Fund Company Update
/First Nations Foundation launches information site
Franklin Templeton finalises Legg Mason acquisition
Powerwrap and Praemium to merge
First State Super and WA Super merger
Fund Regulatory Update
/Three advisers and an unlicensed SMSF scheme in court- The Federal Court has wound up an unlicensed scheme, MyWealth Manager, that was recommending investors put money into a self-managed superannuation fund (SMSF).
Read MoreFund Product, Company and Regulatory Updates as at 26 May 2020
/Referral program for super funds, accountants and services with dealer groups launched
Challenger launches new retirement tool
Russell adds new retirement service from fund member research
Martin Currie launches sustainable equity strategy
Saxo Markets launches loyalty program
CBA sells half of CFS
Merging super fund tax relief to stay
Westpac files defence in Federal Court for AUSTRAC allegations
Liquidation funders to hold AFS licences
ERS withdrawals hit $10bn
IOOF settles class action
AMP launches new ESG-focused managed portfolio via MyNorth
Fund Product, Company and Regulatory Updates as at 3 March 2020
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Janus Henderson launching active ETF
iPartners launching new credit fund
ETF Securities launching new Australian ETF
BetaShares launching new tech ETF
Franklin Templeton buying Legg Mason
AGM Markets found to have engaged in unconscionable conduct
SG amnesty bill passes after two years
Fund Product, Company and Regulatory Updates as at 20 June 2019
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Intrust Super launches micro-investing platform for members
LUCRF Super updates insurance premiums
BetaShares and Legg Mason launches active ETF
BUSSQ increasing admin fees
Industry association closes its doors after almost a century
APRA imposes licence conditions on AMP Super and board
ASIC acts against SMSF advisers
Whitebox Trading off the hook
Super and retirement calculators soon to include inflation
Fund Product, Company and Regulatory Updates as at 4 June 2019
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Perennial launches active ETF with an ESG strategy
Legg Mason launches new ‘deeper green’ ESG fund
Moelis Australia launches insto credit fund on the ASX
BetaShares launches Indian ETF
SSGA to launch ETF model portfolios
Alleron IM relaunching brand
MLC Life appointed group insurer by Maritime Super
Cartel class action launched against major institutional investors
Natixis joins Future Females in Finance
Sunsuper integrates CBH Super in another merger
Blue Sky placed into receivership
NAB sells Ausmaq to German group
APRA zeroing in on IOOF group companies
Aurora fund takeover bid fails
Macquarie Securities pays $300,000 penalty
Fund Product, Company and Regulatory Updates as at 28 February 2018
/- Legg Mason partners with BetaShares
- ETMF to be launched by Perennial
- AMP cuts new wholesale fund fees
- Micro-cap fund launched by Lennox
- Legg Mason divests cluster bombs and tobacco
- IOOF and GROW Super partner
- SMSF administrator acquired by SuperConcepts
- Acorns plans super fund launch
- KPMG sells admin business
- ASIC applies to appoint Superfunded liquidator
- Four major banks under scrutiny
- Credit Suisse hiring investigation
Fund People as at 14 November 2017
/- COBA names new chief executive
- Silicon Valley consultant hired by ANZ
- Equip Super appoints new head
- NAB begins recruiting after announcing job cuts
- Perennial appoints two heads
- Legg Mason appoints new head
- Telstra Super appoints new executive
- ASIC announces initial Financial Services and Credit Panel members
- Global chief of State Street to retire
Fund People as at 28 March 2017
/- Legg Mason appoints head of Sydney office
- First Super appoints new director
- AIST has a new CEO
- REST makes new senior appointments
- CareSuper appoints deputy chair
- IOOF appoints new head of technology services
- Contango directors removed after EGM
- BTIM head of sales and marketing resigns
- BTFG CIO departs after disciplinary action
- Aus equities manager at Willis Towers Watson leaves
- CBA says goodbye to group chief financial officer
Fund Product, Company, and Regulatory Updates as at 17 January 2017
/- Legg Mason launches new global bond fund
- Monash University issues climate bond
- Virgin's struggling super fund folds
- Transport Super merges with MyLife MySuper
- NAB sends 60,000 customer details to porn purveyor by mistake
- World-first licensing exemptions for Australian fintech companies
- New accounting standards in place
- Pershing Securities pays $40,000 in infringements
Fund Product, Company, and Regulatory Updates as at 27 September 2016
/- Legg Mason launch macro bond fund
- BetaShares launches Cybersecurity ETF
- Zurich acquisition of Macquarie approved
- IRESS acquires Financial Synergy super software provider
- Westpac changes staff incentives structure
- Vision Super divests three more carbon companies
- TA Associates to buy Aus Goldman Sachs Asset Management
- Westpac refunds $9.2m in fees
- CBA pays $180,000 in penalties for unlawful/inappropriate overdrafts
Fund People as at 16 August 2016
/- BTIM appoints two new analysts for global equities boutique
- Legg Mason appoints Australian head
- Infocus appoints new non-executive director
- EISS appoints new CEO
- AZ NGA appoints financial planning GM
- BNPP IP appoints head of financial advice
- ANZ appoints chief economist
- Perpetual announces internal appointments
- AMP Capital appoints new chairman
- BTFG loses its head of alternatives
- Westpac COO moving on, executive reshuffle
- First State Super loses CIO
- 2016 SMSF Award winners announced
- 2016 FEAL Fund Executive of the Year Award
Under-40s more likely to seek professional advice - Legg Mason 2016 Global Investment Survey
/A recent survey has found the differing attitudes towards financial advice by those under and over age 40.
Read MoreGlobal investment attitudes to asset classes - survey
/A recent global survey of affluent investors has found differences in how Australians view certain investment classes compared to their international counterparts.
Read More