No royal commission into life insurance and financial services
/Bill Shorten wants a royal commission into the financial services industry, saying that not enough is being done and the 'rip-offs' continue.
Read MorePost-divorce financial suffering: Swiss women winning, Korean women not so much
/An interesting study has looked at why there were such vast differences in the financially negative impacts of a divorce on women from six OECD countries.
Read MoreNew tools: Divorce, separation, and your finances
/ASIC has developed a comprehensive checklist and calculator to help people feeling financially at a loose end with their separation or divorce.
Read MoreANZIIF adviser lessons now condensed, online
/ANZIIF is now offering 4-6 week intensive courses in real-world skills needed by financial advisers, instead of semester-based study.
Read MoreRisk People, Product, Company, and Regulatory Updates as at 6 September 2016
/- Zurich finalising job cuts
- Asteron Life updates product definitions
- AMP set to launch ground-breaking definition-less TPD and IP product
- Sunsuper redesigns TPD
- Energy Super using MLC for group insurance
- IA Australia's adviser support site relaunched
- TAL Risk Academy updated
- AFA saga updates, EGM to be held
How investors decide what to invest in by age and wealth
/A research project has examined at what stages we invest in different vehicles, and potentially why this is the case.
Read MoreHey, big spender! How retirees spend money reanalysed
/New analysis by ACFS of HILDA data shows us we've been wrong on a few occasions when making assumptions based on retiree data averages.
Read MoreASIC lays out the law on digital advice
/ASIC is a major fan of digital advice and new innovations, and has laid out its regulatory guidance for automated advice providers in Australia.
Read MoreFund People as at 30 August 2016
/- LGS appoints new board member
- MLC appoints strategic product manager
- Shaw and Partners restructure with co-chief appointments
- Cbus to substantially boost investment team
Fund Product, Company, and Regulatory Updates as at 30 August 2016
/- Sequoia launches two new funds: electric cars and batteries
- EGFM launches unlisted real estate fund
- CFS launches Challenger's CarePlus annuity
- Henderson launches emerging markets fund
- Empirics data collaboration with super funds
- ANZ Wealth developing new model portfolios for retirees with Mercer
- Schroders launches ASX-quoted managed fund
- AMP Capital to liquidate AGF portfolio
- Cbus to take 20pc of assets in-house
- Goldman Sachs closing Australian transition management business
- BT winds up alternatives fund
- Macquarie IM penalised over van Eyk fund
- Ostrava, Marigold Falconer AFSLs cancelled, companies wound up
Snapshot of US Monthly Fund Highlights - July 2016 Report
/Passive funds in demand with US$61bn net commitments, with actively managed mutual funds seeing US$25bn in net redemptions for July.
Read MoreGlobal ETFs surge in July - Global ETF FlowWatch -July 2016 Results
/ETFs surged in July with the largest inflows of the year - US$56bn, signalling broad recovery in the market.
Read MoreBonds leading the way - Global FlowWatch - June 2016 Results
/Bond products lead the way globally with US$38bn in inflows during June, with equity vehicles suffering the most withdrawals.
Read MoreAPRA's life insurance stress test results
/The results of APRA's life insurance industry stress testing has revealed that - at least in theory - we'll bounce back.
Read MoreHow can we encourage consumers to shop around for insurance?
/An Oxera study shows us how we can prompt people to shop around for insurance and other financial products like annuities, instead of sticking with their regular provider.
Read MoreAFA opposes change to constitution
/The AFA is defending itself after a member has called for an EGM to change the constitution.
Read MoreRisk Product, Company, and Regulatory Updates as at 23 August 2016
/- New medical indemnity insurance for medical professionals
- AMP to launch definition-less cover
- ANZ Wealth releases OneCare product and service improvements
Risk People as at 22 August 2016
/- Zurich appoints new Asia-Pacific CEO, adds to risk specialist team, Marshall leaves
- QBE CEO steps down, new underwriting officer
- Female adviser scholarship launched for working students
- PlanPlus 2016 Global Financial Planning Award
- Kaplan adviser skills test launched
Retirees still like income over lump sum
/New data from the ABS shows retirees are increasingly receiving income streams from their superannuation rather than lump sums.
Read MoreWhat the ombudsman's been up to lately
/The financial ombudsman service has been very busy this quarter, with a whopping 9,400 complaints about financial service providers.
Read More