Fund Product, Company and Regulatory Updates as at 15 October 2019

Fund Product, Company and Regulatory Updates as at 15 October 2019
  • SuperBooster initiative launched for greater super engagement

  • Recreo announces the launch of cloud-based super admin platform

  • Milford AM launches open-ended fund

  • Dow Chemicals super fund and Equipsuper merged

  • AMP creates new entity after restructure, gets new bosses and a Shonky award

  • IOOF drops Perennial Value

  • CommInsure facing $1.8m in penalties for unsolicited sales calls

  • Economics Committee reviewing super sector

Read More

Risk Product, Company and Regulatory Updates as at 20 August 2019

Risk Product, Company and Regulatory Updates as at 20 August 2019
  • OnePath OneView Life update

  • AMP FPA to contest changes to AMP’s Buyer of Last Resort terms

  • CBA closing Financial Wisdom

  • AMP revises agreement with Resolution Life for sale of AMP Life

  • MLC Wealth restructure

  • MBS Insurance and Complete Risk Analysis to merge

  • APRA fines Westpac for reporting obligation breaches

  • FASEA exam update

Read More

Fund Product, Company and Regulatory Updates as at 13 August 2019

Fund Product, Company and Regulatory Updates as at 13 August 2019
  • Updated MyNorth retirement modelling tool launched

  • Tomorrow Super launching shortly

  • BlackRock and VicSuper partner up for ESG-focused global bond index fund

  • Rest Super brings investments arm in-house

  • WTW buys specialist mergers and acquisitions broker

  • Finclear Execution fined $70k

Read More

Risk Product, Company and Regulatory Updates as at 6 August 2019

Risk Product, Company and Regulatory Updates as at 6 August 2019
  • IRESS improves Xplan

  • FPA CPD platform launch

  • CountPlus shareholders in favour of acquiring Count Financial

  • CBA approved to divest CFSGAM

  • APRA stakeholder survey shows regulator favour dropping

  • NAB document leak

  • MLC adviser fee class action plans

  • ASIC suing ANZ over periodical fee payments

  • FASEA exam update

  • Grandfathering commissions proposed ban date 1 January 2021

Read More

Fund Product, Company and Regulatory Updates as at 30 July 2019

Fund Product, Company and Regulatory Updates as at 30 July 2019
  • Russell Investments enters managed accounts space

  • HUB24 announces multi-currency functionality for IMs

  • Pinnacle IM set to launch zero(ish)-fee ETF

  • BetaShares launches FTSE 100 ETF

  • Cooper Investors launches equities fund

  • LGIAsuper switches out WTW for JANA as asset consultant

  • First State Super and VicSuper planning merger

Read More

Risk Product, Company and Regulatory Updates as at 23 July 2019

Risk Product, Company and Regulatory Updates as at 23 July 2019
  • Integrity Life wins digital design award

  • AFA launches paraplanner community

  • Golden Financial Group AFSL cancelled

  • OnePath penalised for failing to stop selling non-compliant product

  • ASIC seeks ban on direct life insurance sales

  • APRA criticised in new report

  • ASIC seeks ban on direct life insurance sales

  • FASEA to partially recognise accountant qualification

Read More

ESG Update as at 16 July 2019

ESG Update as at 16 July 2019
  • Vision Super joins investors in calling out Amazon on human rights

  • Christian Super launches two new ethical options

  • FTSE Russell launches new climate risk government bond index

  • Global emissions targets - Australia shamefully not even on list

  • Philip Morris ‘attempting to normalise tobacco use’ with new heating methods

  • RIAA data shows responsible investments consistently outperform

  • List fund managers scoring low on disclosing ESG factors

Read More