Australia above OECD average in financial literacy test
/Australia ranks five out of 15 OECD countries for financial literacy of our 15-year-olds.
Read MoreFund Product, Company and Regulatory Updates as at 30 May 2017
/- CFS improves managed accounts capabilities
- New sustainable trading platform launch
- ATO guidance on death benefits released
- Divitiarum Audax AFSL suspended
- Inadequacies found in Macquarie Bank's wholesale FX business
- Courtenay House companies wound up
- ASBFEO intervention sees banks accountable for unfair contract term
- Gallop International AFSL cancelled
- GROW Super launched
- SMSF association merger
Fund People as at 30 May 2017
/- ANZIIF appoints deputy president
- Vanguard appoints head of investments, head of fixed income
- First State Super appoints CFO
- ACSI has a new president
- Decimal board welcomes Pauline Vamos
- J.P. Morgan loses long-term local CEO
- IRESS head of superannuation retires
Govt funds see most outflows - US Fund Monthly Highlights - April 2017
/Government Money Market funds saw the most outflows in Money Market funds at US$17.0 billion.
Read MoreActive management bias in global economy
/A survey offers us some glimpses into 200 professional investors' plans and preferences for 2017.
Read MoreASIC updates conduct and disclosure obligations for advisers
/Technical amendments have been applied to the RG 175 documentation.
Read MoreWhistleblower research project strongly supported
/A whistleblower research project underway has strong support from ASIC.
Read MoreBonds see most inflows - Europe Flow Watch - March 2017 Results
/Bond products were top-sellers for the third month in a row, with €32 billion in net subscriptions.
Read MoreBonds best-seller - Asia Flow Watch - March 2017 Results
/Bond products saw US$16.1 billion in new money setting it off as the best-selling fund category in the region.
Read MoreFund Product, Company and Regulatory Updates as at 23 May 2017
/- ANZ advisers now getting XPLAN direct insurance data feeds
- UniSuper to welcome new members with public offer status
- NAB divests private wealth businesses in Singapore and Hong Kong
- Federal Court involved in application of criminal code for Corporations Act breaches
- Yes FS operations limited
- ASIC gets extra funding for dispute resolution
Fund People as at 23 May 2017
/- Praemium CEO to return
- Sunsuper appoints new investment manager
- CBA hires group executive, CFO
- Netwealth appoints CFO
- APRA appointments
- ACSA appoints deputy chair, treasurer
Risk People as at 16 May 2017
/- MLC appoints client retention managers
- Countplus chair steps down
- Infocus restructure, three new senior appointments
- AFA appoints professionalism counsel
- NIBA award finalists
Risk Product, Company and Regulatory Updates as at 16 May 2017
/- CommInsure enhances underwriting
- AIA Australia - new term level premiums
- Zurich risk product updates
- AZ Next Gen acquires accounting firm
- Government creates one finance industry dispute resolution body
- Insurance claim data collection begins
New financial system inquiry launched into banking
/As part of greater financial system reviews, banks are next in line, with their competitiveness under the microscope.
Read MoreAustralian pension funds at top for climate change
/A climate change risk organisation has ranked Oceania and Europe most progressive in assessing financial risks of climate change.
Read MoreASX blocks web-crawling software
/The ASX has blocked crawling software of its website to stop unlicensed operators from using the information for commercial gain.
Read MoreFund People and Product Updates as at 9 May 2017
/- UniSuper chairman departs, new director appointed
- HESTA appoints new CIO
- Vanguard appoints new CFO
- BetaShares launches new small-cap fund
- Lennox Capital Partners release small-cap fund
ASIC taskforce supports annual breach reporting at licence level
/Naming and shaming is out of favour, while annual data collection of obligations breaches was in.
Read More'Super funds need claims philosophy' - Working Group says
/The ISWG has set out a handful of proposals to get insurance inside superannuation performing better for members, with a more consistent experience desirable.
Read MoreSeventy-three women died in Australia due to domestic violence in 2016 - NAB's charity day nets $100,000
/nabtrade is doing its bit for domestic violence in Australia, with $100,000 raised by donating its brokerage fees for one day per year.
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