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Life insurers lost $3.4b over five years: APRA

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... release better insights into marker trends and developments by implementing individual DII data collection, due to be released next year.

Tasplan chief to exit, merger confirmed

KANIKA SOOD  |  FRIDAY, 29 NOV 2019
... to merge on October 2020. Current Tasplan chief executive Wayne Davy will stay on until the merger date. However, starting next October, MTAA Super chief executive Leeanne Turner will take over as the chief executive of the new merged fund. In another ...

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... "Effective fees and costs disclosure supports better decision-making by consumers and the advisers who assist them." ASIC said its next step would be to focus on fees and costs disclosure on platform arrangements next year, with industry bodies set to ...

FASEA exam tips from those who passed

ELIZABETH MCARTHUR  |  THURSDAY, 28 NOV 2019
... questions in slightly different orders - he had felt confused when he got a multiple choice question first up and the person next to him started typing a long answer. All the panelists advised doing practice exams for experience but warned some questions ...

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... larger buffer than APRA's CET1 capital ratio benchmark of 10.5%." Separately, ANZ has moved to quell fears it may be the next big bank in AUSTRAC's sights, releasing a statement which sets out the actions the bank has taken to help in the prevention ...

FPA consults on future of advice, policy initiatives

JAMIE WILLIAMSON  |  WEDNESDAY, 27 NOV 2019
... of Australia has released a discussion paper outlining the major issues to impact the financial advice industry over the next five years. The Financial Planning Association of Australia has released a discussion paper outlining the major issues to impact ...

Super funds set to dominate ASX: Deloitte

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
Australia's superannuation system is set to balloon beyond $10 trillion in the next 20 years and may come to own more than 60% of the market capitalisation of the ASX, according to Deloitte. New analysis from the global consultant shows the next 20 ...

Chief economist update: As low as Lowe will go

BENJAMIN ONG  |  WEDNESDAY, 27 NOV 2019
The RBA's growth and inflation forecasts and the Taylor Rule calls for just one more rate cut next year. So there we have it ladies and gents, the answer to every Australian's question du jour, how low will domestic interest rates go? I posed ...

Countdown to FPA Congress

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2019
... a different purpose or different model of business because what has got you to this point is not going to take you to the next phase," Tate-Lovery told Financial Standard. "It's easy to say that but nobody shows you how to do it. So this whole conference ...

J.P. Morgan predicts extended income squeeze

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... improved slightly this year compared to last year's assumptions. Average global equity returns forecasted by J.P. Morgan for the next 10-15 years indicate a rise of 50 bps. Meanwhile, the assumption for Australian equities has come down to 5.8% (minus ...