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

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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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Fund Product, Company and Regulatory Updates as at 7 May 2019

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Fund Product, Company and Regulatory Updates as at 7 May 2019

  • CFS removes nine undesirables, adds three new index funds

  • Tribeca partners with advisory firm to launch new Asian Credit fund

  • Equipsuper and Catholic Super to merge

  • Netwealth opens new office, makes new appointments

  • Superannuation startup relaunching

  • IOOF fails to meet APRA’s deadline

  • ASIC appoints receivers to Berndale Capital Securities

  • APRA review looks at insurance in super

  • AIST wants AFCA to name and shame super funds

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Fund Product, Company and Regulatory Updates as at 23 April 2019

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  • Vanguard launches ETF

  • CareSuper reduces administration fees with admin switch

  • Colonial First State drops fees across super and investments

  • First State Super brings advice in-house

  • One-stop-shop SMSF platform for accountants and planners launches

  • IOOF class action filed after Royal Commission evidence

  • CitiGroup to refund over $3m after sale of complex products

  • Super bills on hold

  • New legislation removes incentives for employers to choose super funds

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Fund People as at 17 October

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  • Christian super announces new chief executive
  • Suncorp appoints new executive
  • New distribution head for Colonial First State
  • MetLife appoints new head
  • AMP restructures equities team
  • Rice Warner senior consultant retires
  • Actuaries Institute chief steps down
  • Portfolio manager at Fidelity steps down
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Fund Product, Company, and Regulatory Updates as at 30 August 2016

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  • Sequoia launches two new funds: electric cars and batteries
  • EGFM launches unlisted real estate fund
  • CFS launches Challenger's CarePlus annuity
  • Henderson launches emerging markets fund
  • Empirics data collaboration with super funds
  • ANZ Wealth developing new model portfolios for retirees with Mercer
  • Schroders launches ASX-quoted managed fund
  • AMP Capital to liquidate AGF portfolio
  • Cbus to take 20pc of assets in-house
  • Goldman Sachs closing Australian transition management business
  • BT winds up alternatives fund
  • Macquarie IM penalised over van Eyk fund
  • Ostrava, Marigold Falconer AFSLs cancelled, companies wound up
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Fund People as at 7 June 2016

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  • IOOF Appoints Direct Equities Head, Two New Research Managers
  • IFM Appoints Global Head of Investor Relations
  • CFSGAM: Two New Executives
  • Suncorp Appoints CIO
  • BTIM Appoints Head of Group Finance
  • REST Industry Super GM of Investments Resigns
  • BOQ Director Resigns
  • Platypus Asset Management CIO Resigns
  • ANZ Appoints CFO
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Fund Product and Company Updates as at 30 March 2016

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A new automated advice tool for investors; JP Morgan funds added to mFunds; enhancements to FirstChoice and FirstWrap; VicSuper works on climate change; BTIM launches new boutique; ANZ to refund $5m in fees; ASIC looks at vertical integration conflicts; an equity crowdfunding update; UK, Aus regulators sign innovation agreement; and a fintech event promises interest. 

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