09.12.2011
Don’t consolidate away my insurance policy!

Don’t consolidate away my insurance policy!

 

ASFA estimates there are around 14 million people in Australia holding superannuation accounts; however, there is more than double this number of accounts sitting with funds. The average ratio of accounts to people in Australia is over two to one. Measures are planned to auto-consolidate these accounts and reduce the number of lost accounts. These measures, forming part of the upcoming Stronger Super initiative are expected to reduce the total number of super accounts by between five and six million.

 

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22.11.2011
China’s fund distribution deregulation creates opportunities although barriers still remain

China’s fund distribution deregulation creates opportunities although barriers still remain

From the beginning of October 2011, independent third-party distributors and locally incorporated foreign banks have been able to apply for a licence to distribute funds in China, following deregulation of the industry. This represents a significant step towards opening the People’s Republic of China (PRC) fund distribution market.

 

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17.11.2011
Implementation is key to IT success

Implementation is key to IT success

Within the wealth management industry, regulation is constantly tightening and the client service delivery bar is relentlessly being raised. This invariably puts strain on the bottom line. To combat these effects, the industry increasingly looks to reduce operating costs and increase efficiencies by implementing technology. However, along with the benefits that come from modern IT, also come potential costs and risks. In order to mitigate these, effective implementation of IT projects is critical.

 

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18.10.2011
Mobile websites essential for keeping up with market demand

Mobile websites essential for keeping up with market demand

Rapid expansion in the use of web enabled mobile devices is fuelling the popularity of mobile enabled websites. A recent Celent report  ‘So What If There Is an App? A Survey of Insurance Consumers’ shows that 100 percent of 18 – 29 year olds claim they would use a life insurance app if it met their requirements. These findings can be translated to the broader wealth management industry including superannuation / pensions.

 

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