Trade surplus soars; US trade near record lows

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International trade Trade surplus: The trade surplus rose from $725 million in May (previously $827 million) to $1,873 million in June. It was the 11th surplus in 13 months. Net exports: Net exports... Read more continue reading

Commentary on non-farm payrolls from Lachlan McPherson, Charles Schwab Australia

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Lachlan McPherson, Senior Investment Consultant at Charles Schwab Australia, said: “Job growth significantly missed market expectations, but the wider numbers still paint a robust picture of the domestic labour market.... Read more continue reading

Affinia launches new dealer service to empower independent AFSLs

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National dealer group, Affinia, has announced the launch of ‘Affinia Access’, a new support service designed to enable Australian financial services licensees (AFSLs) to trade under their own license and... Read more continue reading

Professional standards reforms for financial advisers – ASIC update

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The Australian Securities and Investments Commission (ASIC) has announced changes to reporting dates for a number of required notifications in the transition to the new financial adviser professional standards reforms.... Read more continue reading

FINSIA calls for overhaul of superannuation sector

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FINSA has called for the fundamental purpose of superannuation to be legislated to protect the retirement interests of all working Australians. In its submission to the Royal Commission into Misconduct... Read more continue reading

ASIC’s review of exchange traded products identifies areas for improvement

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ASIC has completed a review of the exchange traded products (ETP) market in Australia, including exchange traded funds, aimed at ensuring the market is delivering on promises to investors. The... Read more continue reading

AMP appoints new Advice executive

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AMP has appointed experienced financial services executive Luke Symons as Director, Channel Performance & Growth in its Advice business to help drive the company’s rebuilding and growth strategy forward. This... Read more continue reading

ASIC updates guidance for funds management industry

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ASIC has released a suite of seven new and updated regulatory guides to provide comprehensive guidance to the funds management industry. The guidance has been updated for changes arising from the... Read more continue reading

ASIC approves the Banking Code of Practice

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ASIC has approved the Australian Banking Association’s (ABA’s) new Banking Code of Practice (the Code). ASIC’s approval of the Code follows extensive engagement with the ABA, following a comprehensive independent... Read more continue reading

Mercer unites key industry players to attract diverse talent in investment management

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Key players in the investment management industry have joined forces to launch Future IM/Pact – an employee value proposition aimed at attracting more diverse talent into investing roles with an initial focus... Read more continue reading