Risk Product Update
/Asendium announces two-way integration for real-time quotes
DASH launches Archer, an SoA tool
Risk Company Update
/Zurich to take on OnePath life insurance business
The Cyber Collective launches
AFCA user-pays funding model set for July 1
Risk Regulatory Update
/ASIC: AFSL closures mounting
ALRC releases background paper into legislation reform inquiry
ASIC responds to RI Advice Federal Court decision
ANZ sued by ASIC for overblown account balances and fees
Financy Women's Index: January 2022 - March 2022 - still 59 years to equality
/The latest index shows the pandemic made the playing field somewhat less skewed in unpaid work, driving the years until equality from 100 years to 59 years as men did more unpaid labour.
Read MoreRisk Product Update
/Optimo Pathfinder software updated for more time savings
Death preparation app launches
Insignia and MLC build digital claims service
Risk Regulatory Update
/Labor reiterates commitment to experience pathway for advisers
AFCA creates merit system for complaints, halves processing time
Changes to AFSL reporting of new adviser hires
RI Advice falls short on cyber risks
NAB enters EU with AUSTRAC after ‘possible non-compliance’
Research: Client and advisers having early connection key to longevity
/New research out of the US shows advisers should be catching ‘advice-seekers’ before the critical juncture that occurs about age 50 - and make a client before their wealth develops more substantially.
Read MoreResearch: data sharing trust is low with advice firms as we step into Open Banking
/New research into the consumer perspective of Open Banking has found low trust in data sharing with financial advisers, but a willingness to dive into the new banking landscape.
Read MoreRisk People Update
/Graham “Bear” Stevens passes away
Synchron farewells chair
Aviva CEO says sexism in finance is alive and well, even at top levels
White paper: trust within the adviser-client relationship
/A new white paper highlights the importance of trust within the adviser-client relationship.
Read MoreRisk Company Update
/OnePath seeking to transfer life insurance business to Zurich
Top platforms ranked by advisers
Risk Regulatory Update
/BT to pay $20m for charging commissions for seven extra years after banned
APRA suspends IP contract term requirement
2022 Quality of Advice Review issues paper published
FASEA: February adviser exam pass rate worst yet
CFS settles class action for $56m
Risk Company Update
/Scientiam launches advice solution
MLC Life partners with TelstraSuper
Survey: buying a house, getting life insurance and making a will - which generation did it sooner?
/A new survey looks at which generation completed which milestones sooner - and which generations are getting left behind.
Read MoreRisk Company Update
/iExtend launched for reluctant insurance cancellers
WT FG buys Synchron
Risk People Update
/TAL wins Life Company of the Year award
Risk Product Update
/NEOS and MLC build life product together
TAL launches masterclasses
Pilot study on holistic financial and psychological care for retiring people successful
/A pilot study has demonstrated that pre-retirement planning boosts advice adoption and financial literacy, with some key benefits highlighted. The South Australian study conducted by Allianz Retire+ and Macquarie University revealed that those participants who are post-work and preparing for retirement have increased levels of financial literacy, an increased likelihood of consulting a financial planner, and higher confidence in their retirement.
Data from Allianz Retire+ shows that just one in six people nearing retirement are engaging with financial advice. After the pilot, people were more willing to engage with advice, improving confidence.
The main study is across three years to track Australians over the age of 50 who are transitioning to retirement and will aim to improve the adjustment to retirement, decision-making, satisfaction and wellbeing. The model uses financial advice with career and health planning to optimise financial and psychological outcomes.
Advisers can get involved and earn CPD points
Risk Regulatory Update
/ASIC seeking feedback on Financial Services and Credit Panel
FPA calls for reduced complexity and greater support for advisers
Risk Company Update
/Zurich launches life insurance advice business
Ebony Rose joins Count Financial
PWG to merge with Nick Stretch Legal
Resolution Life to acquire AIA’s superannuation and investments arm
