The 'Effects' tab (where I'd usually go to find lens flare effects) has lost a whole lot of effects in a recent update?
I can't find the selection of 'Lens Flare' options..... and I use those a lot.
I did find a way in Colour Director, but this is hugely clumsy and doesn't allow to fade the effect in if you've split the video track and just want to bring a flare in gently.
EDIT: After contacting Cyberlink - who said something about these effects being moved to "Streamline the project workflow" (?) , they advised that I should revert back to a previous version.
So I have.
2 updates back and the Lens Flare / Light Leak / Movie effect etc etc are all now available.
I'm not sure I'll do any new updates until these are back and simple to find.