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The Australian Securities Exchange (ASX) has released findings of The Australian Share Ownership Study, indicating there has been a decline in total share ownership despite ownership in Australia remaining high by international standards.

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The former head of Lonsec stockbroking, Norman John Graham, has been convicted of insider trading.

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The private sector is more than capable of providing the capital required to back a thriving annuities market, according to Challenger Life chief executive Richard Howes.

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The Australian life insurance industry saw a $3 billion net profit after tax for the year to 31 March 2013.

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Super fund member satisfaction rose strongly over the past year, but member engagement barely moved and industry fund advice take-up remained low, according to a recent report.

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Advice businesses running their own model portfolios will now face operational risks stemming from the Future of Financial Advice (FOFA) legislation’s “onerous” best interest requirements, according to one risk expert.

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There is a lack of consistency in the calculation of risk margins, caused in part by failure of the Australian Prudential Regulation Authority (APRA) to provide adequate guidance, according to recent research.

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Actuaries are missing opportunities to add value in the financial services industry, according to a panel of experts.

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iga Magazine

Beyond the hype

Self-managed superannuation is booming, with financial advisers being drawn to the light in greater numbers. But how big is the SMSF opportunity really, and what are the challenges? Read more >>