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

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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

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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

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Fund People as at 9 April 2019

  • Pinnacle welcomes new head of retail, marketing director, director of listed products

  • QIC appoints new chair

  • Ernst & Young appoint super and insurance expert as partner

  • Mine Super appoints new CIO

  • J.P. Morgan welcomes new CEO

  • AMP Capital appoints new local real estate head

  • Future Fund creates new deputy CIO role

  • Rice Warner changes to leadership team

  • New head of Australasia at Blackrock

  • FSC welcomes new board members

  • Sunsuper welcomes AustSafe Super’s CEO in new role after merger

  • Aberdeen loses head of fixed income

  • BUSSQ puts long-standing CIO ‘on leave’

  • IOOF loses MD in Royal Commission take-down

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Fund Product, Company and Regulatory Updates as at 26 March 2019

  • Sunsuper rolls out new online services for advisers

  • Macquarie no longer offering SMSF residential home loans

  • Hostplus partners with Flexstone Partners on private equity emerging managers program in USA

  • MyNorth fees dropped

  • Quinn Emanuel launches shareholder class action against IOOF

  • APRA may publish worst performing super funds, trustees to expect harsher treatment

  • Perpetual launches credit income trust

  • ASIC places Endeavour and Linchpin into liquidation

  • ASIC cancels first AFSLs of those failing to join AFCA

  • ASIC obtains interim injunctions against Forex Capital Trading

  • Westpoint investors will receive $1.5 million after class action

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Fund Product, Company and Regulatory Updates as at 28 January 2019

  • SelfWealth launches ETF for SMSFs

  • Praemium upgrading platform for advisers and investors

  • Premier Asset Management winds up 17-year-old fund

  • Australian Ethical selling stake in IOOF

  • MLC reduces wrap admin fees

  • MTAA Super cuts fees

  • Rest launches no-fee investment options

  • CFS Private Wealth wound up after ASIC investigation

  • Kaz Capital with imposed licence conditions

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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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Fund People as at 27 March 2018

  • AustralianSuper appoints new head of investments
  • Mercer appoints superannuation head
  • FSC appoints deputy chair and director
  • NGS appoints investment officer
  • Fidelity appoints new head
  • IOOF appoints research head
  • Perennial appoints investment specialist
  • Trustee of the Year winner announced
  • 2018 Green Bond Pioneer Award winners announced
  • 2018 Rockstar of the Year award winners announced
  • CBA makes changes to executive team
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Fund Product, Company and Regulatory Updates as at 28 February 2018

  • Legg Mason partners with BetaShares
  • ETMF to be launched by Perennial
  • AMP cuts new wholesale fund fees
  • Micro-cap fund launched by Lennox
  • Legg Mason divests cluster bombs and tobacco
  • IOOF and GROW Super partner
  • SMSF administrator acquired by SuperConcepts
  • Acorns plans super fund launch
  • KPMG sells admin business
  • ASIC applies to appoint Superfunded liquidator
  • Four major banks under scrutiny
  • Credit Suisse hiring investigation
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Fund Product, Company and Regulatory Updates as at 4 October 2017

  • AMP and Challenger annuities deal
  • Robotics ETF set to launch
  • Zenith and Netwealth partnership
  • AMP to join with US advice firm
  • Fund divests weapons and tobacco
  • BNP Paribas AM new fintech
  • Concept One merging with WA Super
  • IOOF subsidiary partners with RPA
  • CBA court case abandoned, but separate class action continues
  • ASX possible blockchain announcement
  • ASIC life insurance added to school curriculums
  • OpenMarkets Australia infringement notice
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Fund People as at August 14

  • Vision Super to expand ESG team
  • IOOF appoints portfolio manager
  • Chi-X appoints Australian chief
  • Media Super appoints managers
  • Bennelong leadership rearrangement
  • Policy expert re-joins ISA
  • BNP Paribas expands business team
  • Cbus executive wins FEAL award
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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
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Fund Product, Company, and Regulatory Updates as at 6 December 2016

  • IOOF launches new adviser portal
  • Cbus launches employer app
  • Netwealth and Stanford Brown team up in MA offering
  • Mercer buys Pillar off the NSW Government
  • Franklin Templeton announces new operating structure
  • Macquarie merges two groups
  • HSBC opens new Sydney office
  • BTFG merges business areas: advice research with investment research
  • JPMorgan Chase pay bribery penalties after hiring family and friends
  • Budget Super Tax Package passed in Parliament
  • CommSec pays $200,000 infringement notice
  • Banking and financial services inquiry voted in
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