Australian and New Zealand ESG Update

  • MetLife only insurer on 'inclusive workplace’ ranking

  • ISS ESG launches important regulatory report, labels and standards solutions, and wins an ESG research award

  • NAB, ANZ and Westpac accused of dropping ‘carbon bomb’ and rejigging net-zero promises

  • IFM Investors achieves carbon neutral status on Private Equity portfolio

  • ClearView achieves carbon neutral status

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Risk People Update

  • ANZIIF announces Donna Walker Awards

  • ANZ welcomes new director

  • Allianz appoints acting CEO

  • HUB24 appoints chief product officer

  • AFA appoints CEO

  • FPA loses head

  • Zurich appoints head of partnerships, loses group insurance manager

  • Allianz Partners welcomes CEO

  • AFCA appoints six ombudsmen, promotes and reshuffles team

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ESG Aus and NZ Update

  • Coca-Cola Amatil receives tens of millions in coal royalties in Queensland

  • AMP Capital’s ethical option loses another mandate

  • ANZ to turn back on business customers that refuse to plan for climate risk

  • BlackRock votes in favour of closing AGL coal power plants early

  • Eight young people file to stop Whitehaven coal mine extension

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Risk Product, Company and Regulatory Updates as at 22 October 2019

Risk Product, Company and Regulatory Updates as at 22 October 2019
  • Digital advice firm drops two robo-advice tools

  • IOOF buying OnePath at discounted price

  • Myonlineadvisers closes its doors after advisers leave

  • Grandfathered commissions bill passes into law

  • Colonial First State facing two class actions in a week

  • FASEA clarifies code of ethics

  • Westpac class action launched

  • ANZIIF and LIPSWG establish professional standards framework

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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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Risk Product, Company and Regulatory Updates as at 20 November 2018

  • ANZ releases new underwriting engine

  • TAL product updates

  • Zurich and Oxford join income protection study

  • ClearView launches LaVista Licensee Solutions

  • ASIC now able to hire outside the box

  • FSC issues revised code draft

  • FASEA still working on details of education standards framework

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Risk Product, Company and Regulatory Updates as at 2 October 2018

  • Asteron Life Complete product changes

  • Zurich launches new adviser portal

  • MetLife Australia back in retail life business

  • ASIC taking civil action against ANZ

  • ASIC report finds unacceptable delays in reporting by institutions

  • Dover Financial Advisers and sole director taken to court

  • FASEA announces changes to qualification requirements for advisers

  • NAB and MLC facing class action over consumer credit insurance

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Fund Product, Company and Regulatory Updates as at 25 September 2018

  • Uni students running hedge fund

  • Class actions planned against retail super funds

  • IOOF sells AET

  • Combined Super to merge with Prime Super

  • ASIC commencing civil proceedings against ANZ

  • ASIC updates regulatory approvals for new products and ETFs of the Chi-X market

  • ASIC stops proposed initial coin offerings

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