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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ESG Update as at 16 July 2019

ESG Update as at 16 July 2019
  • Vision Super joins investors in calling out Amazon on human rights

  • Christian Super launches two new ethical options

  • FTSE Russell launches new climate risk government bond index

  • Global emissions targets - Australia shamefully not even on list

  • Philip Morris ‘attempting to normalise tobacco use’ with new heating methods

  • RIAA data shows responsible investments consistently outperform

  • List fund managers scoring low on disclosing ESG factors

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Fund Product, Company and Regulatory Updates as at 16 July 2019

Fund Product, Company and Regulatory Updates as at 16 July 2019
  • BetaShares launches government bond ETF

  • Blockchain super admin platform launched

  • Boutique fund manager Mhor Asset Management shuts down

  • JP Morgan dumped at Funds SA after two decades as custodian

  • Deutsche Bank traversing new ground

  • AMP adds Zenith and Quilla to MyNorth, launches new portfolios offer, publishes whitepaper

  • Hostplus in merger talks with Club Super

  • CountPlus offloads conflicting SMA platform solution

  • ASIC cancels AFS licence of Australian Mutual Holdings Limited

  • ASIC offering fintech more flexibility

  • ASIC increases licence application requirements

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Risk Product, Company and Regulatory Updates as at 9 July 2019

Risk Product, Company and Regulatory Updates as at 9 July 2019
  • NEOS Life enhances risk-only superannuation product

  • AMP adds functionality to My AMP

  • OnePath updates trauma definitions, underwriting engine

  • MLC Super changing TPD claim assessments for Any Occupation

  • First FASEA exams completed

  • APRA: financial institutions to register an ‘accountable person’

  • AWSM has AFSL cancelled

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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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Risk Product, Company and Regulatory Updates as at 25 June 2019

Risk Product, Company and Regulatory Updates as at 25 June 2019
  • OnePath trauma definition update

  • Zurich launches wellness program

  • AFA and MetLife launch grant program for female advisers

  • FASEA approves diplomas, bridging programs

  • CFP completes EU

  • ASIC approves AFCA rules for small businesses and consumers for old complaints

  • Update on AFA and FPA task force

  • Guarded loses key person and then AFSL

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