ASIC exam cost rises to $1500
The cost of the ASIC adviser exam has risen to $1500, after only being $597 when it commenced in 2019 under FASEA, according to the ASIC website.
ETFs see positive flows in 2022 while managed funds struggle
The Australian ETF industry received $13.5 billion of net inflows, outdoing the Australian managed funds industry, according to data from ETF provider BetaShares.
TAL launches 2022 SpotChecker program, reiterating value of preventative skin safety
Life insurer TAL has launched the seventh annual iteration of its SpotChecker program to promote the importance of skin safety, preventative health screening, and early detection for overall health and well-being.
The figures are in: Big 14 super funds represent 80pc of assets
APRA’s annual release of fund-level superannuation statistics shows the presence of 14 large funds managing just over 80 per cent of industry assets amid a sizable but shrinking number of very small funds who hold less than $10 billion each.
Meet the future CTO: Our new chief trust and security officer
The future chief technology officer is part James Bond, superhero and homeland security officer who drives continuous technological evolution.
Falling markets knocked US$2 trillion off sovereign wealth funds in 2022
Falling stock and bond markets last year saw the assets of sovereign wealth funds and public pension funds fall by more than US$2 trillion to US$31.4 trillion, according to the latest report by New York-based industry analyst Global SWF.
Justice Derrington to depart ALRC
Justice Sarah Derrington is leaving the Australian Law Reform Commission (ALRC) as its president and will be replaced by Justice Mark Moshinsky in the interim until a permanent replacement is confirmed.
Morningstar announces new Medalist Rating TM system
Morningstar Australasia plans to change the current analyst rating regime to the Morningstar Medalist Rating in the second quarter of 2023.
BlackRock appoints James Raby as APAC head of wealth
BlackRock has appointed James Raby as APAC head of wealth.
Hostplus spurns investment internalisation push: Sicilia
The $94 billion hospitality industry super fund, Hostplus, is determined to defy the market trend to internalise investments, maintaining its strategy of using external managers.
Super fund: product provider or benevolent fiduciary?
Retirees require a central retirement coordinator, and the two lead candidates are Government and super funds. For super funds to perform this role requires them to be acknowledged as more than simply product providers.
Decision making process vital for trustees to discharge best financial interests duty
Trustee boards are under increasing scrutiny in the aftermath of the introduction of the members’ best financial interests duty and the decision-making process is key to ensuring trustees meet their obligation.
