Risk Company Update
/OnePath seeking to transfer life insurance business to Zurich
Top platforms ranked by advisers
Fund Regulatory Update
/ACSI ESG governance standards updated
ASIC cancels AFSL of Premier Wealth Management
ASIC sues OnePath after fees for no service
AMP enters enforceable undertaking with APRA
Risk Product Update
/Gallagher Re launches Automated Insurance Analytics
Zurich and OnePath changes
Risk Company Update
/AFA Foundation partners with two insurers
Westpac sells life insurance business
Risk Regulatory Update
/OnePath incurs penalties for direct sales insurance practices
AFA says APRA, ASIC, using undermining language
ASIC finalises investigation into AMP FP fee-for-no-service
ASIC’s adviser reference checking obligations published
Consultation open for hawking reforms for financial products
Fund Company Updates
/Spaceship appoints new trustee
Catholic Super appoints new group insurer, considers merger
Risk People Updates
/Westpac appoints board member and operations chief
AMP appoints two new heads of risk and acting chief
Zurich integrates with OnePath, changes leadership
MLC Wealth appoints chief risk officer
Fund Product, Company and Regulatory Updates as at 24 December 2019 - 7 January 2020
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TPT Wealth launches new platform for digital services
BetaShares launches new diversified ETFs
Iress buys blockchain comms platform
Halifax Investment Services AFS licence further suspended
Second consultation package for Superannuation Data Transformation released
Pershing Securities charged with breaching client money obligations
HESTA pushing for simpler super splitting
APRA approves IOOF to hold controlling stake in OnePath Custodians
Avanteos with extra licence conditions after charging fees to dead members
Risk Product, Company and Regulatory Updates as at 17 December 2019
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AMP introducing annual advice agreements for ongoing advice
MLC Life switched for OnePath by Qantas Super
Madison Financial Group rebranding to Sargon Adviser Services
Standford Brown buys World Square FS
ASIC files proceedings against TAL for IP claim handling
APRA: IOOF acquisition of OnePath Pensions and Investments approved
Westpac update
New elder abuse register
ASIC banning life insurance cold calling
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 People as at 3 December 2019
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Elders head resigns
Westpac losing CEO
OnePath wins Trailblazer award for claims technology
Risk Product, Company and Regulatory Updates as at 22 October 2019
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Digital advice firm drops two robo-advice tools
IOOF buying OnePath at discounted price
Myonlineadvisers closes its doors after advisers leave
Grandfathered commissions bill passes into law
Colonial First State facing two class actions in a week
FASEA clarifies code of ethics
Westpac class action launched
ANZIIF and LIPSWG establish professional standards framework
Risk Product, Company and Regulatory Updates as at 20 August 2019
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OnePath OneView Life update
AMP FPA to contest changes to AMP’s Buyer of Last Resort terms
CBA closing Financial Wisdom
AMP revises agreement with Resolution Life for sale of AMP Life
MLC Wealth restructure
MBS Insurance and Complete Risk Analysis to merge
APRA fines Westpac for reporting obligation breaches
FASEA exam update
Risk Product, Company and Regulatory Updates as at 23 July 2019
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Integrity Life wins digital design award
AFA launches paraplanner community
Golden Financial Group AFSL cancelled
OnePath penalised for failing to stop selling non-compliant product
ASIC seeks ban on direct life insurance sales
APRA criticised in new report
ASIC seeks ban on direct life insurance sales
FASEA to partially recognise accountant qualification
Risk Product, Company and Regulatory Updates as at 9 July 2019
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NEOS Life enhances risk-only superannuation product
AMP adds functionality to My AMP
OnePath updates trauma definitions, underwriting engine
MLC Super changing TPD claim assessments for Any Occupation
First FASEA exams completed
APRA: financial institutions to register an ‘accountable person’
AWSM has AFSL cancelled
Risk Product, Company and Regulatory Updates as at 25 June 2019
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OnePath trauma definition update
Zurich launches wellness program
AFA and MetLife launch grant program for female advisers
FASEA approves diplomas, bridging programs
CFP completes EU
ASIC approves AFCA rules for small businesses and consumers for old complaints
Update on AFA and FPA task force
Guarded loses key person and then AFSL
Risk Product, Company and Regulatory Updates as at 11 June 2019
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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
Risk Product, Company and Regulatory Updates as at 28 May 2019
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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
Risk Product, Company and Regulatory Updates as at 14 May 2019
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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
Risk Product, Company and Regulatory Updates as at 18 September 2018
/AMP updates medical definitions
AIA Australia two year policy fee waiver offer
OnePath premium waivers for drought-affected farmers
New fintech to replace paraplanners launched
Junior financial adviser roles at BT to go, advice restructure
Morgan Stanley false claims of independence
ASIC commences proceedings against NULIS and MLC
AFCA complaints resolution rules, independent assessor terms approved
FASEA shutting down so-called FASEA-approved courses
