Risk Product, Company and Regulatory Updates as at 20 August 2019

Risk Product, Company and Regulatory Updates as at 20 August 2019
  • OnePath OneView Life update

  • AMP FPA to contest changes to AMP’s Buyer of Last Resort terms

  • CBA closing Financial Wisdom

  • AMP revises agreement with Resolution Life for sale of AMP Life

  • MLC Wealth restructure

  • MBS Insurance and Complete Risk Analysis to merge

  • APRA fines Westpac for reporting obligation breaches

  • FASEA exam update

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Fund Product, Company and Regulatory Updates as at 13 August 2019

Fund Product, Company and Regulatory Updates as at 13 August 2019
  • Updated MyNorth retirement modelling tool launched

  • Tomorrow Super launching shortly

  • BlackRock and VicSuper partner up for ESG-focused global bond index fund

  • Rest Super brings investments arm in-house

  • WTW buys specialist mergers and acquisitions broker

  • Finclear Execution fined $70k

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Risk Product, Company and Regulatory Updates as at 6 August 2019

Risk Product, Company and Regulatory Updates as at 6 August 2019
  • IRESS improves Xplan

  • FPA CPD platform launch

  • CountPlus shareholders in favour of acquiring Count Financial

  • CBA approved to divest CFSGAM

  • APRA stakeholder survey shows regulator favour dropping

  • NAB document leak

  • MLC adviser fee class action plans

  • ASIC suing ANZ over periodical fee payments

  • FASEA exam update

  • Grandfathering commissions proposed ban date 1 January 2021

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Fund Product, Company and Regulatory Updates as at 30 July 2019

Fund Product, Company and Regulatory Updates as at 30 July 2019
  • Russell Investments enters managed accounts space

  • HUB24 announces multi-currency functionality for IMs

  • Pinnacle IM set to launch zero(ish)-fee ETF

  • BetaShares launches FTSE 100 ETF

  • Cooper Investors launches equities fund

  • LGIAsuper switches out WTW for JANA as asset consultant

  • First State Super and VicSuper planning merger

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Fund People as at 30 July 2019

Fund People as at 30 July 2019
  • IOOF updates CRO role, makes appointment

  • Credit Suisse appoints new Australian CEO

  • Willis Towers Watson welcomes head of investment strategy

  • Club Plus Super welcomes new chair and deputy chair

  • Tasplan appoints CIO

  • CBA Group Super welcomes new CEO

  • HESTA appoints head of investment execution

  • UniSuper hires chief strategy and marketing officer

  • REI Super appoints new CEO

  • QSuper welcomes CIO

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Risk Product, Company and Regulatory Updates as at 23 July 2019

Risk Product, Company and Regulatory Updates as at 23 July 2019
  • Integrity Life wins digital design award

  • AFA launches paraplanner community

  • Golden Financial Group AFSL cancelled

  • OnePath penalised for failing to stop selling non-compliant product

  • ASIC seeks ban on direct life insurance sales

  • APRA criticised in new report

  • ASIC seeks ban on direct life insurance sales

  • FASEA to partially recognise accountant qualification

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