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| | The total number of superannuation funds in Australia will halve over the next decade, says Mercer. In its inaugural Shaping Super report, Mercer predicts the number of super funds in Australia will decline by another 30% over the next five years and ... |
| | | First Sentier Investors has appointed Kevin Kandasamy as its head of institutional distribution for Australia and New Zealand with immediate effect. Kandasamy, who is Melbourne-based, will report to First Sentier managing director and head of distribution ... |
| | | CBRE data reveals foreign investment in Australian commercial property has reached a new annual record, with $16.6 billion in office, retail, industrial and hotel assets having changed hands year to date. The analysis shows that North American investors ... |
| | | Some members of Australia Post Super Scheme (APSS) will enjoy reduced insurance premiums as the fund makes several alterations. The $8 billion APSS informed members that there will be a few changes to investments, strategic asset allocations and group ... |
| | | In reviewing decisions made by super funds in relation to unlisted assets early last year, APRA has found an overreliance on external parties like fund managers and asset consultants by some, possibly to the detriment of members. It also found instances ... |
| | | Risk advisers will need to reduce their expenses by up to 25% to remain profitable as further Life Insurance Framework changes come into effect on January 1. New research commissioned by MLC Life shows commission-only financial advisers - particularly ... |
| | | The use of cold calling to sell direct life insurance will be prohibited in the New Year.. ASIC will ban unsolicited cold calling in life and consumer credit insurance sales from January 13 next year, following a period of consultation with industry ... |
| | | OnePath Life has launched 10-year premium projections on alteration quotes in a bid to provide greater clarity for financial advisers and their clients. The insurer said the projections, for existing OneCare and OneCare Super policies, will enable advisers ... |
| | | Of the 1728 new Australian Financial Services Licence applications ASIC considered last financial year, 758 were approved. Close to 200 AFSLs were cancelled in the same period. Latest statistics from ASIC show that of the 758 approvals, 303 comprised ... |
| | | A Melbourne financial advice firm launched its own personal risk insurance offering. New and existing clients of Hewison Private Wealth can now obtain life, TPD, income protection and trauma insurance, free from commissions. Clients that take out policies ... |
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