Long-term mutual funds and ETP deposits up - US Fund Monthly Highlights - October 2017 Report
/Net deposits in October were a substantial increase from the US$43.3 billion in net new flows seen in September.
Read MoreFund Product, Company and Regulatory Updates as at 28 November
/- MLC completes investor-based fund offering
- UniSuper moves toward a public offer fund
- gigSuper reaches out to niche market
- Netwealth and SelfWealth announce ASX listing
- BYN to merge investment firms
- Frontier Advisors announces new investment consultant
- Optimum Pensions launch new product
- Mercer assist members experiencing violence
- ASIC cancels AFS licence
- Orders against Gold Coast company obtained by ASIC
- ASIC acts against SMSF scheme
- ASIC welcome paper proposing fees-for-service changes
- ASIC accepts enforceable undertaking from Foster Stockbroking
- Bell Potter pays infringement notice
- Dubai and Australia fintech cooperation
Fund People as at 28 November
/- Former chief joins Future Fund
- WTW expands Sydney investment team
- Frontier Advisors hires specialist
- CIMA appoints chairs
- Perpetual names manager
- Perpetual executive departure
- Aurora finance officer terminated
ASIC confirms restrictions of 'independently owned'
/ASIC has confirmed the restriction of certain terms used in the finance industry to increase consumer comprehension.
Read MoreHigh levels of claims acceptance reported
/ASIC and APRA are seeking to formalise risk definitions industry-wide for life insurance claim data collection and analysis.
Read MoreRisk Product, Company and Regulatory Updates as at 22 November
/- Victoria practice acquired by AZ NGA
- AMP LIF hub boosted
- ANZ LIF hub launched
- BGL life insurance solution enhanced
- Tower acquisition dropped by Suncorp
- ASIC accepts NAB and ANZ enforceable undertakings
Risk People as at 22 November
/- ASIC appoints new member to FSCP
- Nominations for 2018 Insurance Business Awards open
NAB research reveals different investor 'personas'
/A new white paper from NAB examines the three different identifiable personas of Australian investors, and looks into how to help them best.
Read MoreETF assets hit US$4.442 trillion - Global ETF FlowWatch - September 2017 Results
/ETFs globally recorded US$39 billion in net flows during September, hitting US$4.442 trillion globally.
Read MoreFund Product, Company and Regulatory Updates as at 14 November
/- KSI launches landbanking managed fund
- Face ID available for My AMP and Bett3r customers
- Westpac sells asset manager
- Push for affordable housing asset class by Industry Super
- ANZIIF wins award overseas
- Australia and China fintech co-operation
- ASIC obtains freezing orders
- Two companies lose financial services licence
- Citibank refund credit card customers
- Citibank refunds following misleading statements
Fund People as at 14 November 2017
/- COBA names new chief executive
- Silicon Valley consultant hired by ANZ
- Equip Super appoints new head
- NAB begins recruiting after announcing job cuts
- Perennial appoints two heads
- Legg Mason appoints new head
- Telstra Super appoints new executive
- ASIC announces initial Financial Services and Credit Panel members
- Global chief of State Street to retire
Increased need for and satisfaction with advice, but client numbers fall
/The number of Australians seeking financial advice is declining even though the need for advice, and adviser satisfaction, is rising.
Read MoreRisk People as at 8 November 2017
/- New state manager appointed at Synchron
- Interim chief executive named for Centrepoint
- Fortum names new head
- FPA award finalists
Almost halfway - CFA exam-takers almost half women
/The CFA Institute has reported that in 2016, half of its exam-takers were women, taking us a step closer to gender parity in investment management.
Read MoreCosts for retirees in Australian cities increases
/Retirees' cost of living is on the rise and many are struggling to keep up.
Read MoreAfterpay - revolutionising the old-fashioned layby
/Afterpay brings the old-school layby to millennials.
Read MoreRisk Product, Company and Regulatory Updates as at 8 November 2017
/- MLC expands policy discount
- GPS robo-adviser launched
- OneCare offering mental health support
- LIF resource launched by ANZ
- OneVue sells RE business
- AMP rolls out enhanced advice business
- Victorian presence boosted by Elders
- ASIC suspends AFS licence
- Financial advice firm to pay penalty
- ACCC insurance inquiry forms
- Wellness message taken to Canberra
Fund Product, Company and Regulatory Update as at 3 November 2017
/- StatePlus partners for retirement transition
- GROW Super cuts fees
- BTFG life insurance APL widened
- AB reduces retail fees
- Melbourne boutique terminates fund
- Fund launched by Charter Hall, consumer spending backed
- First boutique partners named by Bennelong subsidiaries
- Impact fund launched by Standard Life
- Fintech start-up launches world-first tech
- Acorns tool to invest in the future
- Equity Trustees enters super fund merger
- Australian Trustee hits top 10
- New Insurer named for VicSuper
- Midwinter partners with management platform
- AMP’s departs platform
- Equity research firm expands
- Fund management guidance overhauled by ASIC
- Trans-Tasman fintech collaborative approach confirmed
Fund People as at 3 November 2017
/- Macquarie appoints new director
- Portfolio manager appointed to Spaceship
- Financial officer appointed to LUCRF Super
- MD appointed by Franklin Templeton
- New ASIC chair named
- Inaugural chief executive appointed by ACSA
- Fiducian executive chair transition
- VanEck expands development team
- UniSuper hires for equities team
- Finalist announced for SelectingSuper Awards
- Contango chief departs
Genetic testing could increase the cost of claims
/Personal genetic testing has the power to change the way people choose their life insurance.
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