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

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  • 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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Product, Company and Regulatory Updates as at 15 May 2018

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  • 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

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  • 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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