Risk Product, Company and Regulatory Updates as at 11 June 2019

Risk Product, Company and Regulatory Updates as at 11 June 2019
  • TAL launches Health Sense Plus

  • ClearView publishes research paper on commissions

  • Zurich is now the proud owner of OnePath Life

  • Spectrum Wealth Advisers closes its doors early

  • OnePath educates staff in mental health

  • FPA launches free health and wellbeing program for advisers

Read More

Fund Product, Company and Regulatory Updates as at 4 June 2019

Fund Product, Company and Regulatory Updates as at 4 June 2019
  • Perennial launches active ETF with an ESG strategy

  • Legg Mason launches new ‘deeper green’ ESG fund

  • Moelis Australia launches insto credit fund on the ASX

  • BetaShares launches Indian ETF

  • SSGA to launch ETF model portfolios

  • Alleron IM relaunching brand

  • MLC Life appointed group insurer by Maritime Super

  • Cartel class action launched against major institutional investors

  • Natixis joins Future Females in Finance

  • Sunsuper integrates CBH Super in another merger

  • Blue Sky placed into receivership

  • NAB sells Ausmaq to German group

  • APRA zeroing in on IOOF group companies

  • Aurora fund takeover bid fails

  • Macquarie Securities pays $300,000 penalty

Read More

Ground-breaking report into Indigenous financial exclusion - how we can do better

A research project providing a snapshot of Indigenous Australians’ financial behaviour and attitudes offers the finance industry guidance on how to do better for Australia’s First Nations.

Read More

Risk Product, Company and Regulatory Updates as at 28 May 2019

Risk Product, Company and Regulatory Updates as at 28 May 2019
  • AIA product and service enhancements

  • Zurich opens self-service life, super and investment portal, life risk update

  • OnePath updates PDS and adviser guide

  • ANZ abandons Prime Access

  • YBR restructuring wealth arm, losing CEO

  • FASEA exam dates set for June, deadline missed for education approvals

  • ASIC seeks feedback on complaints handling

  • Kaplan Professional brings in Deloitte for FASEA bridging courses

  • AMP admits churning, ASIC seeking civil penalties

  • AFA and FPA band together for risk commissions

Read More

ESG Update as at 28 May 2019

ESG Update as at 28 May 2019
  • Future Fund ditches male-only boards as investment companies

  • APRA says soon there’ll be no such thing as ‘sustainable’ finance - it’ll all be green

  • Australian Ethical campaigning against gambling investments in super

  • Christchurch Call gains traction

  • Ethics Centre launching FASEA-approved financial adviser course

Read More

Risk Product, Company and Regulatory Updates as at 14 May 2019

Risk Product, Company and Regulatory Updates as at 14 May 2019
  • AIA Australia discounts lump sum policies

  • OnePath announces adviser portal improvements

  • Integrity Life announces product enhancements

  • Asteron Life exiting stage left

  • Life Code Compliance Committee (LCCC): still work to do

  • Australasia Wealth Services and Management licence suspended

  • Westpac paying back over 30 per cent of fees-for-no-service

  • APRA sends letter, demands action from disability income providers

  • FSC says no to civil penalties for voluntary industry code

  • Adviser AFS licences revoked due to dual authorisation with other licensee

Read More

ESG Update as at 7 May 2019

ESG Update as at 7 May 2019
  • APRA reviewing ESG matters

  • AMP compiles 10 ESG issues on investor agendas

  • Sand: the environmental catastrophe you missed

  • Is the renewables market busting?

  • Westpac going 100 per cent renewable by 2025

  • Cannabis - an update on regulatory trends and industry developments

  • Renewables supplied 77 per cent of Germany’s electricity on Easter Monday

  • Brunei punishing gay sex, infidelity, with stoning and whipping

Read More

Fund Product, Company and Regulatory Updates as at 7 May 2019

Fund Product, Company and Regulatory Updates as at 7 May 2019
  • CFS removes nine undesirables, adds three new index funds

  • Tribeca partners with advisory firm to launch new Asian Credit fund

  • Equipsuper and Catholic Super to merge

  • Netwealth opens new office, makes new appointments

  • Superannuation startup relaunching

  • IOOF fails to meet APRA’s deadline

  • ASIC appoints receivers to Berndale Capital Securities

  • APRA review looks at insurance in super

  • AIST wants AFCA to name and shame super funds

Read More

Australian and Global ESG Update as at 23 April 2019

  • CSIRO invites public discussion on AI ethics

  • Australians top ‘most responsible asset allocator’ list

  • NZ Super divests weapons

  • State Street calls for Australian board annual elections for all directors

  • Norway restricts coal investments while opening up renewables

  • $1bn green infrastructure investment boost in Southeast Asia

  • Exxon shareholders not allowed to vote on climate resolution

  • Socially responsible investments hit US$30 trillion

Read More

Fund Product, Company and Regulatory Updates as at 23 April 2019

  • Vanguard launches ETF

  • CareSuper reduces administration fees with admin switch

  • Colonial First State drops fees across super and investments

  • First State Super brings advice in-house

  • One-stop-shop SMSF platform for accountants and planners launches

  • IOOF class action filed after Royal Commission evidence

  • CitiGroup to refund over $3m after sale of complex products

  • Super bills on hold

  • New legislation removes incentives for employers to choose super funds

Read More