Risk Product, Company and Regulatory Updates as at 11 February 2020

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Risk Product, Company and Regulatory Updates as at 11 February 2020

  • FPA partners with Deakin University, launches pro bono support for bushfires

  • AMP adds insurers to MyNorth platform

  • Algorithms and artificial intelligence collide with ‘bionic’ advice

  • OneVue takes over Madison Financial Group

  • ClearView halts agreed value IP policies

  • New class action launched against AMP over adviser actions

  • ASIC update on financial advice-related misconduct and compensation

  • New class action launched against AMP over adviser actions

  • ASIC update on financial advice-related misconduct and compensation

  • Class action launched against CFS

  • Westpac facing class action over money laundering

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Fund Product, Company and regulatory Updates as at 18 April 2018

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  • FirstWrap adds CFSGAM model portfolio
  • Equities strategy launched by active manager
  • Global ESG bond fund launched by Dimensional
  • Sunsuper slashes premiums, signs super code
  • ESG global equities fund unveiled by Natixis
  • Two active ETFs launched by Vanguard
  • Crypto-heavy fund launched by DigitalX
  • Digital advice compliance business acquired by IRESS
  • Pathway sold by Netwealth
  • Digital community to be created by OneVue via acquisition
  • Australian asset manager to rebrand
  • Nationwide Super cuts fees, joins Russell alliance
  • CFSGAM strategic review outcome
  • ASIC more than doubles fees
  • AUSTRAC regulates cryptocurrency service providers
  • British and Australian fintech cooperation strengthens
  • Octani’s AFS licence cancelled
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Risk Product, Company and Regulatory Updates as at 4 April 2018

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  • CommInsure to rollout new underwriting engine and IP premium increase
  • Fee waiver campaign extended by AIA
  • Life Super Quotes Service launched by Riskinfo, RiskinfoNZ launched
    New practice management platform flagged by AMP
  • New super fund addresses Australian account erosion
  • Adviser builds new practice
  • SMSF admin business sold by OneVue
  • CBA to potentially sell Indonesian life business
  • Lifecycle default option launched by Industry fund
  • TAL to refund funeral insurance customers
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Risk Product, Company and Regulatory Updates as at 8 November 2017

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  • MLC expands policy discount
  • GPS robo-adviser launched
  • OneCare offering mental health support
  • LIF resource launched by ANZ
  • OneVue sells RE business
  • AMP rolls out enhanced advice business
  • Victorian presence boosted by Elders
  • ASIC suspends AFS licence
  • Financial advice firm to pay penalty
  • ACCC insurance inquiry forms
  • Wellness message taken to Canberra
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Fund Product, Company, and Regulatory Updates as at 21 June 2016

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  • Suncorp launches online-only super product
  • QSuper and LGIAsuper membership now open to the public
  • OneVue intending to merge with Diversa
  • RBF-TAS and Tasplan merger approved
  • ASIC and Singapore sign agreement
  • ASIC warning
  • Best interests duty enacted
  • Civil penalty proceedings commenced against NAB
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Funds Product and Company Updates - 1 March 2016

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You can now get automated investment advice at Macquarie and newcomer BetaSmartz; AMP has a new platform launch and upgrades to existing platform;  BT Wrap adds a Folkestone fund; OneVue and Sentry Group partner up; the RIAA has improved its education program; and the FSC announces its six-point plan for super; and Monash launches a new LIC. 

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