Weekly market update – week ending 3 July 2020

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Investment markets and key developments over the past week Despite ongoing concerns about coronavirus most major share markets saw solid gains over the last week helped by good economic data, positive vaccine news and policy stimulus. Japanese shares fell but US shares rose 4% in a holiday shortened week, Eurozone shares rose and Chinese shares […]

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ANZIIF calls out to industry members and partners to review Loss Adjusting and Underwriting training products

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ANZIIF is calling on members, regulators and other key stakeholders across the insurance industry to provide feedback on the draft loss adjusting qualification (FNS51420 Diploma of Loss Adjusting) and related units, as well as underwriting specific units. The revised loss adjusting qualification will ensure learners have a clear, streamlined pathway to becoming a chartered loss […]

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Counting the cost of COVID-19 

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2020 is proving to be a challenging year for investors with most asset classes adversely impacted by the COVID-19 global pandemic. In its latest sector report on Property, Zenith Investment Partners found that property investors have not been immune to market volatility. For the 12 months to 31 May 2020, the Australian and Global Real […]

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FPA names Allen Ozdil as the Semester 1, 2020 winner of Gwen Fletcher Memorial Award

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The Financial Planning Association of Australia (FPA) has named Mr Allen Ozdil of Pitcher Partners in Melbourne, Victoria, as the Semester 1, 2020 winner of the Gwen Fletcher Memorial Award. With only two and a half years under his belt as a financial planner, Allen Ozdil has taken out the prestigious Gwen Fletcher Memorial Award […]

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At the 10th anniversary of teleclaims, the majority of BT’s retail life insurance claims are now processed without filling in forms

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The majority of BT’s retail customers who are making a claim under their life insurance policies are now doing so by teleclaim, without the need to fill out claim forms. This makes for a more convenient, faster and efficient process, during what is often a very stressful time for customers. Since BT’s first-to-market launch of […]

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Schroders expands its private assets offering in Australia

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Schroders has launched a private equity fund for Australian investors and has signalled its intent to offer more private asset solutions locally. The Schroder Specialist Private Equity Fund (SSPEF) aims to provide a greater range of investors with access to the often hard-to-reach global private equity markets. Chris Durack, Schroders Australia CEO, says the fund […]

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AMP completes sale of life insurance business to Resolution Life

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AMP Limited has announced the completion of the sale of its life insurance business, AMP Life, to Resolution Life for A$3.0 billion delivering a key priority in AMP’s transformation strategy. The total sale proceeds are A$3.0 billion comprising: A$2.5 billion cash; and A$500 million equity interest in Resolution Life Australia[1], a new Australian-domiciled, Resolution Life-controlled […]

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Equity Trustees appointed as superannuation trustee for AMP Life customers

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EQT Holdings Ltd (ASX: EQT) has announced the appointment of Equity Trustees Superannuation Limited as superannuation trustee for AMP Life Limited’s  (AMP Life) superannuation funds replacing current trustees N M Superannuation Proprietary Limited and AMP Superannuation Limited. AMP Life has more than $7 billion invested in these superannuation funds held by more than 340,000 Australians and […]

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Zenith completes the acquisition of Chant West

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Zenith Investment Partners has confirmed that it has completed the acquisition of the Chant West superannuation and consultancy business from ASX listed company Chant West Holding Ltd, (ASX: CWL). David Wright, CEO of Zenith commented, “We’re very pleased to complete our acquisition of the Chant West super and consultancy business and to welcome the Chant […]

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Copia signs exclusive partnership and launches Artisan Global Discovery Fund

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Copia Investment Partners has announced a strategic partnership with Artisan Partners, a global asset manager with $A172 billion under management worldwide as at 31 May 2020. Under the agreement Copia will act as exclusive retail distributor for Artisan Partners’ Global Discovery strategy in Australia and New Zealand. The Artisan Global Discovery Fund, an investment fund […]

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