Risk Product, Company and Regulatory Updates as at 22 January 2019

  • Adviser licensee joins forces with investment platform for innovation

  • FASEA updates on education standards

  • Westpac and BT still failed consumers, says court

  • Advanced Wealth Financial Services in court

  • HNW Planning has licence restrictions applied

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Fund Product, Company and Regulatory Updates as at 16 January 2019

  • VanEck reduces ETF fees

  • Strategic Insight (formerly Plan For Life) has been acquired

  • Verve Super launches supporting female financial security

  • Equip to take over superannuation for ex-Qantas catering employees

  • Insto investors get African index, finally

  • Halifax Investment Services AFS licence suspended

  • California first US state to mandate gender board diversity

  • ASIC releases consultation paper on fee and cost disclosure reform for managed funds

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Fund Product, Company and Regulatory Updates as at 27 November 2018

  • BetaShares launches first active fixed income ETF in Australia

  • UBS launches emerging markets equity fund

  • Vision Super divesting from thermal coal, tar sands, tobacco

  • Women’s Economic Security Statement 2018 released by government

  • ASIC extends relief for non-cash payment facilities

  • Exceptions made in Protecting Your Super reforms

  • UBS Securities pays $120,000 MDP infringement notice

  • Dampier Finance convicted and fined for failing to lodge financial statements

  • State One Stockbroking breaches cost company $500,000

  • ASIC now free to hire gun staff as needed

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Risk Product, Company and Regulatory Updates as at 20 November 2018

  • ANZ releases new underwriting engine

  • TAL product updates

  • Zurich and Oxford join income protection study

  • ClearView launches LaVista Licensee Solutions

  • ASIC now able to hire outside the box

  • FSC issues revised code draft

  • FASEA still working on details of education standards framework

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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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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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Risk Product, Company and Regulatory Updates as at 2 October 2018

  • Asteron Life Complete product changes

  • Zurich launches new adviser portal

  • MetLife Australia back in retail life business

  • ASIC taking civil action against ANZ

  • ASIC report finds unacceptable delays in reporting by institutions

  • Dover Financial Advisers and sole director taken to court

  • FASEA announces changes to qualification requirements for advisers

  • NAB and MLC facing class action over consumer credit insurance

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Fund Product, Company and Regulatory Updates as at 25 September 2018

  • Uni students running hedge fund

  • Class actions planned against retail super funds

  • IOOF sells AET

  • Combined Super to merge with Prime Super

  • ASIC commencing civil proceedings against ANZ

  • ASIC updates regulatory approvals for new products and ETFs of the Chi-X market

  • ASIC stops proposed initial coin offerings

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Risk Product, Company and Regulatory Updates as at 18 September 2018

  • AMP updates medical definitions

  • AIA Australia two year policy fee waiver offer

  • OnePath premium waivers for drought-affected farmers

  • New fintech to replace paraplanners launched

  • Junior financial adviser roles at BT to go, advice restructure

  • Morgan Stanley false claims of independence

  • ASIC commences proceedings against NULIS and MLC

  • AFCA complaints resolution rules, independent assessor terms approved

  • FASEA shutting down so-called FASEA-approved courses

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Fund Product, Company and Regulatory Updates as at 10 September 2018

  • Vanguard rolls out suite of ESG funds

  • Nikko launches global disruption fund

  • Funds SA securities servicing contract up for tender

  • Blockchain smart contracts for business soon to be a reality

  • Pension age increase on hold

  • UniSuper cuts administration fees

  • BNP Paribas launches new Australian equities trust

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Risk Product, Company and Regulatory Updates as at 4 September 2018

  • Yellow Brick Road rejects takeover bid

  • TAL launches youth mental health initiative, waives premiums for farmers

  • BT guaranteeing premium rates for two years

  • MetLife launches digital claims platform with industry super fund

  • OneCare insurance suite added to HUB24

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Fund Product, Company and Regulatory Updates as at 28 August 2018

  • UBS joins Climate Bonds Initiative Partners Programme

  • OneVue, Mercer and Nextplan with new private label offering

  • BetaShares to launch three new ETFs

  • JP Morgan fund to remove tobacco, reduces fees

  • Charter Hall buy Folkestone

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Risk Product, Company and Regulatory Updates as at 8 August 2018

  • AIA Australia increasing discounts

  • TAL-owned Affinia extends advice offering into licensee services

  • Level premium policy replacement at BT

  • Media Super reappoints Hannover Life Re, drops premiums

  • FSC code of practice to cover super trustees too

  • Digital advice company and retiree advice platform merge

  • MLC to refund $65m, NULIS before royal commission

  • ASIC announces professional standards reform for advisers

  • AMP fast-forwards advice remediation

  • Advisory businesses to be publicly rated

  • NAB slammed at Royal Commission for 'hopelessly conflicted' compensation situation

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