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

Read More

Risk Product, Company and Regulatory Updates as at 16 April 2019

/

  • BT Protection Plan changes

  • Freedom Insurance selling admin and advisory business, goal to close its doors

  • Integrity Life announces product enhancements

  • Asteron Life extends wholesale commission discount offer

  • BT’s Cancer Assistance Program results

  • Bridges to buy Bendigo and Adelaide Bank advice business

  • SMSF Advisers Network with additional licence conditions imposed

  • AMP FP new AFSL conditions imposed

  • Update on CBA’s AFSL conditions

  • Victims of financial misconduct to have greater supports

  • ASIC can now intervene on problematic financial products

  • FPA calls for ‘general advice’ term to be dumped

Read More

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

/

  • Tasplan appoints MetLife as group insurer

  • AMP risk business closed after sale

  • New life insurance reporting standards launched

  • ClearView upgrades LifeSolutions

  • Asteron Life product update

  • TAL Accelerated Protection upgrades

  • MLC offering 10 per cent premium discounts via digital underwriting platform

  • ASIC inviting consultation on proposed licensee competence requirements

  • AFA and FPA apply for Code Monitoring job

Read More

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

Read More

Risk Product, Company and Regulatory Updates as at 22 August 2017

/

  • HUB24 white label expansion

  • CBA looking to divest CommInsure

  • Suncorp considers Asteron partnership

  • TAL definition backdated

  • AMP reinsurance agreement

  • New ethical advice certification available

  • ICA denies undermining crackdown on corporate misbehaviour

  • ANZ pays further compensation

  • CBA to refund credit insurance

  • AFA election bylaws changed

Read More

Risk Product, Company and Regulatory Updates as at 26 April 2017

/
  • CommInsure Total Care Plan Super product update
  • Asteron Life introducing discounts
  • Zurich launches new adviser app
  • New 'buy my clients' marketplace launched
  • Investment consortium buys majority stake in Focus Financial network
  • Parliamentary Committee says misconduct should be published
Read More

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
Read More