Fund People Update

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  • 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

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Fund Product, Company and Regulatory Updates as at 26 March 2019

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  • Sunsuper rolls out new online services for advisers

  • Macquarie no longer offering SMSF residential home loans

  • Hostplus partners with Flexstone Partners on private equity emerging managers program in USA

  • MyNorth fees dropped

  • Quinn Emanuel launches shareholder class action against IOOF

  • APRA may publish worst performing super funds, trustees to expect harsher treatment

  • Perpetual launches credit income trust

  • ASIC places Endeavour and Linchpin into liquidation

  • ASIC cancels first AFSLs of those failing to join AFCA

  • ASIC obtains interim injunctions against Forex Capital Trading

  • Westpoint investors will receive $1.5 million after class action

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Risk Product, Company and Regulatory Updates as at 9 July 2018

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  • AstuteWheel: new digital tool providing SoA's in an hour

  • Integrity Life to launch retail suite in October

  • Macquarie quits grandfathered commission

  • HSBC exits financial advice, closing its financial advice doors

  • ASIC vs. Refocus Financial Group

  • AMP FP facing civil penalties for alleged failures in insurance advice

  • ASIC pursuing advice firms misusing term 'independent'

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Fund Product, Company and Regulatory Updates as at 22 May 2018

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  • XTB Emerald Fixed Income Managed Portfolio launched, on HUB24

  • BlackRock confirms closure of five ETFs

  • PIMCO partners with financial tech firm

  • Australian Ethical ditches AMP investments

  • CareSuper partners with Mercer

  • Macquarie merging private wealth arms

  • ASIC and RBA introduce new BBSW calculation methodology

  • Wealth & Risk Management AFS licence cancelled

  • Intiger closes Sydney office

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Risk Product, Company and Regulatory Updates as at 20 March 2018

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  • Macquarie acquires equities specialist
  • Prime Super unveils digital claims process
  • Atlas Wealth expands operations
  • MLC improves underwriting engine, launches virtual assistant
  • Few systematic issues identified in life insurance
  • WSU designs finance course to meet new standards
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Risk Product, Company and Regulatory Updates as at 6 March 2018

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  • Macquarie offers OneCare
  • BTFG names expanded APL insurers
  • MTAA Super and MetLife from young members premiums
  • ANZ applies life insurance code
  • QBE sells operations to Zurich
  • TAL gender diversity recognised
  • CBL liquidators appointed
  • CBA lodges response to class action claims and amended AUSTRAC
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Fund People as at 3 November 2017

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  • Macquarie appoints new director
  • Portfolio manager appointed to Spaceship
  • Financial officer appointed to LUCRF Super
  • MD appointed by Franklin Templeton
  • New ASIC chair named
  • Inaugural chief executive appointed by ACSA
  • Fiducian executive chair transition
  • VanEck expands development team
  • UniSuper hires for equities team
  • Finalist announced for SelectingSuper Awards
  • Contango chief departs
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Fund Product, Company and Regulatory Updates as at 4 July 2017

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  • IOOF to acquire trustee business
  • VanEck to launch ETF
  • Bennelong launches new emerging companies fund
  • Media Super enters R&D lending business
  • QSuper open to the public
  • Managed funds platform launched by MA Operator
  • ASIC funding model passes Senate
  • Sequoia to purchase Interprac
  • CFA Institute launches research exchange
  • Malaysia SC and ASIC sign fintech agreement
  • Westpac pays $127,250 infringement penalty
  • Orders to wind up Octaviar Group companies
  • JFSA and ASIC fintech cooperation
  • Macquarie pays $505,000 infringement penalty
  • ASIC proposed guidance on crowd-sourced funding
  • Decision on application of Criminal Code in civil proceedings
  • UBS pays $280,000 in infringement penalties
  • ASIC reports on conduct in funds management
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Fund Product, Company and Regulatory Updates as at 2 May 2017

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  • Omega Global Investors launches equity income fund
  • VanEck launching smart beta bond ETF
  • Macquarie Wrap adds L1 Capital Long Short Fund
  • PIMCO launches new ESG bond fund
  • ANZ launches tech ETF
  • ESG risk tool launch
  • Sunsuper and Kinetic Super to merge
  • Henderson Group and Janus Capital Group merger
  • LGS strengthens ESG, reinstates investment restrictions
  • Australia Wealth Capital AFSL suspended
  • ASIC signs fintech agreement with Indonesia
  • DD&D Securities AFSL cancelled
  • First Super stops private equity investments
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Fund Product, Company and Regulatory Updates as at 28 March 2017

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  • Auscap now available on Macquarie Wrap
  • AZ Sestante enters Australian market, launches three new funds off CFS platform
  • AMP improves MyNorth
  • New CBA climate bond
  • Financial Advisers Consultative Committee set up by ASI
  • ASIC issuing 50 super funds with question
  • BT to merge 12 super funds
  • Barclays under the ASIC microscope for breaches
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Fund Product, Company, and Regulatory Updates as at 6 December 2016

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  • IOOF launches new adviser portal
  • Cbus launches employer app
  • Netwealth and Stanford Brown team up in MA offering
  • Mercer buys Pillar off the NSW Government
  • Franklin Templeton announces new operating structure
  • Macquarie merges two groups
  • HSBC opens new Sydney office
  • BTFG merges business areas: advice research with investment research
  • JPMorgan Chase pay bribery penalties after hiring family and friends
  • Budget Super Tax Package passed in Parliament
  • CommSec pays $200,000 infringement notice
  • Banking and financial services inquiry voted in
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Fund Product, Company, and Regulatory Updates as at 27 September 2016

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  • 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
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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 Product, Company, and Regulatory Updates as at 16 August 2016

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  • MLC adds 56 new investment options to MLC Wrap and Navigator
  • Macquarie Wrap adds new funds
  • HUB24 adds five Mercer funds
  • CFS adds global equity to FirstChoice platform
  • Shaw and Partners and Praemium set up managed account solution
  • AMP Capital launches new multi-asset fund on ASX
  • BetaShares launches ETFs
  • Titantrade.com warning
  • Pacific Millennium International Investment Group AFSL cancelled
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Fund Product, Company, and Regulatory Updates as at 5 July 2016

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  • BetaShares launching global sector ETFs locally
  • REI Super goes public
  • MyLifeMyMoney (Catholic Super) merges with Transcomm Credit Union
  • Investec invests in Wholesale Investors
  • Contango divests funds management arm
  • XTrade forced to change client money handling
  • Etern Wisdom Global, Ergo Capital, and Advamode AFSLs cancelled
  • Macquarie Bank's AFSL conditions dropped
  • ASIC commences proceedings against Macquarie IM
  • Macquarie Securities (Australia) adds to Macquarie woes with contraventions
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