Risk Company Update
/CommInsure now belongs to AIA
Count buys ex-MLC advice businesses
Risk Company Updates
/CommInsure transition almost complete
Risk Product Updates
/AIA Australia launches trauma cover option, flags IP product launch
CommInsure updates medical definitions
Risk Product Updates
/OnePath enhances medical underwriting limit requirements, announces price changes
CommInsure indemnity IP claim calculation initiative extended
BT Protection Plan discounts extended
Risk Product, Company and Regulatory Updates as at 3 December 2019
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OnePath terminal medical condition feature broadened to policies outside super
Aberdeen rolling out ‘bionic’ advice to increase engagement
Aviva global restructure
CommInsure sentenced for hawking (and new gift voucher campaign)
ASIC report on compliance with advice fee disclosure
APRA intervention on disability income insurance
APRA consulting on proposed revisions to insurance in super
Degrees added to FASEA-approved courses list
Risk Product, Company and Regulatory Updates as at 19 November 2019
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World-first Indigenous digital educational tool launched for industry providers
Midwinter launches real-time insurance comparator
TAL’s launches diabetes-specific product and mental health tool for super funds
BT Life offering 25pc discount on BT Protection Plan lump sum policies
Perpetual buys Melbourne risk advice practice
CommInsure pleads guilty to hawking
Last-minute FASEA Code of Ethics changes
ASIC setting up adviser disciplinary body, exemption applied for compliance
Risk Product, Company and Regulatory Updates as at 4 November 2019
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LGIAsuper partners with Link Advice for planning services
CommInsure sale complete
ASIC takes RI Advice to task over rogue adviser
ASIC takes NAB companies to court
Lobbyist financial advisers’ association has 4,000 members
Fund Product, Company and Regulatory Updates as at 15 October 2019
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SuperBooster initiative launched for greater super engagement
Recreo announces the launch of cloud-based super admin platform
Milford AM launches open-ended fund
Dow Chemicals super fund and Equipsuper merged
AMP creates new entity after restructure, gets new bosses and a Shonky award
IOOF drops Perennial Value
CommInsure facing $1.8m in penalties for unsolicited sales calls
Economics Committee reviewing super sector
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
CommInsure product updates
/CommInsure’s latest cover modifications.
Read MoreRisk Product, Company and Regulatory Updates as at 18 April 2018
/TAL offers life coaching for those with mental illness
CommInsure enhances digital underwriting
Adviser education course launched by Asteron
AIA pushes for insurers to fund mental health treatment
MLC launched new underwriting engine
Predictive underwriting offered to tradies by ANZ
Commonwealth partners with Bravura
CBA enters into undertaking
Trustee Partners acquires advice group
AMP admits serious misconducts
AMP admits serious misconduct, misleading ASIC
CBA and subsidiaries enter into EU with ASIC
Risk Product, Company and Regulatory Updates as at 4 April 2018
/- CommInsure to rollout new underwriting engine and IP premium increase
- Fee waiver campaign extended by AIA
- Life Super Quotes Service launched by Riskinfo, RiskinfoNZ launched
New practice management platform flagged by AMP - New super fund addresses Australian account erosion
- Adviser builds new practice
- SMSF admin business sold by OneVue
- CBA to potentially sell Indonesian life business
- Lifecycle default option launched by Industry fund
- TAL to refund funeral insurance customers
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
Fund Company, Product and Regulatory Updates as at 16 January 2018
/- New ETF supporting workplace gender equality
- AustralianSuper removes insurance from product offering
- MTAA Super cuts life premiums and renews insurer
- Japanese broker enters Australian market
- CommInsure pays after concerns over misleading advertising
Risk Product, Company and Regulatory Updates as at 21 October 2017
/- CommInsure starts new annuity strategy
- MLC Life adjusts health and wellbeing program
- ANZ Wealth continuing to invest in insurance
- New claims advocacy service launched by AFRM
- Charitable option launched by AIA Vitality
- BTFG reorganises advice business
- Westpac faces Class Action over premiums
- ASIC enforceable undertaking from Sentinel
Risk Product, Company and Regulatory Updates as at 4 September 2017
/- CommInsure new platinum IP option
- AMP confirms closure of range
- AustralianSuper under-25’s default cover dropped
- Advisers provided with cancer education by TAL
- Influential advice business bought buy Infocus
- AIA to buy CommInsure
- AMP launches resource hub
- TAL offers policy fee waiver
- Digital claims tracker launched by MetLife
- WTW start-up chatbot launched
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
Risk Product, Company and Regulatory Updates as at 16 May 2017
/- CommInsure enhances underwriting
- AIA Australia - new term level premiums
- Zurich risk product updates
- AZ Next Gen acquires accounting firm
- Government creates one finance industry dispute resolution body
- Insurance claim data collection begins
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
Risk Product, Company and Regulatory Updates as at 4 April 2017
/- Elders adds another practice
- Franklin Templeton launches global online adviser training portal
- Evari: New digital insurance platform for SMEs
- Rebate Financial Services and Capstone Capital AFSL cancelled
- ASIC: CommInsure investigation results out
