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Group insurance dominates life insurance channels: Poll

KARREN VERGARA  |  MONDAY, 29 JAN 2018
The majority of people canvassed in Financial Standard's weekly poll reveal they have life insurance via their superannuation fund. About 60% of respondents said life insurance was available via their employer or super fund. Almost one-in-three (32%) ...

ASIC ramps up surveillance and remediation after adviser conflict report

KARREN VERGARA  |  THURSDAY, 25 JAN 2018
ASIC is ramping up its surveillance and remediation processes to help curb further adviser conflicts of interest within vertically integrated institutions. In light of the Report 562 findings, which examined adviser conflicts of interest across bank-owned ...

O'Dwyer proposes compulsory unpaid super law

KARREN VERGARA  |  THURSDAY, 25 JAN 2018
... proposals for overcoming barriers to better compliance, she said. Last year the Government also introduced legislation to close a loophole that enables unscrupulous employers to short-change employees via salary sacrifice arrangements. O'Dwyer is welcoming ...

Population growth drives real income

DARREN SNYDER  |  THURSDAY, 25 JAN 2018
Australia's continued population growth and the Federal Government's support of an open immigration policy will be critical for retirees seeking sustainable investment income. These key drivers lend themselves to further investment in and development ...

Chief economist update: No stealth tapering, no exit strategy...yet

BENJAMIN ONG  |  WEDNESDAY, 24 JAN 2018
... annual pace of about ¥80 trillion. With so much liquidity sloshing around the system, the Nikkei-225 index jumped 1.3% to close at its highest level - 24,124.15 points - in 26 years despite the yen's advance to a ¥110.41 close versus the greenback ...

Lack of advice costing women in retirement

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
Financial advisers must work closely with female clients to devise strategies to safeguard their retirement savings in the event of a career break. Insight from a recent REST Industry Super survey shows career breaks are costing women at least $160,000 ...

Phone leads life insurance sales: Roy Morgan

KARREN VERGARA  |  MONDAY, 22 JAN 2018
Using the telephone was the most popular means of purchasing life insurance policies in the year to November, the latest Roy Morgan survey shows. One-quarter (24.7%) of the 7632 consumers polled in Roy Morgan's Single Source survey rang the company ...

Money managers eye household debt

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
The US Federal Reserve is raising interest rates and other central banks have signalled they too will pare stimulatory measures introduced in the wake of the GFC, all of which has significant consequences for money managers in 2018. The Reserve Bank ...

Last chance to win a Google Home

STAFF WRITER  |  FRIDAY, 19 JAN 2018
... greater access to content via social media platforms. To have your say, fill in the survey now! The survey is open until close of business on January 19 (today) and takes less than five minutes to complete. Respondents will remain anonymous and the findings ...

Aussie crypto fund opens to wholesale investors

DARREN SNYDER  |  FRIDAY, 19 JAN 2018
... have built and the partnerships we have formed as we take next step," he said. Applications ahead of the fund launch will close on January 25 and the fund will thereafter be open to new investors on a monthly basis, Apollo said. The call for investors ...