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| | | ASIC has extended its product intervention order banning the issue and distribution of binary options to retail clients until 1 October 2031. Since coming into effect in May 2021, the ban has successfully prevented retail clients from losing money trading ... |
| | | | The superannuation giant has jumped two places in a global survey of pensions and now ranks number 20 with total assets of US$169 billion. According to annual research conducted by the Thinking Ahead Institute and Pensions & Investments, 15 Australian ... |
| | | | ... financial institutions that pool funds for investment, encompassing managed funds and super funds. ABS research showed the total managed funds industry fell $180.2 billion (-4%) to $4296.3 billion in funds under management, during the June quarter. The ... |
| | | | ... Report 696 TPD insurance: Progress made but gaps remain (REP696), which examined claims handling practices in the context of total and permanent disability (TPD) insurance. The Financial Services Royal Commission examined several case studies of egregious ... |
| | | | ... is there are quite a number of members that are combined across the two associations, several hundred, I think... so the total will be less than the sum of the parts. But we're certainly hoping that members will see the benefits of this merger and ... |
| | | | ... sittings of the Financial Advisers Exam - the final opportunities for existing advisers to pass - have been successful. In total, 628 advisers sat the exam in July and August. Of these, 76% were attempting the exam for at least the second time. The exams ... |
| | | | ... will be engaging with the four trustees to ensure members achieve better outcomes as quickly and safely as possible. In total, APRA assessed 69 MySuper products with 93% passing. Further, five of the products that failed last year's test passed this ... |
| | | | ... Meanwhile, net flows from the adviser channel were up 46%, Australian Ethical said. While these were positive, the group's total net flows were down 8%, coming in at $0.94 billion. "In line with our strategic roadmap, we will continue with disciplined ... |
| | | | Six of the largest financial institutions have paid or offered a total of $3.6 billion in compensation to consumers over fees for no service and non-compliant advice. The new stats come as the Financial Planning Association of Australia calls for an ... |
| | | | ... 64% on FY21). HUB24 reported record platform net inflows of $11.7 billion, up 32% from the previous year. Correspondingly, total funds under administration (FUA) grew by 12% to $65.6 billion. HUB24 said its business footprint continued to evolve with ... |
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