Note from the Editor

CONTENTS

LIFE AND SUPERANNUATION CASES

FCA sets out road map for utmost good faith compliance in non-disclosure/misrepresentation investigations
Australian Securities and Investments Commission v TAL Life Limited (No 2) (FCA 2021)

HCA delivers key decision – financial product advice given to fund members was personal advice under the Corporations Act
Westpac Securities Administration Ltd & Anor v Australian Securities and Investments Commission (HCA 2021)

NSWCA confirms flexible approach to TPD qualifying periods based on wording of TPD definition
Onepath Life Ltd v Standley (NSWCA 2021)

AFCA interprets ‘usual occupation’ to include two unrelated occupations for the purposes of assessing income protection benefits
AFCA Determination 717312

AFCA upholds trustee’s decision to distribute death benefit to de facto partner over competing claims
Case 699515

PRODUCT / REGULATORY

APRA progresses Prudential Standard 250 governing insurance in superannuation

Sustainability of Insurance in Superannuation…APRA warns group insurance player

Default group life insurance and member value for money – Key findings in ASIC Report 675

ASIC plans to extend its consumer remediation guidance to all AFS licensees