Fund Product, Company and Regulatory Updates as at 22 May 2018

  • XTB Emerald Fixed Income Managed Portfolio launched, on HUB24

  • BlackRock confirms closure of five ETFs

  • PIMCO partners with financial tech firm

  • Australian Ethical ditches AMP investments

  • CareSuper partners with Mercer

  • Macquarie merging private wealth arms

  • ASIC and RBA introduce new BBSW calculation methodology

  • Wealth & Risk Management AFS licence cancelled

  • Intiger closes Sydney office

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Fund People as at 22 May 2018

  • Rest Super appoints senior analyst

  • Perpetual appoints new CEO

  • CBA announces acting CFO

  • PIMCO and Allianz seeking 50 new hires

  • FinTech Australia appoints new CEO

  • New Shadow Minister for Financial Services

  • Westpac appoints new group exec of customer and corporate relations

  • First State Super retiring

  • JP Morgan NZ resigns

  • Blue Sky director resigns

  • Young Leaders in Finance Award finalists announced

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Product, Company and Regulatory Updates as at 15 May 2018

  • Zurich offers lifestyle program, updates Active product range and definitions

  • NAB to leave advice sector, divests wealth operations

  • ANZ to increase share buy-back, cuts sales incentives for advisors

  • CBA finds no evidence of compromised customer information

  • Mackellar’s AFS licence cancelled by ASIC

  • New International paraplanning standard launched in the UK

  • Recommendations submitted to the Royal Commission by ASIC and FPA

  • Class actions filed against AMP

  • Group life insurance offered as opt-in after Federal Budget

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Fund Product, Company and Regulatory Updates as at 8 May 2018

  • Renewable energy investment fund launched

  • Active ETF to be launched by Fidelity

  • Lifecycle pension strategy launched by REI

  • Fixed income portfolio ESG launched by XTB

  • Active EFT to be launched by InvestSMART

  • BlackRock’s iShares ETFs restructured

  • ESG indices launched in J.P. Morgan and BlackRock collaboration

  • Acorns Australia renamed

  • CBA enters enforceable undertaking

  • ASIC welcome AFCA, board members named

  • ASIC cancels SMSF auditors’ registrations

  • First Super voting against AMP board

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Fund People as at 8 May 2018

  • AMP announces independent chairman, lodges submission

  • SSGA appoints new members to distribution team

  • AMIST appoints chair and director

  • Managed accounts expert appointed by Praemium

  • ING appoints new board member

  • WA Super appoints two general managers

  • New chair appointed by Vision Super

  • ISPT appoints new chair

  • AMP chairman steps down

  • Managing  and executive directors of Blue Sky step down

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Risk Product, Company and Regulatory Updates as at 1 May 2018

  • AMP adjusts product prices

  • ANZ OnePath adviser portal enhanced

  • Freedom to acquire life business

  • Boutique wealth manager signs to insurance offering

  • ASIC banning power increased

  • First Super supports action against AMP board

  • Class action against AMP to be investigated

  • AMP and banks advice failings may result in criminal charges

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