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

Dwelling approvals hit record highs

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Dwelling Approvals; International Trade; RBA Senate Testimony Dwelling approvals: Dwelling approvals rose by 3.0 per cent in August and are up 14.5 per cent over the year. Over past 12 months... Read more continue reading

Adviser demand for investment bonds prompts growth in Lifeplan BDM team

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Lifeplan Funds Management has promoted Mr Greg Bird to the newly created role of national business development manager.  Lifeplan has created the position following increased demand from financial advisers for... Read more continue reading

House prices take a breather over September

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RP Data‑Rismark report that Australian dwelling prices rose by a small 0.1% over September.  Annual growth eased to 9.3%. Dwelling prices growth has been strongest in Australia’s two largest capital... Read more continue reading

Morningstar makes appointments to Australasian manager research team

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Morningstar has appointed Daniel Cheang, CFA as a Senior Analyst, and Matthew Wu as an Analyst. They will be responsible for undertaking research on Australian and New Zealand managed funds, listed investment companies, and exchange-traded funds.... Read more continue reading

Weekly market & economic update – week ending 26 September, 2014

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Investment markets and key developments over the past week Share markets had a rough week weighed down by a combination of worries about the Fed, tough action against US companies... Read more continue reading

Record Wealth! RBA open to “macroprudential” tools

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Financial Accounts; Population; Job Vacancies; Final Budget Outcome Household wealth stood at a record $7,780.6 billion at the end of June, up $97.4 billion or 1.3 per cent over the quarter. In... Read more continue reading

Band-aid solution: FPA replies to call for Board to oversee advice industry

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The Financial Planning Association of Australia (FPA) yesterday rejected the Financial Services Council’s (FSC) call for a new statutory advice board to oversee the Australian financial advice industry, labelling it... Read more continue reading

TAL appoints new Group CEO

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Australia’s largest life insurer TAL yesterday announced the appointment of a new Group CEO from April 2015. TAL Chairman Duncan Boyle said: “It is with great pleasure that we announce the... Read more continue reading