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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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.

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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

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Risk Product, Company and Regulatory Updates as at 19 February 2019

  • Clearview updates LifeSolutions pricing

  • MLC MySuper goes from single strategy to lifestage

  • Delays for MLC sale

  • Westpac looking at selling in-house planners

  • Fourth report on four major banks released

  • FASEA adjusts adviser exam

  • Freedom Insurance Group suspends trading

  • ASIC appeals Federal Court decision on Westpac breaches

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Risk Product, Company and Regulatory Updates as at 2 October 2018

  • Asteron Life Complete product changes

  • Zurich launches new adviser portal

  • MetLife Australia back in retail life business

  • ASIC taking civil action against ANZ

  • ASIC report finds unacceptable delays in reporting by institutions

  • Dover Financial Advisers and sole director taken to court

  • FASEA announces changes to qualification requirements for advisers

  • NAB and MLC facing class action over consumer credit insurance

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Product, Company and Regulatory Updates as at 15 May 2018

  • 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 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

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Risk Product, Company and Regulatory Updates as at 5 December

  • ANZ launches OneView mobile access
  • AMP launches LIF diagnostic tool
  • REST adapts new life insurance model
  • HESTA announces life insurance changes
  • New life insurer for Vision Super
  • Non-aligned advisers granted access to AMP assessment tool
  • Mental health focus expanded by TAL
  • BT supports external rehabilitation
  • AFA consumer magazine
  • Advice firm formed by Moneywise pair
  • Leadership academy launched by Zurich
  • PJC reporting date extended
  • NAB and ANZ cover investigation costs
  • Guidance for FSCP release
  • ASIC to appoint liquidator
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Fund People as at 14 November 2017

  • COBA names new chief executive
  • Silicon Valley consultant hired by ANZ
  • Equip Super appoints new head
  • NAB begins recruiting after announcing job cuts
  • Perennial appoints two heads
  • Legg Mason appoints new head
  • Telstra Super appoints new executive
  • ASIC announces initial Financial Services and Credit Panel members
  • Global chief of State Street to retire
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