How ASIC sought to rein in FASEA code The Australian Securities and Investments Commission actually sought to rein in some elements of the Financial Adviser Standards and Ethics Authority code of ethics that it believed went beyond the requirements of the law. For more.

Life insurers still falling short on their own code The life insurance industry’s own Life Code Compliance Committee has slammed the insurers for being so inconsistent that the committee has been unable to deliver meaningful insights into any improvement. For more.

One EM fund makes a return Only one emerging market fund for the past decade has viewed pandemics as a systemic risk and was positioned well before COVID-19 hit which has allowed it to actually make a return. For more.

Super has added $500b to households since inception The compulsory superannuation system has added $35 billion to the bottom 20% of workers by income, according to research. For more.

ASIC permanently bans former Melbourne manager The Australian Securities and Investments Commission has permanently banned Melbourne former responsible manager, Anthony David Wynd, from providing financial services. For more.

Insto investors seek dedicated China exposure Institutional investors are increasingly investing in dedicated China funds rather than just via broader global emerging market strategies. For more.

Super Transaction Network resilient during cyberattack tests Despite recent cybersecurity attacks to Australia, the nation’s Superannuation Transaction Network is well positioned to withstand cyberattacks. For more.

MSCI finds ESG indices outperform broader indices Responsible investment indices outperformed their non-responsible counterparts during the first quarter of the year, according to MSCI. For more.

PictureWealth acquires Neo Financial Services Financial services licensee Neo Financial Services has been acquired by wealth fintech PictureWealth Holdings. For more.

Time to audit and consolidate financial adviser regulation Too many Governments have looked for quick fixes where financial adviser regulation is concerned and it is time for an audit and the removal of costly and unnecessary layers. For more.

InFocus: A major step in professionalising financial advice The passage of an extension of time for financial advisers to comply with FASEA education requirements in the Senate was a step towards a more professional advice system, writes Zach Castles. For more.