ASIC alleges ‘utmost good faith breach’ in former ANZ adviser handling of life policy
OnePath Life has been taken to court by the regulator after allegations a policy obtained via a former ANZ financial adviser wasn’t handled in good faith due to failure to disclose previous history with mental health issues. The announcement comes on the same day ASIC and APRA released a joint letter asking life insurance policy providers to review their premium increases.
December 08, 2022
November adviser exam sees 57pc pass rate
Over half of candidates passed the November adviser exam, according to results released by ASIC.
December 08, 2022
PGIM appoints new head of distribution
PGIM Investments has appointed Matt Shafer as head of international distribution.
December 08, 2022
Ausbil CEO to retire
Ausbil CEO Ross Youngman will retire in the third quarter of 2023 after five years in the role.
December 08, 2022
Former Spirit Super chair appointed to TAL board
Naomi Edwards has been appointed to the board of life insurer TAL as an independent non-executive director.
December 08, 2022
CFS nabs Mather from BT
BT head of distribution Chris Mather has moved to CFS and will commence in the newly established role of executive director for new business.
December 08, 2022
‘You definitely need balance’: Perpetual’s Rob Adams reflects on working with star managers
Big personalities are both a gift and a curse in financial services, according to Perpetual chief Rob Adams. While big personalities are needed to help lead the business and make tough calls, their downfall often comes when they believe too much of their own hype.
December 07, 2022
ALRC should prioritise advice regulations: FPA
In its latest submission to the Australian Law Reform Commission’s (ALRC) Review of the Legislative Framework for Corporations and Financial Services Regulation, the Financial Planning Association has suggested financial advice regulations are prioritised for transitioning to the ALRC’s proposed structure of the legal requirements based on thematic rulebooks.
December 07, 2022
Anna Johnston: ‘Not every cyber attack will result in a data breach’
A recent legislative change has left Australia with the toughest fines for privacy breaches in the world. According to cybersecurity expert Anna Johnston, an important nuance differentiates what constitutes a privacy breach from a data breach or cyberattack.
December 07, 2022
LGT Crestone* and StepStone offering open-ended venture capital fund
LGT Crestone has partnered with StepStone Private Wealth to offer a new open-ended venture capital fund called the StepStone Private Venture and Growth Fund (SPRING).
December 07, 2022
Lazard appoints new chief market strategist
Lazard has appointed Ronald Temple as chief market strategist.
December 07, 2022
