Risk Regulatory Update
/Final steps of Royal Commission to be legislated
CFS to pay $20 million fine for misleading members
FASEA releases Code of Ethics Standard 3 for consultation
Risk Regulatory Update
/APRA to offer greater transparency in life and general insurance data
Life insurance code of practice up for public scrutiny
Advice industry opposes CSLR
FSC initiates consultation on occupational exclusions in MySuper insurance
Risk Regulatory Updates
/AIOFP and TSA join forces to create one association
Regulations for financial advisers tabled in parliament
FASEA being wound up
FASEA approves new degrees, releases November exam results
APRA takes action against Westpac over liquidity standards
ASIC: group insurance cover poorly designed
Risk Regulatory Updates
/FASEA releases draft amendments to Education Legislative Instrument
Economics Committee hearings for big banks on pandemic response
New adviser disciplinary body launch delayed
Risk Product, Company and Regulatory Updates as at 19 May 2020
/AIA Australia launches Medix medical service
Bravura rolls out automated advice platform in NZ
MLC launching new advice business, retires brands
CountPlus acquires Centenary Financial
FASEA extends exams for advisers, releases April exam results
Tailormade Financial Strategies has AFSL cancelled
Ausfunds Management AFS licence returned
Royal commission measures deferred for six months
Risk Company Update
/AZ NGA buys stake in Certe Wealth Protection
CBA divests CommSec Adviser Services
Fiducian buys Gippsland advice practice
Risk Regulatory Update
/Life insurance sector to be grilled in follow-on to Royal Commission
Fund Product, Company and Regulatory Updates as at 23 April 2019
/Vanguard launches ETF
CareSuper reduces administration fees with admin switch
Colonial First State drops fees across super and investments
First State Super brings advice in-house
One-stop-shop SMSF platform for accountants and planners launches
IOOF class action filed after Royal Commission evidence
CitiGroup to refund over $3m after sale of complex products
Super bills on hold
New legislation removes incentives for employers to choose super funds
AFA response to RC recommendations
/The AFA has responded to the Royal Commission, both to members and the public, regarding errors, misunderstandings, and areas of contention.
Read MoreRoyal Commission comes to a close
/The Royal Commission into the finance sector has come to a close, with Commissioner Haynes and his team having two months to prepare the final report for February 2019.
Read MoreRoyal Commission to focus on causes of poor conduct
/The seventh round of hearings for the Royal Commission into the finance industry will focus on the causes of misconduct, with the previous six hearings focusing on the misconduct itself.
Read MoreRoyal Commission not affecting consumer trust in advisers
/MetLife research into the impacts of the Royal Commission have found that consumers’ relationships with their advisers are not being adversely affected; in fact the opposite may be true.
Read MoreRoyal Commission update as at 15 September
/The latest updates from the Royal Commission into banking and finance industry misconduct.
Read MoreRoyal Commission update - insurers to appear, ASIC and APRA questioned
/The Royal Commission is delving into life insurance companies in the coming weeks, along with regulators.
Read MoreRisk Product, Company and Regulatory Updates as at 21 August 2018
/TAL to buy Suncorp's life business, Asteron Life
CFA introduces fintech and artificial intelligence to curriculum
AMP looking at 'opportunities' for life business
Royal Commission targets life insurance phone sales
/The Royal Commission has directed its gaze to poor phone sales tactics by life insurance companies, finding some good examples of bad behaviour.
Read MoreProduct, Company and Regulatory Updates as at 15 May 2018
/Zurich offers lifestyle program, updates Active product range and definitions
NAB to leave advice sector, divests wealth operations
ANZ to increase share buy-back, cuts sales incentives for advisors
CBA finds no evidence of compromised customer information
Mackellar’s AFS licence cancelled by ASIC
New International paraplanning standard launched in the UK
Recommendations submitted to the Royal Commission by ASIC and FPA
Class actions filed against AMP
Group life insurance offered as opt-in after Federal Budget
Fund People as at 8 May 2018
/AMP announces independent chairman, lodges submission
SSGA appoints new members to distribution team
AMIST appoints chair and director
Managed accounts expert appointed by Praemium
ING appoints new board member
WA Super appoints two general managers
New chair appointed by Vision Super
ISPT appoints new chair
AMP chairman steps down
Managing and executive directors of Blue Sky step down
FSU calls for extension of Royal Commission
/The Financial Services Union calls for the Royal Commission to be continued and expanded to other industries.
Read MoreRoyal Commission examining financial advice
/The Royal Commission will be investigating the financial advice industry during April.
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