Risk Product, Company and Regulatory Updates as at 11 February 2020

Risk Product, Company and Regulatory Updates as at 11 February 2020
  • FPA partners with Deakin University, launches pro bono support for bushfires

  • AMP adds insurers to MyNorth platform

  • Algorithms and artificial intelligence collide with ‘bionic’ advice

  • OneVue takes over Madison Financial Group

  • ClearView halts agreed value IP policies

  • New class action launched against AMP over adviser actions

  • ASIC update on financial advice-related misconduct and compensation

  • New class action launched against AMP over adviser actions

  • ASIC update on financial advice-related misconduct and compensation

  • Class action launched against CFS

  • Westpac facing class action over money laundering

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Fund Product, Company and Regulatory Updates as at 4 February 2020

Fund Product, Company and Regulatory Updates as at 4 February 2020
  • Elevate Super for millennials launches

  • Single investor shuts down boutique Aussie equities fund

  • VanEck launches income product and its first active ETF

  • BlackRock closes ASX-listed ETF

  • Schroders planning private equity fund for local investors

  • EISS rebrands after name confusion

  • Link loses AvSuper to Mercer

  • Sargon collapses

  • Global Merces Funds Management AFS licence suspended

  • Theta AM and Valuestream IM AFS suspensions

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ESG Update as at 21 January 2020

ESG Update as at 21 January 2020
  • Philip Morris seeking regulatory approval for heated tobacco products

  • Social Media Alert: Facebook and Google have 11 months to make deal with media companies

  • ASX200 hits gender equity targets

  • NZ passes new medical cannabis regulations

  • Leaked ANZ document shows bank reducing exposure to coal

  • BHP to quit industry lobby groups that do not support the Paris agreement

  • First: Australia’s highest-paid CEO is a woman

  • Sweden’s Central Bank divests WA and QLD bonds over emissions concerns

  • BlackRock letter lays out tectonic shift in sustainable investing principles

  • Pendal welcomes impact investment team

  • Spain has first day without coal-fired power

  • Germany cements goal of no coal by 2038

  • USA renewables sector investments hit record high of $55 billion, China dominates

  • Shareholder activism increasing

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Fund People as at 21 January 2020

Fund People as at 21 January 2020
  • HESTA appoints chief advice officer, chief risk officer

  • GROW Super appoints deputy CEO

  • First Super appoints co-chair

  • Acadian AM appoints vice president of product and wholesale markets

  • ASX appoints new directors

  • Sunsuper appoints directors

  • MyState CEO resigning in July

  • Aurora FM CFO resigns

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Fund Product, Company and Regulatory Updates as at 24 December 2019 - 7 January 2020

Fund Product, Company and Regulatory Updates as at 24 December 2019 - 7 January 2020
  • TPT Wealth launches new platform for digital services

  • BetaShares launches new diversified ETFs

  • Iress buys blockchain comms platform

  • Halifax Investment Services AFS licence further suspended

  • Second consultation package for Superannuation Data Transformation released

  • Pershing Securities charged with breaching client money obligations

  • HESTA pushing for simpler super splitting

  • APRA approves IOOF to hold controlling stake in OnePath Custodians

  • Avanteos with extra licence conditions after charging fees to dead members

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