Product, Company and Regulatory Updates as at 15 May 2018

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  • 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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Risk People as at 15 May 2018

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  • Operating officer and advisory firm appointed by CountPlus

  • Victorian and Tasmanian 2018 NIBA award finalists revealed

  • Non-executive directors step down from AMP board

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

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  • 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

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  • 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

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  • 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

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  • 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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