ASFA says ditch thresholds for low income earners
/ASFA is calling on the government to remove the $450-per-month wage threshold for payment of the superannuation guarantee.
Read MoreGlobal Fund Insights, 1Q'17
/The long-term mutual fund industry recovers with half a trillion dollars in net flows during 1Q 2017.
Read MoreInternational equities see significant increase in inflows - US Monthly Fund Highlights - May 2017
/International equity funds saw far greater net inflows in May at US$33.4 billion, compared to US$17.6 billion in April.
Read MoreFund Product, Company and Regulatory Updates as at 20 June 2017
/- Kinetic Super improves member cover
- World Vision launches investment fund
- VicSuper launches ESG option
- BlackRock launches two cash ETFs
- BetaShares launches floating rate bond ETF
- AMP updates North platform
- HESTA announces new group insurance provider
- Citigroup pays $50,000 infringement
- ASIC extends Stronger Super start date
- Group Underwriters & Managers (GUM) ASFL cancelled
- Synergy pays penalty for misleading advertising
Genetic testing may threaten life insurance, Actuaries Institute says
/Is genetic testing a threat to life insurance? The Actuaries Institute discusses in a report.
Read MoreLife insurers should not have access to genetic test results, parliament told
/The genetic test conundrum is before the parliamentary committee, with a working group chair stating the case - insurers should not have access to any genetic testing information.
Read MoreInsurance price comparison sites inadequate
/Research into life insurance comparison websites finds comparisons fall short across multiple metrics.
Read MoreRisk Product, Company and Regulatory Updates as at 10 June 2017
/- Zurich updates life insurance suite
- AMP improves adviser platform
- MLC partners with international claims manager
- AIA Australia pilot phase for new health insurance brand commences
- Prime Financial buys another practice
- Link Group buys automated advice company
- New online platform for underwriting agencies and insurers
- New international certification for life insurance and annuity professionals
- ASIC releases commission caps and clawback instrument
- Investment Advisers Alliance AFS licence cancelled
Risk People as at 10 June 2017
/- AFA COO returns as GM policy and professionalism
- IOOF appoints national alliances manager
- Collins Phillips Award winner announced
- AFA and ANZ seek 2017's Rising Star
- NIBA regional award winners announced
ASIC: Major bank compensation update
/ASIC has provided an update to the compensation of the big four banks and AMP due to fees-for-no-service.
Read MoreNew Funds in Global Markets 1Q 2017 - Asia, Local Europe, and Cross-Border
/Almost US$98 billion was invested into over 1500 newly launched long-term funds across Asia, Europe and Cross-border markets, with Asia dominating new products.
Read MoreUS$12bn net flows - ETF Flow Watch - March 2017 Results
/ETFs in Europe recorded US$12 billion of net flows in March, matching the previous month’s result.
Read MoreTaxable bonds see most net inflows - US Fund Monthly Highlights - April 2017
/Taxable Bonds experienced the highest monthly net deposits among long-term funds at US$27.2 billion.
Read MoreBond funds leading again - Europe Flow Watch - March 2017 Results
/Bond Global led for the third consecutive month with €13.7 billion in net new flows, followed by Bond Emerging Markets.
Read MoreAustralia 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 More