Risk Company Update
/ANZ to buy Suncorp, backs away from MYOB acquisition
Risk Regulatory Update
/ASIC: AFSL closures mounting
ALRC releases background paper into legislation reform inquiry
ASIC responds to RI Advice Federal Court decision
ANZ sued by ASIC for overblown account balances and fees
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
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
Australian and New Zealand ESG Update
/Landmark climate case won by 8 teenagers and a nun
ANZ and BHP sign gender-diverse leadership pledge 40:40 Vision
Risk Regulatory Update
/NZ overhauls advice regulations
Poor pass-rate on FASEA’s January exam results
TAL found to have breached utmost good faith duty in Federal Court
ANZ and CBA settle US class action
Risk People Update
/MLC Life welcomes innovation and transformation head, life insurance officer
AMP Bank MD resigns
ANZ loses CFO
AMP no longer largest AFSL by adviser count
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
Risk Regulatory Updates
/ANZ to pay $10m in penalties for ‘unconscionable conduct’
FASEA code of ethics draft released, latest exam results published
APRA continues work on sustainability of disability income insurance
FSC TPD and life insurance initiatives continued
Westpac agrees to $1.3bn AUSTRAC deal
Risk People Updates
/IOOF announces restructure of licensees
QBE CEO resigns after complaint
Zurich makes new appointments
AMP Limited welcomes new chair
ANZ chair retiring
Centrepoint Alliance loses investment head
Risk People Update
/QIC welcomes new GM
Stanford Brown announces new partner
Suncorp appoints new banking and wealth CEO
ME Bank CEO resigns
NAB Private executive resigns
ANZ loses advice head
ESG Update as at 25 October 2019
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VicSuper hits sustainability target ahead of schedule
TCorp issuing a sustainability bond
Ausbil IM head of ESG research wins award
Two BlackRock Australia funds get an ESG revamp
ANZ, NAB and Westpac fund digital docket startup
Risk Product, Company and Regulatory Updates as at 22 October 2019
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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
Risk Product, Company and Regulatory Updates as at 6 August 2019
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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
Risk People as at 14 May 2019
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ANZ hires extra remediation team staff
Insurtech Australia appoints new CEO
Women in Finance Awards - nominations now open
NIBA Young Professional Broker of the Year Award Finalists named for VIC/TAS
TAL cutting jobs, restructuring
Risk People as at 5 March 2019
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Macquarie wealth leadership shifts
TAL appoints chief commercial officer for transition of Suncorp
CFS appoints head of retail sales
Executive reshuffle at ANZ
CBA executive retires
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
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
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
Latest updates from the Royal Commission
/In this Royal Commission update, banks look down the barrel of their misdemeanours, getting a grilling from Haynes.
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