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Showing 1021 - 1030 of 7324 results for "Life"

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
The regulator issued a warning to investment product issuers after a review found woeful compliance in meeting the design and distribution obligations (DDO). Since last July, ASIC has placed interim stop orders on 26 investment products from 18 issuers ...

Uptick in adviser numbers: Research

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
The financial advice industry bucked the trend for the first time in more than three years, adding 626 advisers during the March 2023 quarter. A new report by Rainmaker Information shows that the advice profession gained several advisers in the non-aligned ...

MLC Life appoints chief investment officer

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
MLC Life Insurance has appointed an executive who will take on the dual roles of chief investment officer and deputy chief financial officer. Hiroyuki Endo, who was most recently the general manager of the separate account investment department for ...

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
... research found. Furthermore, declining home ownership rates across the population will lead to larger differences later in life, including wealth accumulation and retirement outcomes. Taylor Fry principal and the paper's co-author Hugh Miller said that ...

ClearView appoints chief executive

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... broader industry. "As the group's inaugural managing director, Simon has led ClearView to become one of Australia's leading life insurance companies," it said. "Over the last few years, he has successfully guided the business through a period of enormous ...

Skynet fraudster terminated by ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 APR 2023
The regulator issued a permanent ban to the director of Melbourne's Skynet Financial Services for stealing his clients' retirement savings to fund a lavish lifestyle and pay personal debts. Between 2013 and 2017, Terence Rio Nugara advised clients to ...

Lumiant acquires longevity app

KARREN VERGARA  |  FRIDAY, 28 APR 2023
Lumiant has acquired an app that helps financial advisers monitor clients' health, longevity and aged care risks that could impact retirement. Chicago-based Genivity, deemed a health analysis and longevity optimiser (HALO), will integrate into Lumiant's ...

Ord Minnett welcomes head of private wealth

CHLOE WALKER  |  FRIDAY, 28 APR 2023
Former Olympic rower Frank Hegerty has been appointed Ord Minnett's head of private wealth. Aside from his past life as an Olympian, Hegerty boasts over 18 years' experience in the financial services industry, having held senior positions at NAB, Westpac ...

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... Narrabri gas project, enabled by investments from Australia's super funds, they will pollute our sacred water that sustains all life," Wright said.

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... to term deposits and away from equity funds, signalling a shift towards more conservative investment strategies. Plan for Life data revealed that Australian equities funds experienced a decline in net funds inflows, from $12.5 billion in the 12 months ...