Risk Product, Company and Regulatory Updates as at 11 February 2020

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Risk Product, Company and Regulatory Updates as at 11 February 2020

  • FPA partners with Deakin University, launches pro bono support for bushfires

  • AMP adds insurers to MyNorth platform

  • Algorithms and artificial intelligence collide with ‘bionic’ advice

  • OneVue takes over Madison Financial Group

  • ClearView halts agreed value IP policies

  • New class action launched against AMP over adviser actions

  • ASIC update on financial advice-related misconduct and compensation

  • New class action launched against AMP over adviser actions

  • ASIC update on financial advice-related misconduct and compensation

  • Class action launched against CFS

  • Westpac facing class action over money laundering

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Risk Product, Company and Regulatory Updates as at 17 December 2019

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Risk Product, Company and Regulatory Updates as at 17 December 2019

  • 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

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Risk Product, Company and Regulatory Updates as at 3 December 2019

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Risk Product, Company and Regulatory Updates as at 3 December 2019

  • 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

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Risk Product, Company and Regulatory Updates as at 19 November 2019

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Risk Product, Company and Regulatory Updates as at 19 November 2019

  • 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

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Risk Product, Company and Regulatory Updates as at 22 October 2019

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Risk Product, Company and Regulatory Updates as at 22 October 2019

  • 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

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Risk Product, Company and Regulatory Updates as at 20 August 2019

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Risk Product, Company and Regulatory Updates as at 20 August 2019

  • 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

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