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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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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