Risk Product, Company and Regulatory Updates as at 16 April 2019

  • BT Protection Plan changes

  • Freedom Insurance selling admin and advisory business, goal to close its doors

  • Integrity Life announces product enhancements

  • Asteron Life extends wholesale commission discount offer

  • BT’s Cancer Assistance Program results

  • Bridges to buy Bendigo and Adelaide Bank advice business

  • SMSF Advisers Network with additional licence conditions imposed

  • AMP FP new AFSL conditions imposed

  • Update on CBA’s AFSL conditions

  • Victims of financial misconduct to have greater supports

  • ASIC can now intervene on problematic financial products

  • FPA calls for ‘general advice’ term to be dumped

Read More

Fund Product, Company and Regulatory Updates as at 9 April 2019

  • QB launches execution algorithm on ASX

  • IFM Investors opens European office

  • VicSuper and First State Super consider merger

  • NAB scraps 'introducer payments’

  • Christian Super launches Aboriginal and Torres Strait Islander reconciliation plan

  • Institutional Shareholder Services acquires Strategic Insight

  • New alternatives platform launch

  • New small caps boutique at Fidante Partners

  • Zurich closes international equities fund

  • Australian Super increases insurance premiums

  • Refundable franking credits removal fails committee approval

  • Budget relaxes super contribution rules for retirees

  • Product dashboards for MySuper products temporary disclosure-related relief extended

  • APRA’s new powers in the super realm

  • New laws for financial product design and distribution pass

Read More

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

Read More

Fund Product, Company and Regulatory Updates as at 17 July 2017

  • Cbus to reduce premiums
  • Hostplus drops premium
  • IOOF appoints asset consultant
  • Class Super consolidates with two boutiques
  • Huntley to pay penalty
  • ASIC acts to improve transparency
  • ASIC warns about Skyllex
  • ASIC takes action over misuse of certificates
  • NAB makes corrective disclosure about its wealth management business
  • ASIC cancels Grey Oak AFS license
  • Government closes super tax loophole
Read More