Fund Company Update
/Mercer buys BT Private Portfolio Management
Fund Product Update
/Janus Henderson launches sustainable credit active ETF in Australia
Morningstar launches six new managed accounts
Northleaf launches senior private credit fund
Saxo launches suite of managed portfolios
BT winds up Retirement Wrap
Openmarkets launches custody capability
Lonsec integrates managed account solutions
Fund Regulatory Update
/ASIC consultation open on expiring class orders on changing responsible entities and equal treatment
Stop orders on three BT funds
Lendfin, Global Pacific Solutions and Gigi Investment Group licences suspended
Treasurer hangs on to ASIC misconduct report citing ‘undue prejudice’
Capital Capital licence cancelled
Treasury reviewing MIS regulatory framework
Risk Regulatory Update
/AFA/FPA merger update
Olive Markets AFSL cancellation upheld by AAT
AIOFP recommendations for managing impact of LIF changes
ASIC: advisers can provide home equity advice
ASIC: Adviser exam fee increase
Westpac/BT class action settlement $29.5m
Fund Company Update
/Superhero appoints director
Westpac merging BT super with Mercer Super
AMP transfers assets, creates AMP Investments
PwC and AI software provider create alliance
Iress and Hostplus implement integration for onboarding
Fund People Update
/REI Super appoints board member
Cbus appoints head of investment options
CareSuper welcomes new chair
Lazard CEO retires after 20 years
CFS CFO departs
UBS appoints ESG specialist
Macquarie appoints global head of real estate
AMP Capital welcomes manager of real estate equity
BT welcomes head of product management
FSC appoints new CEO
Fund People Update
/AUSIEX appoints head of product and trading
Morgan Stanley welcomes head of research
Credit Suisse appoints chief of wealth management
MD of super resigns at BT
Challenger appoints new CEO
FSC appoints acting CEO, board member
ASIC makes leadership appointments
Risk People Update
/FSC welcomes new board member
BT appoints wealth risk expert
MLC Life appoints chief of innovation and transformation
ASIC loses chair amid overpayment kerfuffle
Risk Company Updates
/Venture Financial Advisers joins Count Financial
BT retires grandfathered life commissions
CBA opens Amsterdam office
Insight Investment Partners launches tech dealer group
Focus Financial Planners buys up Australian financial advice firms
Risk Product Updates
/AIA Priority Protection updates
BT make minor changes to Protection Plans
Zurich make minor update to Smart Value discounts
Fund Product Updates
/Russell launch personalised super product
MSCI launch indices for Australian market
The Big Issue launches impact-investment platform
Australian Unity launches new healthcare fund
Vanguard launches Australian shares ESG-focused ETF
ClearView finalised the successor fund transfer for risk-only superannuation products to HUB24
BT closes two funds
Risk Company Updates
/BT to change Wealth Connect business
MetLife launches mental health initiative
Fund People Updates
/MLC AM welcomes head of institutional distribution
Cbus welcomes new investments COO, loses tech head
Vanguard appoints risk management executive
Vision Super promotes CIO to deputy CEO
Goldman Sachs welcomes local chair
Susan Ryan passes away
BT head of platforms resigns after 15 years
ASX loses board member
Media Super replaces chair
AXA Investment Management loses country head
Risk Product Updates
/OnePath enhances medical underwriting limit requirements, announces price changes
CommInsure indemnity IP claim calculation initiative extended
BT Protection Plan discounts extended
Fund Product, Company and Regulatory Updates as at 18 February 2020
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T. Rowe Price closes local Asia fund
MyNorth launches managed portfolios
BT winding up Pendal-managed fund after 52 years
Vanguard enters private equity market with strategic partnership
Zenith moving into superannuation
ASIC’s new powers in legislation
Risk Product, Company and Regulatory Updates as at 16 April 2019
/BT Protection Plan changes
Freedom Insurance selling admin and advisory business, goal to close its doors
Integrity Life announces product enhancements
Asteron Life extends wholesale commission discount offer
BT’s Cancer Assistance Program results
Bridges to buy Bendigo and Adelaide Bank advice business
SMSF Advisers Network with additional licence conditions imposed
AMP FP new AFSL conditions imposed
Update on CBA’s AFSL conditions
Victims of financial misconduct to have greater supports
ASIC can now intervene on problematic financial products
FPA calls for ‘general advice’ term to be dumped
Risk Product, Company and Regulatory Updates as at 22 January 2019
/Adviser licensee joins forces with investment platform for innovation
FASEA updates on education standards
Westpac and BT still failed consumers, says court
Advanced Wealth Financial Services in court
HNW Planning has licence restrictions applied
Risk Product, Company and Regulatory Updates as at 3 December 2018
/BT policy waiver extended for Protection Plans
TAL partners with NIB for health insurance
FASEA recognition of prior learning update
CBA possible privacy breach investigation
Financial Circle AFS licence cancelled
Risk Product, Company and Regulatory Updates as at 23 October 2018
/TAL adviser centre launch, minor changes to product structure and pricing
ASIC’s inspectors in big banks
CBA fees for no service EU update
Raiz Invest and Swiss Re partner up to launch group insurance products
Electronic advice register launch
BT updates quote and application software, announces policy fee waiver
Corporations Act sections of FASEA exams to be open book
Banks removing trail commissions and grandfathered payments
Risk Product, Company and Regulatory Updates as at 18 September 2018
/AMP updates medical definitions
AIA Australia two year policy fee waiver offer
OnePath premium waivers for drought-affected farmers
New fintech to replace paraplanners launched
Junior financial adviser roles at BT to go, advice restructure
Morgan Stanley false claims of independence
ASIC commences proceedings against NULIS and MLC
AFCA complaints resolution rules, independent assessor terms approved
FASEA shutting down so-called FASEA-approved courses
