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Economic recap: Week to October 1

BENJAMIN ONG  |  MONDAY, 4 OCT 2021
... early-2020 (when the pandemic began) that because of the lockdowns, Venice's murky waters now offered "not just a clear view of the sandy bed, but shoals of tiny fish, scuttling crabs and multi-coloured plant-life". The vaccine did it. While the ...

ASFA urges net zero 2050 targets

KARREN VERGARA  |  FRIDAY, 1 OCT 2021
The Association of Superannuation Funds of Australia is calling on super funds to seriously consider climate change risks and commit to net zero greenhouse gas emissions in a new discussion paper. Climate change risk highlights mitigation strategies ...

Higher premiums a problem, not a trend: AFA

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
The increase in life insurance premiums over the last few years are a problem that needs to be fixed rather than recognising it as a trend, according to AIA's chief executive. Speaking on a panel at the Association of Financial Advisers national conference ...

Stephen Jones changes tack on risk advice

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
Speaking at the Association of Financial Advisers' (AFA) national conference, shadow minister for financial services and superannuation Stephen Jones said his views on life insurance have been challenged. Jones said he has reflected on arguments ...

BlackRock warns against reforms based on assumptions

JAMIE WILLIAMSON  |  TUESDAY, 21 SEP 2021
... previous studies has been exposed. It added: "Any law reform based on an idea still subject to rigorous debate, is in our view, premature and inconsistent with the approach taken overseas. Further, this would abruptly impose direct costs and restrictions ...

Hume puts finfluencer followers on notice

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
Senator Jane Hume is warning consumers who fall victim to bad advice from finfluencers not to rely on the government for compensation. Speaking on the first day of the Association of Financial Advisers national conference, the minister for superannuation ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... middle-income family with a mortgage as the kind of Australians who might benefit from advice around insurance and cashflows but view professional advice as too expensive. "They may have gone online and got some advice from a social media influencer ...

Monster trade in BlackRock's IOZ

KANIKA SOOD  |  WEDNESDAY, 15 SEP 2021
A mystery buyer bought $370 million worth of IOZ units, in a trade size not often seen in Australian ETFs. IOZ tracks the ASX S&P 200 and the trade arrived pre-market open on Friday. Citi handled the trade and confirmed it was involved and facilitated ...

Investors demand credible climate information

ANNABELLE DICKSON  |  MONDAY, 13 SEP 2021
... shows. The Chartered Accountants Australia and New Zealand (CA ANZ) Investor Confidence Survey recorded 87% of investors view voluntary disclosures of ESG information as important to them. Around 85% of retail investors think climate-related information ...

AustralianSuper to shutter property option

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
... acting head of property John Longo slammed media coverage that attributed the property option changes to AustralianSuper's view of an impending crash in property prices. Longo said falling housing prices wouldn't affect its holdings in commercial ...