Productivity Commission: 'general advice' is a misnomer, get rid of it
/The Productivity Commission is calling for a change in advice terminology to encourage better consumer understanding of financial products.
Read MoreRisk Product, Company and Regulatory Updates as at 20 February 2018
/- AustralianSuper cuts premiums
- AMP discounts healthy clients
- AIA pain education program
- ANZ upgrade discount offer
- ClearView flat fee offer
- Melbourne financial businesses fined
- New chair appointed to life code compliance committee
- ClearView refunds poor sales practices
- CBA puts away money for regulatory costs
Risk People as at 20 February 2018
/- Centrepoint announces executive officer
- NAB appoints regional GM
- Fortnum appoints executive
- TAL appointed sales head
- AIA appoints chief
- Chant West founders retire
BNP Paribas completes blockchain technology test
/BNP Paribas has completed testing on blockchain technology for the ASX, with implementation imminent.
Read MoreASFA: super solutions for gig economy
/ASFA is recommending law changes to allow gig economy workers to properly contribute to their superannuation funds.
Read MoreRecord highs - Global ETF FlowWatch - December 2017 Results
/Worldwide ETFs hit record high of US$646 billion in net flows in 2017.
Read MoreFund Product, Company and Regulatory Updates as at 13 February 2018
/- Industry veteran acquires SMSF Alliance
- FTSE Russell partners with Qantas Super, launches gender diversity indices
- Pacific Current sells insto investment firm stake
- New website launched by The Tax Institute
- Instreet Investment increases holding in Acorns Grow
- Civil proceedings against CBA commence
- ASIC removes OpenMarkets licence conditions
- ANZ refunds undisclosed charges
- Westpac credit card remediation update
Fund People as at 13 February 2018
/- BlackRock appoints financial institutions head
- Westpac appoints board member
- JBWere alumnus joins Koda Capital
- Sales lead appointed by Perennial
- New chair appointed by FSC
- Fidante appoints new head
- Zurich appoints new head
- Lazard chief steps down
Roy Morgan survey shows phone sales lead life insurance sales
/A new Roy Morgan survey shows how different groups of Australians rely on remarkably different channels to buy life insurance.
Read MoreAIA Australia calls for rehabilitation expenses to be covered by insurers
/AIA Australia joins the call for legislation to be changed to allow insurers to cover more rehabilitation expenses.
Read MoreIn-house product bias confirmed by ASIC
/A new ASIC report reveals bias towards in-house insurance products.
Read MoreRisk Product, Company and Regulatory Updates as at 6 February 2018
/- AIA Australia's cancer wellness program launched, policy fees waived
- MBS Insurance joint venture
- Advice firm offers life insurance
- Online Australian consumer brand offering life insurance
- Global alliance formed by insurtech associations
- OnePath Life purchased by Zurich
- Integrity Life moves into retail
- Electronic medical certificates adopted by BT
- Medical specialist board created by TAL
- Commonwealth Bank planning licence conditions update
- Propositions to give ASIC power to ban products
- ASIC reviews insurance advice
- FSC requiring three insurers on APLs
Risk People as at 6 February 2018
/- TAL appoints manager
- AIA appoints chief
- KPMG appoints insurance and wealth lead
- CBA appoints executive officer
- AMP appoints chief financial and chief operating officer in one
- CBA appoints new managing director
- AMP awards advisers at Advice Summit
- BTIM investment officer retires
Oxfam: Australia’s deepening wealth gap
/Oxfam report shines a light on the widest wealth gap in the past two decades and calls for change.
Read MoreUpdate: Royal Commission
/The Royal Commission will hold its first public hearing.
Read MoreGender diversity index launched by Bloomberg
/Bloomberg strides into gender diversity, creating an index. Members listed.
Read MoreFund Product, Company and Regulatory Update as at 20 January 2018
/- Chatbot launched by Commonwealth Bank
- Zurich AFL sponsorship deal
- OpenMarkets announces integration, appoints executive
- Tourmaline Partners opens Sydney office
- UBS global wealth restructures
Fund People as at 30 January 2018
/- Club Plus appoints for growth
- QIC appoints investment director
- FinTech chair resigns
New Funds in Global Markets - 3Q 2017 - Asia, Local Europe, and Cross-Border
/Across Asia, Europe and Cross-Border markets, long-term funds launched during 3Q’17 garnered US$67.4 billion in net new investor money.
Read MoreNovember deposits fall - US Monthly Fund Highlights - November 2017 Report
/Long-term mutual funds and ETPs saw net deposits of US$40.6 billion in November, a significant fall from the US$73.4 billion as seen in October.
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