Fund Product, Company and Regulatory Updates as at 28 May 2019
/TAL wins big with two new industry super fund group insurance mandates
Hostplus fined for claiming ‘independent’ financial advice
Goldsky companies liquidated, declarations made
TAL wins big with two new industry super fund group insurance mandates
Hostplus fined for claiming ‘independent’ financial advice
Goldsky companies liquidated, declarations made
TelstraSuper appoints new chair
Catholic Super welcomes new chair
SuperConcepts restructures executive team
JANA switches up the board
Equity Trustees appoints head of fund services
Citi appoints head of Australia
Mercer appoints administration business head
CBA board member leaving
UBS co-head of equities Aus and NZ steps down
Club Plus Super loses chair to Parliament
A research report reveals the behaviour and motivations of the new breed of financial advice clients, and discusses how advisers can capitalise on the changing financial landscape.
Read MoreAPRA reviewing ESG matters
AMP compiles 10 ESG issues on investor agendas
Sand: the environmental catastrophe you missed
Is the renewables market busting?
Westpac going 100 per cent renewable by 2025
Cannabis - an update on regulatory trends and industry developments
Renewables supplied 77 per cent of Germany’s electricity on Easter Monday
Brunei punishing gay sex, infidelity, with stoning and whipping
A research report looks into which Australian states have the worst gender superannuation balance gaps.
Read MoreASFA is calling on the Government to fast-track the SG shift to 12 per cent, instead of waiting another two years, saying it could make a huge difference to many super balances.
Read MoreCFS 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
AMP Capital welcomes interim operations head
AustralianSuper appoints director
Macquarie Capital appoints group co-leads, loses group head
Suncorp Super appoints interim chair
Janus Henderson loses entire emerging markets team
Global long-term mutual funds collected US$87 billion in net new money during February, with all market regions reporting positive flows.
Read MoreETFs recorded US$45 billion in net flows globally during February 2019 as the global stock markets start to recover.
Read MoreCSIRO invites public discussion on AI ethics
Australians top ‘most responsible asset allocator’ list
NZ Super divests weapons
State Street calls for Australian board annual elections for all directors
Norway restricts coal investments while opening up renewables
$1bn green infrastructure investment boost in Southeast Asia
Exxon shareholders not allowed to vote on climate resolution
Socially responsible investments hit US$30 trillion
The Financy Women’s Index is a quarterly update on how we’re going with gender equality. This is the update on the March 2019 quarter.
Read MoreRecent research shows that the biggest concern amongst Australians is the rising cost of goods and services, however this is not the only issue keeping us up at night.
Read MoreVanguard 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
Rice Warner welcomes new CEO, says goodbye to founder
GROW Super appoints head of strategy
State Street appoints new international business CEO
Hostplus hires group insurance head
Rest appoints innovation and transformation head
AvSuper appoints new directors
Macquarie IM appoints COO Asia-Pacific
SMSF Association loses founder and CEO
TelstraSuper chair departing
Tribeca loses portfolio manager
UniSuper executive reshuffle with new senior appointments and departures
FASEA appoints two new directors
We saw a reversal in flows in March, with outflows of US$9.2 billion after inflows of US$12.0 billion in February.
Read MoreASIC’s recent report on whether consumers are clued up on what is classified as ‘general’ or ‘personal’ advice has revealed a massive issue with terminology.
Read MoreManaged account use by financial advisers and their clients is on the rise, but educating clients presents a challenge for the industry due to terminology conflicts.
Read MoreA new report for regulators lays out how investors are biased, and how regulators can do better to protect retail investors in spite of these biases.
Read MoreQB launches execution algorithm on ASX
IFM Investors opens European office
VicSuper and First State Super consider merger
NAB scraps 'introducer payments’
Christian Super launches Aboriginal and Torres Strait Islander reconciliation plan
Institutional Shareholder Services acquires Strategic Insight
New alternatives platform launch
New small caps boutique at Fidante Partners
Zurich closes international equities fund
Australian Super increases insurance premiums
Refundable franking credits removal fails committee approval
Budget relaxes super contribution rules for retirees
Product dashboards for MySuper products temporary disclosure-related relief extended
APRA’s new powers in the super realm
New laws for financial product design and distribution pass
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