Risk Product, Company, and Regulatory Updates as at 18 October 2016

Product Updates

TAL offering recipes, healthy lifestyle info
TAL has expanded its Health Sense program so it now includes healthy recipes and lifestyle tips for clients. TAL has joined forces with chef, nutritionist, author and fitness trainer Teresa Cutter to provide content. 

Company Updates

AMP launches new advice practice
AMP has set up a new advisory company called AMP Advice, with eleven branded practices throughout Australia already, and expectations of more before the end of the year. Part of the advice process will be goal setting using Goal Explorer software. 

NAB and Nippon Life close deal
NAB's life insurance arm sale to Nippon Life has been finalised, with the deal worth $2.4 billion. NAB has retained a 20 per cent shareholding, with Nippon holding 80 per cent of the shares in MLC. Nippon Life is licensed to use the MLC brand for a decade.