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| | | Unprecedented pricing pressure and regulatory forces have led superannuation funds to overhaul group life insurance offerings to better balance competitive premiums with valuable benefits. The overhauls predominantly come on the back of two factors ... |
| | | | Australia business confidence "The RBA's cut to interest rates did not help lift business confidence as we had hoped, even as sales activity continues to improve." This was how National Australia Bank's (NAB) chief economist, Alan Oster interpreted ... |
| | | | Missing detail in the government's superannuation changes laid down in the budget is leaving wealth managers in the dark as to how to advise their clients, a group of leading industry technical services professionals has warned. Around 50 professionals ... |
| | | | US jobless claims It may be that the very disappointing 38K increase in US employment in May was just noise, an aberration. This is the indication given by the latest data on jobless claims. Initial jobless claims decreased to 264,000 in the week ended ... |
| | | | As the largest global demographic group and number one source of global income advisers must adapt their practices to meet the growing demands of millennials, according to Rocky Scopelliti, global industry executive - banking, finance and insurance ... |
| | | | Index provider FTSE Russell has launched a low carbon energy (LCE) data model which tracks the "green revenues" of companies comprising 98.5% of total global market cap. The goal of the new model is to give each listed entity a low carbon industrial ... |
| | | | The Administrative Appeals Tribunal (AAT) has upheld ASIC's decision to ban a financial adviser from providing financial services for five years. Former Meritum Financial Group adviser, Alfie Chong, was initially banned by ASIC for a range of misconduct ... |
| | | | Australia retail sales Australian retail sales slightly missed market expectations for a 0.3% increase in April, growing by 0.2% over the month after rising by 0.4% in March. While a big component of household spending - which, in turn, accounts for ... |
| | | | The Association of Superannuation Funds of Australia has acknowledged the Productivity Commission's challenging task in measuring the competitiveness and efficiency of a complex and heterogeneous system and its wider industry. In its first submission ... |
| | | | The Life Insurance Customer Group has criticised the Financial Service Council's statement of policy priorities, arguing customers will be "worse off" if the Life Insurance Framework goes ahead. The group, formed in 2015 to give life insurance advisers ... |
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