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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Fund Product, Company and Regulatory Updates as at 31 July 2018

  • HUB24 launches low-cost option for newbies

  • BTFG introduces new fee structure for BT Panorama, launching online hub

  • Catholic Super switches investment consultant

  • New super fund launched for millennials

  • ASIC approves banking code of practice

  • ASIC updates funds management industry guidance

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Fund Product, Company and Regulatory Updates as at 17 July 2018

  • QSuper reduces admin fees

  • Westpac terminates SMSF loans

  • Sunsuper and AustSafe Super sign merger agreement

  • Prime Super and Combined Super talking of a merge

  • ASIC investigating Linchpin Capital Group and Endeavour Securities (Australia)

  • ASIC accepts EU from Goldman Sachs Australia

  • ASIC accepts EUs from CBA and ANZ regarding superannuation product distribution

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Risk Product, Company and Regulatory Updates as at 9 July 2018

  • AstuteWheel: new digital tool providing SoA's in an hour

  • Integrity Life to launch retail suite in October

  • Macquarie quits grandfathered commission

  • HSBC exits financial advice, closing its financial advice doors

  • ASIC vs. Refocus Financial Group

  • AMP FP facing civil penalties for alleged failures in insurance advice

  • ASIC pursuing advice firms misusing term 'independent'

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Fund Product, Company and Regulatory Updates as at 5 June 2018

  • Magellan and Airlie launch retail Aus equities fund

  • Citi launches currency product for HNW clients

  • Spaceship launches two funds

  • Pengana to buy into HNW credit firm

  • Decentralised Capital launches in Australia

  • New investment boutique launch by Pinnacle

  • ANZ,  Deutsche and Citigroup facing cartel allegations

  • BBY, BBY Advisory and SmarTrader AFS licences suspended

  • CBA and AUSTRAC enter agreement

  • Water Infrastructure Criteria launched

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

  • TAL offers life coaching for those with mental illness

  • CommInsure enhances digital underwriting

  • Adviser education course launched by Asteron

  • AIA pushes for insurers to fund mental health treatment

  • MLC launched new underwriting engine

  • Predictive underwriting offered to tradies by ANZ

  • Commonwealth partners with Bravura

  • CBA enters into undertaking

  • Trustee Partners acquires advice group

  • AMP admits serious misconducts

  • AMP admits serious misconduct, misleading ASIC

  • CBA and subsidiaries enter into EU with ASIC

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Fund Product, Company and regulatory Updates as at 18 April 2018

  • FirstWrap adds CFSGAM model portfolio
  • Equities strategy launched by active manager
  • Global ESG bond fund launched by Dimensional
  • Sunsuper slashes premiums, signs super code
  • ESG global equities fund unveiled by Natixis
  • Two active ETFs launched by Vanguard
  • Crypto-heavy fund launched by DigitalX
  • Digital advice compliance business acquired by IRESS
  • Pathway sold by Netwealth
  • Digital community to be created by OneVue via acquisition
  • Australian asset manager to rebrand
  • Nationwide Super cuts fees, joins Russell alliance
  • CFSGAM strategic review outcome
  • ASIC more than doubles fees
  • AUSTRAC regulates cryptocurrency service providers
  • British and Australian fintech cooperation strengthens
  • Octani’s AFS licence cancelled
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Risk Product, Company and Regulatory Updates as at 4 April 2018

  • CommInsure to rollout new underwriting engine and IP premium increase
  • Fee waiver campaign extended by AIA
  • Life Super Quotes Service launched by Riskinfo, RiskinfoNZ launched
    New practice management platform flagged by AMP
  • New super fund addresses Australian account erosion
  • Adviser builds new practice
  • SMSF admin business sold by OneVue
  • CBA to potentially sell Indonesian life business
  • Lifecycle default option launched by Industry fund
  • TAL to refund funeral insurance customers
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Fund Product, Company and Regulatory Updates as at 27 March 2018

  • CommInsure launches super funds digital claims

  • Evolutionary science inspires new managed investment fund

  • Zurich retains OnePath brand and hires specialist

  • New boutique launched by LSL

  • Former Hunter Hall portfolio manager launches new business

  • Asset managers urged to adopt code of conduct

  • Fidante partners with Latigo Partners

  • ASIC extends superannuation and retirement calculator transition period

  • ASIC suspends Red Summit AFS licence

  • Storm Financial directors penalised

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Fund People as at 27 March 2018

  • AustralianSuper appoints new head of investments
  • Mercer appoints superannuation head
  • FSC appoints deputy chair and director
  • NGS appoints investment officer
  • Fidelity appoints new head
  • IOOF appoints research head
  • Perennial appoints investment specialist
  • Trustee of the Year winner announced
  • 2018 Green Bond Pioneer Award winners announced
  • 2018 Rockstar of the Year award winners announced
  • CBA makes changes to executive team
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