Fund Company Updates

  • IOOF halts AET purchase

  • WA Super and Aware Super merger complete

  • S&P to buy out analytics provider competition for $60bn

  • HESTA and Australian Unity partner through social impact trust

  • BlackRock to acquire equity index firm

  • Australian Unity owes employees at least $4.25m

  • Wells Fargo eyeing up Australian superannuation funds

  • Hostplus outsources service centre to Link Group

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Fund Regulatory Update

Three advisers and an unlicensed SMSF scheme in court- The Federal Court has wound up an unlicensed scheme, MyWealth Manager, that was recommending investors put money into a self-managed superannuation fund (SMSF).

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Fund Product, Company and Regulatory Updates as at 1 July 2019

Fund Product, Company and Regulatory Updates as at 1 July 2019
  • Hostplus launches new SMSF solution

  • Vanguard drops fund fees

  • Fidelity launches company rating system

  • OpenMarkets launches trading platform

  • Sunsuper cuts fees

  • GuildSuper and Childcare Super increase group insurance premiums

  • Clime Capital and CBG Capital to merge

  • MTAA Super and Tasplan consider merger, Statewide Super quits merger talks

  • AIC accepts EU from CBA

  • APRA tightening super fund acquisition regulations

  • ASIC extends suspension of BBY AFS licence

  • ASIC seeking feedback on new product intervention powers

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Fund People as at 8 May 2018

  • AMP announces independent chairman, lodges submission

  • SSGA appoints new members to distribution team

  • AMIST appoints chair and director

  • Managed accounts expert appointed by Praemium

  • ING appoints new board member

  • WA Super appoints two general managers

  • New chair appointed by Vision Super

  • ISPT appoints new chair

  • AMP chairman steps down

  • Managing  and executive directors of Blue Sky step down

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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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