Managed fund registrations soar while super products dip in September quarter: APIR
Industry utility APIR has identified 228 financial product registrations in the September quarter of 2023, in line with the five-year rolling average for the same period.
November 01, 2023
Gender, income gaps persist in retirement savings: ASFA data
Industry data has found that a $25,000 difference in annual salary will mean 10 extra years of work when it comes to accumulating a comfortable superannuation balance before retirement.
November 01, 2023
QAR super advice proposals still in ‘deep consultation’ mode
After announcing super funds would receive an expanded remit to give more advice as part of the Quality of Advice Review response in June, the government is still mulling key policy details, including minimum educational standards and advice fee deduction arrangements. It is also still working on the so-called “quick wins” bill of less controversial advice reforms, dashing hopes draft legislation would be released in October.
October 31, 2023
How super saved Australia from becoming a ‘banana republic’
Australia has shifted from being a capital importer, which it has been for most of its history, to a capital exporter. And as the sector has grown exponentially and turned to global markets for investment opportunities, superannuation funds are a big part of the story.
October 31, 2023
LifeBid raises $1.45m in equity funding
Life insurance platform LifeBid has raised $1.45 million in equity funding since launching its equity raising campaign in August, surpassing its goal of $1 million.
October 31, 2023
MLC Life appoints COO and CPO
MLC Life Insurance has appointed Jane Murray and Kristin Miller to the roles of chief operating officer and chief people officer, respectively.
October 31, 2023
Betashares launches currency hedged version of FTSE 100 ETF
ETF manager Betashares has launched a currency hedged version of its FTSE 100 ETF on the ASX.
October 31, 2023
Financial stress takes a heavy toll: Rest survey
The latest survey by a profit-to-member super fund Rest has revealed that financial stress and cost-of-living pressures are taking a toll on the mental health and outlook of its young members.
October 31, 2023
Requirement met for AMP Capital domestic sale met
AMP and Dexus Funds Management have confirmed the requirement needed to complete the sale of AMP Capital’s real estate and domestic infrastructure equity business Collimate Capital has been met.
October 31, 2023
General advice tipped for post-QAR evolution
While not the top priority of the reform list off the back of the Quality of Advice Review, general advice is set to redevelop in the post-QAR world.
October 30, 2023
Clients willing to vote against ‘unfavourable’ financial services policy
Almost nine out of ten clients of advisers say they are are willing to vote against unfavourable financial services policy, according to research from CoreData. But while the majority of clients are interested in discussing the impact of government policies and macro events on portfolios, less than a fifth consider advisers a valued source of political information.
October 30, 2023
Diverger receives rival acquisition offer
Diverger has confirmed in an announcement to the ASX that it has received a non-binding offer to be acquired by COG Financial Services.
October 30, 2023
