Fund People Update

  • Janus Henderson welcomes new heads and internal promotions

  • Rest appoints GM of super

  • LGIAsuper and Energy Super announce CEO for the joint fund

  • First Super appoints member director and first associate director

  • Challenger welcomes new CFO

  • Ethical Partners Funds Management appoints sustainability analyst

  • VFMC appoints senior equities analyst

  • MLC AM welcomes portfolio manager

  • LGS appoints deputy chair

  • Lonsec CEO departs

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Risk Product, Company and Regulatory Updates as at 19 May 2020

  • AIA Australia launches Medix medical service

  • Bravura rolls out automated advice platform in NZ

  • MLC launching new advice business, retires brands

  • CountPlus acquires Centenary Financial

  • FASEA extends exams for advisers, releases April exam results

  • Tailormade Financial Strategies has AFSL cancelled

  • Ausfunds Management AFS licence returned

  • Royal commission measures deferred for six months

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Fund People as at 26 November 2019

Fund People as at 26 November 2019
  • Lonsec Research appoints executive director

  • CFS and Avanteos welcome independent non-executive director

  • LGS appoints new CEO

  • MLC welcomes head of managed accounts

  • AFCA appoints COO

  • ASFA welcomes new board members

  • Fiona Trafford-Walker retires from Frontier Advisors

  • David Smith passes away

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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 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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Risk Product, Company and Regulatory Updates as at 19 February 2019

  • Clearview updates LifeSolutions pricing

  • MLC MySuper goes from single strategy to lifestage

  • Delays for MLC sale

  • Westpac looking at selling in-house planners

  • Fourth report on four major banks released

  • FASEA adjusts adviser exam

  • Freedom Insurance Group suspends trading

  • ASIC appeals Federal Court decision on Westpac breaches

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Risk Product, Company and Regulatory Updates as at 6 November 2018

  • Tasplan appoints MetLife as group insurer

  • AMP risk business closed after sale

  • New life insurance reporting standards launched

  • ClearView upgrades LifeSolutions

  • Asteron Life product update

  • TAL Accelerated Protection upgrades

  • MLC offering 10 per cent premium discounts via digital underwriting platform

  • ASIC inviting consultation on proposed licensee competence requirements

  • AFA and FPA apply for Code Monitoring job

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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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Risk Product, Company and Regulatory Updates as at 8 August 2018

  • AIA Australia increasing discounts

  • TAL-owned Affinia extends advice offering into licensee services

  • Level premium policy replacement at BT

  • Media Super reappoints Hannover Life Re, drops premiums

  • FSC code of practice to cover super trustees too

  • Digital advice company and retiree advice platform merge

  • MLC to refund $65m, NULIS before royal commission

  • ASIC announces professional standards reform for advisers

  • AMP fast-forwards advice remediation

  • Advisory businesses to be publicly rated

  • NAB slammed at Royal Commission for 'hopelessly conflicted' compensation situation

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Risk Product, Company and Regulatory Updates as at 18 April 2018

  • TAL offers life coaching for those with mental illness

  • CommInsure enhances digital underwriting

  • Adviser education course launched by Asteron

  • AIA pushes for insurers to fund mental health treatment

  • MLC launched new underwriting engine

  • Predictive underwriting offered to tradies by ANZ

  • Commonwealth partners with Bravura

  • CBA enters into undertaking

  • Trustee Partners acquires advice group

  • AMP admits serious misconducts

  • AMP admits serious misconduct, misleading ASIC

  • CBA and subsidiaries enter into EU with ASIC

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