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Responsible managed funds outdo markets

ANDREW MCKEAN  |  FRIDAY, 22 JUL 2022
The responsible investment managed funds market in Australia and New Zealand experienced 43.6% annual growth, outperforming the wider market. Plan For Life research said on average, over the past five years, responsible funds grew 22% per annum compared ...

Recession a distinct possibility: Natixis

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
Most investment strategists believe that a recession is a distinct possibility over the next six months, with a Natixis survey showing that nearly one-quarter think it's inevitable. "After six months of navigating rising rates, inflation and geopolitical ...

Claim support a key skill for advisers: Report

CASSANDRA BALDINI  |  THURSDAY, 21 JUL 2022
Financial advisers across Australia now play a greater role in supporting clients through life insurance claims, with almost 80% of advisers saying it's a key part of their offering. TAL commissioned The Value of Financial Advisers at Claim Time to ...

Consultation on faith-based products opens

JAMIE WILLIAMSON  |  THURSDAY, 21 JUL 2022
... that might affect how the product is assessed would attract a civil penalty equivalent to $532,800, explanatory materials show. Treasury is hoping to have the legislation updated in time for faith-based statuses to be applied and considered in the 2022/23 ...

Inalytics develops new data-driven model

CASSANDRA BALDINI  |  WEDNESDAY, 20 JUL 2022
Inalytics has developed a skills-based data model that allows pension funds and other institutional asset owners to effectively and efficiently screen and monitor asset managers. The model, 'DECSIS', analyses the four core investment decisions and processes ...

Octopus launches renewable energy platform

CASSANDRA BALDINI  |  WEDNESDAY, 20 JUL 2022
Octopus Australia has launched a renewable energy platform for institutional and wholesale investors, with backing from partners including Hostplus. The wealth manager simultaneously closed two funds that are co-investing into a multi-billion-dollar ...

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
In the realm of investments and advice, the number of complaints made to the Australian Financial Complaints Authority over the interpretation of product terms and conditions increased more than six-fold last financial year, while complaints about inappropriate ...

Pendal, Perpetual in acquisition talks

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
The two entities are in high-level discussions, it's been confirmed. Pendal entered a trading halt shortly after midday yesterday, pending an announcement. Later in the afternoon, the manager announced it is in discussions with Perpetual regarding a ...

ANZ, Suncorp deal cops industry backlash

CASSANDRA BALDINI  |  TUESDAY, 19 JUL 2022
ANZ's proposed takeover of Suncorp's banking division has generated varying industry speculation. The Australian Competition and Consumer Commission (ACCC) has raised concerns around the deal and announced plans to commence a review of the acquisition ...

HUB24 posts record platform inflows

ANDREW MCKEAN  |  TUESDAY, 19 JUL 2022
... brokers, boutique advice practices and self-licensed advisers. Further, HUB24's latest available strategic insight data show that it maintained second place for annual net inflows. The wealth management platform also increased its market share to ...