Weekly market update – week ending 14 June 2019

From

Investment markets and key developments over the past week Share markets, rose over the past week with the combination of expectations for rate cuts/policy stimulus and the tariffs being avoided on Mexico offsetting ongoing uncertainty about the US/China trade war and geopolitical tensions in the Middle East and Hong Kong. Australian shares made it to […]

continue reading

Response to APRA directions and conditions on AMP Super licensees

From

AMP notes this morning’s announcement by the Australian Prudential Regulation Authority (APRA) regarding the imposing of directions and additional conditions on the Registrable Superannuation Entity (RSE) licences of our superannuation trustees: AMP Superannuation Limited and NM Superannuation Proprietary Limited. AMP will fully implement the directions and additional conditions. We have been working constructively with APRA […]

continue reading

AFA and FPA team up to form Life Insurance Task Force

From

The Association of Financial Advisers (AFA) and the Financial Planning Association of Australia (FPA) have teamed up to form a Life Insurance Task Force, two years out from ASIC’s review of the Life Insurance Framework (LIF). AFA CEO, Philip Kewin, said the task force has been set up in order to have a combined association approach to the future […]

continue reading

Super changes: What you need to know

From

Changes to insurance in super accounts come into force on 1 July. How does this affect you? Get ready, there are changes coming to superannuation on 1 July that’s likely to affect three million Aussies – are you one of them? The chances are you will be, if either your employer or you haven’t contributed […]

continue reading

Lonsec supports managed account growth with key business development hire

From

Lonsec is pleased to announce that Tony Nejasmic will be joining the team as Head of Wealth Management Sales. Due to the rapid expansion of our managed accounts business, coupled with the ongoing growth of our iRate® research platform, Lonsec is expanding its business development function and is excited about having someone with Tony’s credentials […]

continue reading

FASEA approves higher education Graduate Diplomas and Bridging Courses

From

The Standards Authority has confirmed its approval of a first round of Graduate Diplomas and Bridging Courses from select Higher Education Providers as part of its education standard for financial advisers. FASEA’s review of the courses follows an application from each of the Higher Education Providers listed below. The approval is recognition of the alignment […]

continue reading

Count Plus makes transformational acquisition of Count Financial

From

CountPlus Limited (ASX: CUP), together with a special purpose subsidiary of a discretionary trust established by CUP for the benefit of Count Member Firms (CMFT), will acquire the Count Financial Limited (Count Financial) business from its current owner Commonwealth Bank of Australia (ASX: CBA). CUP will hold 85% and the CMFT 15% of Count Financial.  The […]

continue reading

State Street Global Advisors now offering ETF Model Portfolios through Praemium

From

State Street Global Advisors, the asset management arm of State Street Corporation (NYSE: STT), has announced it has partnered with leading Managed Accounts platform Praemium to offer a suite of new exchange-traded fund (ETF) Model Portfolios. The ETF Model Portfolios available on the Praemium platform include a range of riskbased ETF Model Portfolios – moderate, […]

continue reading

Peak Re develops a new cancer multi-protection solution for Vietnam – Part of the Company’s strategy to narrow underinsurance gap in emerging Asia

From

Peak Reinsurance Company Limited (“Peak Re”), a Hong Kong-based global reinsurer, has developed a unique multiple cancer benefits reinsurance solutions for Vietnam. It is part of the Company’s strategy to support the evolving needs of the emerging middle class and address the protection gaps in emerging Asia. “Cancer Multi-Pay” is a multi-protection policy that provides […]

continue reading

Five new appointments at Frontier Advisors

From

Frontier Advisors has announced the appointment of five new hires in their consulting team, in the same month as three other recently appointed staff join the expanding firm. The new additions to Frontier will bolster capability across a number of key areas of the business, including Investment Strategy, Alternatives, Debt, Technology and general consulting. Paul […]

continue reading