Fund Product, Company and Regulatory Updates as at 13 November 2018

  • CBA divestments

  • Vision Super lowers admin and investment fees

  • Mercer and Kogan partner for a new super fund

  • Nikko closes two Australian equity funds

  • Financial Circle to pay $9m in fines for loan scheme

  • Westpac to pay $3.3m for BBSW saga

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Risk Product, Company and Regulatory Updates as at 6 November 2018

  • Tasplan appoints MetLife as group insurer

  • AMP risk business closed after sale

  • New life insurance reporting standards launched

  • ClearView upgrades LifeSolutions

  • Asteron Life product update

  • TAL Accelerated Protection upgrades

  • MLC offering 10 per cent premium discounts via digital underwriting platform

  • ASIC inviting consultation on proposed licensee competence requirements

  • AFA and FPA apply for Code Monitoring job

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Fund People Updates as at 30 October 2018

  • CBA appoints new CFO

  • AMP Superannuation Trustees board welcome two new directors

  • Australian Unity appoints research head for advice business

  • Challenger appoints new CEO

  • Nikko appoints new director

  • Perpetual loses distribution head to Neuberger Berman

  • JP Morgan AM builds on distribution team

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Risk Product, Company and Regulatory Updates as at 23 October 2018

  • TAL adviser centre launch, minor changes to product structure and pricing

  • ASIC’s inspectors in big banks

  • CBA fees for no service EU update

  • Raiz Invest and Swiss Re partner up to launch group insurance products

  • Electronic advice register launch

  • BT updates quote and application software, announces policy fee waiver

  • Corporations Act sections of FASEA exams to be open book

  • Banks removing trail commissions and grandfathered payments

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Fund Product, Company and Regulatory Updates as at 9 October 2018

  • Fidelity launches global emerging markets ETF

  • AMP cans SMSF lending, divests $440m from tobacco

  • Tobacco exclusion indices launched by MSCI

  • Bill introduced for revealing target markets of financial products

  • SMSF lending proposal from ASIC

  • New fintech agreements signed between Australia and US, Luxembourg

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