  • NAB scraps 'introducer payments’

  • Christian Super launches Aboriginal and Torres Strait Islander reconciliation plan

  • Institutional Shareholder Services acquires Strategic Insight

  • New alternatives platform launch

  • New small caps boutique at Fidante Partners

  • Zurich closes international equities fund

  • Australian Super increases insurance premiums

  • Refundable franking credits removal fails committee approval

  • Budget relaxes super contribution rules for retirees

  • Product dashboards for MySuper products temporary disclosure-related relief extended

  • APRA’s new powers in the super realm

  • New laws for financial product design and distribution pass

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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 2 October 2018

  • Asteron Life Complete product changes

  • Zurich launches new adviser portal

  • MetLife Australia back in retail life business

  • ASIC taking civil action against ANZ

  • ASIC report finds unacceptable delays in reporting by institutions

  • Dover Financial Advisers and sole director taken to court

  • FASEA announces changes to qualification requirements for advisers

  • NAB and MLC facing class action over consumer credit insurance

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Product, Company and Regulatory Updates as at 15 May 2018

  • Zurich offers lifestyle program, updates Active product range and definitions

  • NAB to leave advice sector, divests wealth operations

  • ANZ to increase share buy-back, cuts sales incentives for advisors

  • CBA finds no evidence of compromised customer information

  • Mackellar’s AFS licence cancelled by ASIC

  • New International paraplanning standard launched in the UK

  • Recommendations submitted to the Royal Commission by ASIC and FPA

  • Class actions filed against AMP

  • Group life insurance offered as opt-in after Federal Budget

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Fund Product, Company and Regulatory Updates as at 27 March 2018

  • CommInsure launches super funds digital claims

  • Evolutionary science inspires new managed investment fund

  • Zurich retains OnePath brand and hires specialist

  • New boutique launched by LSL

  • Former Hunter Hall portfolio manager launches new business

  • Asset managers urged to adopt code of conduct

  • Fidante partners with Latigo Partners

  • ASIC extends superannuation and retirement calculator transition period

  • ASIC suspends Red Summit AFS licence

  • Storm Financial directors penalised

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Risk Product, Company and Regulatory Updates as at 6 March 2018

  • Macquarie offers OneCare
  • BTFG names expanded APL insurers
  • MTAA Super and MetLife from young members premiums
  • ANZ applies life insurance code
  • QBE sells operations to Zurich
  • TAL gender diversity recognised
  • CBL liquidators appointed
  • CBA lodges response to class action claims and amended AUSTRAC
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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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Risk Product, Company and Regulatory Updates as at 5 December

  • ANZ launches OneView mobile access
  • AMP launches LIF diagnostic tool
  • REST adapts new life insurance model
  • HESTA announces life insurance changes
  • New life insurer for Vision Super
  • Non-aligned advisers granted access to AMP assessment tool
  • Mental health focus expanded by TAL
  • BT supports external rehabilitation
  • AFA consumer magazine
  • Advice firm formed by Moneywise pair
  • Leadership academy launched by Zurich
  • PJC reporting date extended
  • NAB and ANZ cover investigation costs
  • Guidance for FSCP release
  • ASIC to appoint liquidator
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Risk Product, Company and Regulatory Updates as at 10 June 2017

  • Zurich updates life insurance suite
  • AMP improves adviser platform
  • MLC partners with international claims manager
  • AIA Australia pilot phase for new health insurance brand commences
  • Prime Financial buys another practice
  • Link Group buys automated advice company
  • New online platform for underwriting agencies and insurers
  • New international certification for life insurance and annuity professionals
  • ASIC releases commission caps and clawback instrument
  • Investment Advisers Alliance AFS licence cancelled
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