Risk People Update
/TAL wins Life Company of the Year award
Risk Product Update
/NEOS and MLC build life product together
TAL launches masterclasses
Pilot study on holistic financial and psychological care for retiring people successful
/A pilot study has demonstrated that pre-retirement planning boosts advice adoption and financial literacy, with some key benefits highlighted. The South Australian study conducted by Allianz Retire+ and Macquarie University revealed that those participants who are post-work and preparing for retirement have increased levels of financial literacy, an increased likelihood of consulting a financial planner, and higher confidence in their retirement.
Data from Allianz Retire+ shows that just one in six people nearing retirement are engaging with financial advice. After the pilot, people were more willing to engage with advice, improving confidence.
The main study is across three years to track Australians over the age of 50 who are transitioning to retirement and will aim to improve the adjustment to retirement, decision-making, satisfaction and wellbeing. The model uses financial advice with career and health planning to optimise financial and psychological outcomes.
Advisers can get involved and earn CPD points
Fund Product Update
/Schroders launches YFYS fund
KM Property Funds launches social property fund
BetaShares launches two tech ETFs
Fund People Update
/First Sentier welcomes deputy CEO
Cbus appoints chief member officer, deputy chair
CareSuper appoints investment strategy head
Australian Unity appoints ESG lead
Pendal appoints portfolio manager, farewells industry veteran
Schroders restructure, promotions
Fund Company Update
/Super Fierce launches advice platform to close the gender wealth gap
Fund Regulatory Update
/FSC supports funds divesting Russian assets
Risk Regulatory Update
/ASIC seeking feedback on Financial Services and Credit Panel
FPA calls for reduced complexity and greater support for advisers
Risk Company Update
/Zurich launches life insurance advice business
Ebony Rose joins Count Financial
PWG to merge with Nick Stretch Legal
Resolution Life to acquire AIA’s superannuation and investments arm
Risk People Update
/AIA Australia appoints transformation chief
AMP appoints company secretaries
Portabl wins Innovation Championship for insurance for freelancers and gig workers
FPA selects winner for 2022 Gwen Fletcher Memorial Award
Zurich appoints new chief claims officer
Report into ageing and advice needs
/A new report has found that the majority of advisory clients are now aged 60 and nearly half of those are not working.
Read MoreFSC reports on the genetic testing moratorium
/The Financial Services Council (FSC) has released its findings on genetic testing data from the risk insurance industry, finding favourably.
Read MoreSplitting super assets after a divorce is getting easier and fairer
/Superannuation funds are being encouraged to adopt a universal process for splitting couples’ superannuation assets after a divorce: Simpler Super Splitting.
Read MoreState Street Investor Confidence Index February 2022
/The State Street Investor Confidence Index is up in February 2022 to 103.9 from January’s result of 90.0.
Read MoreFund People Update
/Vale Helen Hewett
PwC appoints insurance head
Goldman Sachs welcomes MD of alternatives capital markets
U Ethical appoints board members
FSC appoints new board member
SMSF Association welcomes chair
Vision Super appoints director
JANA welcomes head of quantitative analysis, 4 department heads
Fund Company Update
/AMP Capital rebrand, demerger going ahead
Future Fund and NSW government divest Russian assets
Dixon Advisory clients transferred
CommBank working to deal with financial abuse
Fund Regulatory Update
/ME Bank banking licence cancelled after acquisition
Aware FS fined for fees for no service
ASIC proposes lowering consumer compensation threshold from $20 to $5
European Monthly Insight Highlights - December 2021
/Assets in the European investment fund industry increased by €207 billion in December 2021 to end the year with €13.2 trillion in assets.
Read MoreAsian Monthly Insight December 2021 Highlights:
/Assets Under Management in the Asian fund industry increased in December 2021 to US$5.3 trillion; regional assets under management grew by 7.6% in the last six months.
Read MoreGlobal FlowWatch highlights - December 2021
/Global long-term mutual funds recorded US$143 billion in net new money with local Asia experiencing the largest net subscription of any region, with US$75 billion.
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