Risk Regulatory Update

  • 2023 financial adviser exam dates released, latest exam results in

  • ASIC urges insurers to review claims payment systems

  • FPA and AFA seeking feedback on a new name, merger phase 2 in place

  • Regulatory concerns on premium increases

  • ASIC starts proceedings against OnePath Life for breaches of utmost good faith

  • New adviser registration requirement with ASIC

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Risk Regulatory Update

  • FPA updates Professional Code

  • ASIC industry funding model discussion paper released

  • Family violence exemptions for insurers

  • YFYS review begins

  • ASIC review of non-disclosure ‘fishing’ in TPD cover continues

  • Treasury releases Quality of Advice Review proposal

  • AFA and FPA discussing merger

  • 50% pass rate for July and August adviser exams

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Risk Regulatory Update

  • Select AFSL, BlueInc Services and Insurance Marketing Services in Federal Court for unconscionable conduct

  • Lanterne in ASIC proceedings for failing to meet AFSL obligations

  • TAA and ARA to merge

  • Mercer in court over fees for no service and fee disclosure

  • FPA releases video SoA toolkit

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