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29 August 2019 • By Sarah Simpkins • 1 min read

ASIC action pushes Allianz to refund $8m

Allianz Australia Insurance will be refunding more than $8 million in consumer credit insurance (CCI) premiums and fees, with the insurer to stop ...

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Australian Ethical records 21% uptick in FUM

Fund manager Australian Ethical has announced a 21 per cent rise in funds under management of $3.42 billion for the financial year 2019 off the back ...

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Super funds to boost offshore allocations

The majority of Australian superannuation funds, at 72 per cent, intend to ramp up their allocations to international assets over the next two years, ...

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AFCA welcomes new ASIC powers

In a published submission, AFCA has welcomed the new ASIC product intervention powers that will enhance the commission’s regulatory toolkit

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Pinnacle enters active ETF market

Pinnacle Investment Management is entering the active ETF market with the launch of two ETFs, marking a major milestone for the company

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AMP Wealth head pushes robo-advice

AMP Wealth Management chief executive Alex Wade has said it is the “moral obligation” of the industry to provide affordable advice, backing digital ...

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APRA chair warns tech renders regulation ‘inadequate’

APRA chair Wayne Byres has said the prudential regulator’s framework is ill-prepared for new technology in the financial services sector, ...

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Transformative year pays dividends at Clime

Clime Investment Management Limited has announced a strong 2019 financial year result after what its chief executive called a transformative year

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Big banks created ‘false’ advice industry: IOOF

IOOF’s new chief executive has charged the big banks with the “crisis of confidence” in financial advice that the industry is dealing with today

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IFM sets emissions targets across Aus assets

IFM Investors has set emissions reduction targets across its major assets, such as Ausgrid, Melbourne Airport, Brisbane Airport and NSW Ports, through ...

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