Fund Product Update
/Iress launches digital advice tool SuperSmart
Tiger Brokers launching AI investment assistant
Global X launches ex financials and resources ETF
Pengana launching global private credit funds
Fund Regulatory Update
/Mutual Care AFS licence suspended
Assurance Cover Australia AFS licence cancelled
Ascent Investment to liquidate under court order
APRA heatmap reveals 45 per cent underperformance rate
APRA revealed options that significantly underperformed, managed by:
Future Super penalty for greenwashing
Government announcement on paying super with wages
APRA and AFCA sign MoU
APRA consultation on combining product histories
Risk People Update
/Fortnum appoints business development specialist
MLC Life welcomes new executives
Integrity Life welcomes new BDM, partnerships manager
RISK: helping people
/According to a study, interest in helping others is the primary reason for individuals choosing a career in financial advice.
Read MoreRisk Regulatory Update
/Consultation opens on experience pathway for advisers
FPA and AFA request delay to adviser registration requirements
Risk Company Update
/Viridian buys Enlightened Financial Solutions
Risk Product Update
/AIA launches incentives program for clients
Fund People Update
/SMSF Association appoints head of membership
Cboe appoints head of communications, marketing specialist, client relationship manager
AFCA CEO reappointed
Goldman Sachs farewells chair
Aviva Investors welcomes client solutions director
Cbus CEO departs, interim appointed
AMP appoints deputy chief economist
Mercer Super appoints executive team
Fund Regulatory Update
/Labor government looking at super fund role in advice to members
ASIC acts against 11 SMSF auditors
Binance AFS cancelled
Starfish FS AFS licence cancelled
Consultation on super performance opens
Fund Company Update
/Challenger offloading real estate business
Fund Product Update
/Global X launches equity ETF
Maple-Brown Abbott relaunches responsible investment fund
Asian Monthly Insight - February 2023 Highlights
/Investment fund assets in Asia witnessed a declined over the month and stood at US$4.7 trillion in February 2023. Over the last six months, the Asian funds industry has grown by 6.1%.
Read MoreEuropean Monthly Insight - February 2023 Highlights
/European assets under management (AUM) fell by 0.3% in February 2023 and capped at €11.9 trillion. In the last six months however, AUM has increased by 4.5%.
Read MoreRisk Regulatory Updates
/FAAA: FPA and AFA merger complete
NobleOak found in breach of standards
Risk Company Updates
/Steadfast Life and Insurance House Life merge
Spark Financial launch consumer digital investment solution
Australia behind in life insurance accessibility and affordability
/According to a recent study by the Swiss Re Institute, Australia ranks lower than other advanced economies and emerging markets in life and health insurance availability, accessibility, and affordability.
Read MoreRisk Product Updates
/Betashares launches practice development tool
ART creating digital advice platform
ClearView updates ClearChoice
YFYS superannuation review outcome
/The review aimed to identify unintended consequences of laws leading to poor outcomes for members, with a report published with its findings.
Read MoreSuper satisfaction down, but still higher than average
/Roy Morgan's Super Satisfaction Report found fund satisfaction decreased by 5.4 percentage points to 66.6 per cent in February, down from a record high of 72 per cent in January 2022.
Read MoreIOSCO report reveals threats to retail investors
/A report issued by IOSCO identified several escalating threats to retail investors, with the report to shape ASIC’s agenda.
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