Risk Company Updates
/Count Financial class action filed
Park Lane Advice launched for divorcées
AMP reviewing business units
CBA class action for expensive insurance products
Two Sydney advice companies merge
IOOF acquires MLC Wealth
Risk Regulatory Updates
/FASEA releases draft amendments to Education Legislative Instrument
Economics Committee hearings for big banks on pandemic response
New adviser disciplinary body launch delayed
Risk People Updates
/IOOF announces restructure of licensees
QBE CEO resigns after complaint
Zurich makes new appointments
AMP Limited welcomes new chair
ANZ chair retiring
Centrepoint Alliance loses investment head
Risk Regulatory Updates
/ASIC commences proceedings against BTFM and Asgard over fees for no service
ASIC takes RI Advice to court over cybersecurity failures
FASEA exam update - feedback, new course approved
Risk Company Updates
/New dealer group, Finchley & Kent, launched
Bendigo and Adelaide Bank facing new Great Southern class action
OneVue take Taiping to court for sale proceeds
FOFA-related class action against AMP, CBA and Westpac
CFA Institute takes exams online
Risk People Updates
/Westpac appoints board member and operations chief
AMP appoints two new heads of risk and acting chief
Zurich integrates with OnePath, changes leadership
MLC Wealth appoints chief risk officer
ESG Research Update
/Martin Currie publishes new regular ESG report on current issues
Report: ESG Didn’t Immunise Stocks Against the Covid-19 Market Crash
European Monthly Insights - June 2020
/Assets under management in the European fund industry increased to €9.9 trillion in June 2020, bringing European AUM just 7% below the record high following the Covid-related decrease.
Read MoreUS Monthly Fund Highlights - July 2020
/Money Market flows have turned sharply in the past two months, with redemptions of US$64.0 billion in July, however, YTD flows remained just shy of US$1 trillion despite these substantial withdrawals.
Read MoreGlobal ETF FlowWatch - June 2020
/Globally, ETFs saw US$56 billion in net flows during June 2020, with bond ETFs in the lead, followed by equity and commodity ETF products.
Read MoreFund Regulatory Updates
/IOSCO launching 2020 World Investor Week
APRA recommence policy program and new licence issuance
Early Release of Super (ERS) Update
/AIST calls for government to top up low-income ERS recipients
Many ERS applicants not eligible
Over 600,000 members lose insurance after ERS
ERS referred to Auditor-General
Police charge ERS scammers
Fund Company Updates
/Australian Catholic Super and NGS Super to merge
ESG-only manager Promethos Capital entering Australian market
NAB Asset Servicing loses CareSuper custody mandate after over 20 years
Class buys Smartcorp
Fund Product Updates
/Northern Trust announces redeveloped ESG analytics capabilities
VanEck to launch four new ETFs
Challenger expands annuity range
Super funds stop classifying new members as default smokers
HESTA consolidating investment options
Warakirri announces new retail funds
Perpetual launches two new ESG funds
Milford launches multi-asset fund to Australian market
Fund People Update
/FEAL appoints board member
Schroders appoints private debt head
Future Super appoints investments committee executive chair, governance head
Maple-Brown Abbott appoints first-ever risk chief, head of finance and PR
Westpac welcomes director of global investment services in NSW
Cbus appoints head of service, member and employer experience
First State Super loses deputy CEO
AMP Capital CEO and executives depart
Christian Super CIO resigns
IMAP managed account awards 2020 finalists announced
Fund People Update
/Alcoa welcomes chairman
AMP Capital appoints head of real estate
Christian Super welcomes new CIO
Zenith appoints GM
Franklin Templeton executive reshuffle
Australian Unity welcomes new retail CEO
Cbus welcomes CEO
Australian Ethical appoints two new executives, two new roles
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 Update
/Pinnacle closes Australia’s first zero-fee ETF
ETF Securities launches two new Ultra series ETFs
Janus Henderson launches ETF on Chi-X
BetaShares launches two currency-hedged global ETFs
State Street listing ESG ETF
Magellan set to pool three versions of Magellan Global Fund
ESG Aus and NZ Update
/Australian student sues Australia
First State Super to divest coal holdings from October
