AFCA hit by super early release complaint surge The Australian Financial Complaints Authority has been hit by a surge of complaints relating to hardship early release superannuation, with many based on superannuation funds checking the validity of the claims. For more.

Platform consolidation on the horizon Financial advisers are likely to find themselves with fewer choices of investment platforms as the sector appears to be on the brink of a further round of consolidation. For more.

Investors look to Japan but funds struggle Over the last week investors globally piled US$1.4 billion into Japanese equities but most Australia-domiciled funds focused on the country have struggled to beat the sector average benchmark. For more.

Class action against CBA for junk insurance Slater and Gordon have filed a class action against the bank for selling customers “worthless” insurance. For more.

Australian ETF industry's FUM up 4% Funds under management across the Australian exchange traded fund industry have grown more than 4% in May, according to BetaShares. For more.

Consumer confidence back to pre-COVID levels Analysis from AMP Capital shows consumer confidence is back to pre-COVID levels, but not yet to its historical peak. For more.

Eaton Vance launches new ESG strategies Eaton Vance has announced the launch of a series of separate account equity strategies, the Calvert ESG Leaders Strategies, for institutional and professional investors. For more.

Aussie ETP at $63.77 billion The exchange traded product industry experienced the fourth highest monthly inflows in May at $1.66 billion, with $739.6 million directed at Australian equities, according to VanEck. For more.

Arawa Capital launches $40m cyber security fund Arawa Capital has announced it has launched a $40 million investment fund aimed to take control positions in cybersecurity, defence and national security related businesses. For more.

Fact Check: Hyperion Global Growth Companies fund Laura Dew writes the Hyperion Global Growth Companies fund is a global equities fund weathering the pandemic storm better than its counterparts. For more.

A brave new financial world With the Budget postponed until October, the economic stimulus measures implemented for COVID-19 mean advisers have to contend with a whole new world, writes Jeff Scott. For more.