AFA supports industry-wide response to life insurance review

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The Association of Financial Advisers (AFA) has responded to the release of ASIC’s review of retail life insurance advice report (the Report) by supporting the establishment of a cross-industry working... Read more continue reading

Damien Mu elected to FSC board

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Damien Mu, CEO of AIA Australia has been elected to the board of the Financial Services Council. “With more than 17 years’ experience in the Australian financial services industry, spanning... Read more continue reading

Don’t panic

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There was a whiff of panic in markets at times last week. Equities and oil prices took a hit, long-term government bond yields fell across the developed world, emerging market and... Read more continue reading

Bennelong appoints National Account Manager

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Bennelong Funds Management (Bennelong) has appointed Zac Wallis to the role of National Account Manager. The new role has been created to further strengthen the sales team and reinforce Bennelong’s... Read more continue reading

Share market correction

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Key points Global, and particularly Australian, shares have seen a bit of a pull back over the last month which could have further to go in the short term. However,... Read more continue reading

Trustees’ duties are often misunderstood, says SPAA

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The wide-ranging responsibilities of SMSF trustees to all fund members are often misunderstood and unappreciated by their critics, says Graeme Colley, Director, Technical and Professional Standards, of the SMSF Professionals’... Read more continue reading

Car sales hit record highs; New home sales lift

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New home sales; Performance of Services; New vehicle sales New home sales rise: New home sales rose by 3.3 per cent in August after slumping by 5.7 per cent in... Read more continue reading

Findex agrees to acquire Crowe Horwath

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The Findex group yesterday announced the proposed acquisition of Crowe Horwath Australasia Ltd at a price of $0.50 cents per share which, if successful, would ascribe an enterprise value around $200... Read more continue reading

New APRA data shows FSC member funds outperform industry funds

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The first report on MySuper performance and fees released by APRA yesterday is a game changer for the way superannuation is reported, the Financial Services Council said. Andrew Bragg, FSC Director... Read more continue reading

ASIC and AFSA announce refreshed memorandum of understanding

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Australian Financial Security Authority’s Chief Executive Veronique Ingram and Commissioner John Price of the Australian Securities and Investments Commission (ASIC) have announced the release of a new Memorandum of Understanding... Read more continue reading