Update on gender equality: we are making some progress
/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 MoreAustralians worried about the rising cost of living, whitepaper says
/Recent 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 MoreFund Product, Company and Regulatory Updates as at 23 April 2019
/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
Fund People as at 23 April 2019
/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
Substantial outflows - US Monthly Fund Highlights - March 2019
/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 MoreRisk commissions support crew steps up
/The fight over risk commissions is heating up, with major industry players stepping up to fight for commissions in the face of government and regulatory opposition.
Read MoreConsumers confused by general, personal advice
/ASIC’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 MoreRisk 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 People as at 16 April 2019
/AMP board changes
BT adds to underwriting team
IOOF appoints head of advice governance
Westpac transitions with acting advice GM
Integrity Life builds adviser support team business development managers
Managed account use on the rise, but terminology is thwarting progress
/Managed 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 MoreIOSCO's behavioural insights report into retail investors
/A 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 MoreFund Product, Company and Regulatory Updates as at 9 April 2019
/QB 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
Fund People as at 9 April 2019
/Pinnacle welcomes new head of retail, marketing director, director of listed products
QIC appoints new chair
Ernst & Young appoint super and insurance expert as partner
Mine Super appoints new CIO
J.P. Morgan welcomes new CEO
AMP Capital appoints new local real estate head
Future Fund creates new deputy CIO role
Rice Warner changes to leadership team
New head of Australasia at Blackrock
FSC welcomes new board members
Sunsuper welcomes AustSafe Super’s CEO in new role after merger
Aberdeen loses head of fixed income
BUSSQ puts long-standing CIO ‘on leave’
IOOF loses MD in Royal Commission take-down
APRA and ASIC release insurance stats for the public to digest
/In an exciting first for Australia, insurance statistics are now available for consumers to accurately compare the performance of their insurance providers.
Read MoreRisk Product, Company and Regulatory Updates as at 2 April 2019
/TAL introduces business underinsurance workshops
AMP removes leadership bonuses
MLC Life argues for life insurance commissions
Westpac exiting personal financial advice
FASEA adviser education update
Treasury pushing for standardised insurance definitions for group insurance, consultation open
Risk People as at 2 April 2019
/AIA Australia appoints innovation head
TAL filling new remediation head role
AMP loses a board member
Australian and Global ESG Update as at 2 April 2019
/Financial services and the Modern Slavery Act - time’s up
SuperRatings - research into how ‘sustainable’ investment funds are performing
NZ investors take action on tech giants over terror attacks
The Australian Sustainable Finance Initiative launched
Industry Super Holdings under the pump to divest weapons supplier
Disabilities-focused Dutch fund introduces bespoke index
Research Report: Sizing the Impact Investing Market
Life insurance genetic testing moratorium implemented at 1 July
/The FSC has planned early implementation of the Code of Practice genetic testing rules, with consumers able to choose to disclose results below certain cover caps.
Read MoreASIC reports on corporate finance regulation July - Dec 2018
/ASIC has released its six-monthly corporate governance report outlining corporate governance regulation from July to December 2018.
Read MoreFund Product, Company and Regulatory Updates as at 26 March 2019
/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
