Risk Regulatory Update
/FASEA failures granted an extension
New group definition required for CBA advice class action
Economics Committee to hear from Insurance Council
ASIC fighting NAB on fee-for-no-service breaches
Risk People Update
/ClearView loses chief risk officer, IOOF gains head of investment governance
AFCA appoints GM of people and culture
Study: Men don't trust their partners to make good financial decisions, and other economic equality rumblings
/A new UBS report of HNW couples shows we’re still living in the 1950s when it comes to partners making financial decisions equally.
Read MoreLCCC reports on group cover in superannuation
/A recent LCCC report shows risk insurance claims during the pandemic were slower than usual and complaints were up.
Read MoreRisk Regulatory Update
/APRA: Insurer revenue declines by over 50% for first quarter of 2021
Risk People Update
/NEOS Life welcomes senior underwriter
Madison promotes GM
Pearce retires from Zurich, leaps into chair role
NAB appoints money laundering and reporting officer
MLC Life Insurance appoints chief claims officer
Risk Product Update
/BT insurance quoting and application software update
New time-saving SOA solution by Asendium
Risk Company Update
/Two new firms join Count Financial
CountPlus buys majority stake in paraplanning, admin and tech support company
IOOF completes acquisition of MLC Wealth from NAB
CBA announces digital banking focus
Risk Product Update
/AIA Australia update cover
TAL product updates
Risk Regulatory Update
/Actuaries Institute releases recommendations for IDII sector
ASIC acting against Equiti on conflicted remuneration allegations
‘FinTok’: advice provided by social media platform influencers unregulated
Westpac settles risk class action
Risk People Update
/Suncorp promotes CRO to group exec for culture
AMP Australia appoints MD of advice
AFCA chair steps down
Risk Regulatory Update
/FASEA announces underwhelming March exam results
Government: Advisers will not have to apply for a new licence for claims
Risk People Update
/MLC Life welcomes new GMs
Australian Unity Bank appoints CEO
ClearView Wealth welcomes head of life strategy and transformation
Risk Product Update
/Zurich updates product suite including pricing
MetLife product update
ClearView product updates
Changes to BT Protection Plans
HNWs change tune on advice
/Some new research has revealed that the pandemic has resulted in a 16 per cent hike in high net worth individuals’ interest in professional financial advice. But, uptake hasn’t increased.
Read MoreIOOF: The True Value of Advice report
/IOOF surveyed over 12,000 people to find the value (or lack thereof) consumers - both advised and unadvised - find in financial advice.
Read MoreRisk Regulatory Update
/Life industry developing new professional standards framework
Government combining advice reviews
IOOF licensees remediating clients for Bridges and RI Advice deficiencies
AFA wants self-reporting of breaches deferred
Report: the mammoth task of getting young people interested in life insurance
/Getting young people without kids and on lower incomes interested in life insurance has always been a challenge, but a new report examines ways to try to get millennials’ attention.
Read MoreFSC recommends dumping SoA and safe harbour steps in green paper
/The FSC is undertaking a consultation process with proposals to simplify the advice process by removing complex SoA documents and the extra complexity of safe harbour steps.
Read MoreRisk People Update
/MLC Life welcomes new executives
ClearView appoints head of business growth
