AIA appoints GM of group partnerships
Life insurer AIA Australia has appointed George Stavliotis as general manager of group partnerships, focusing on the group insurance sector.
September 27, 2023
Vanguard rules out digital, intra-fund advice play
While Vanguard is supportive of the Quality of Advice Review’s increased advice scope for super funds, the wealth giant has little interest in bringing on internal advisers or offering digital advice. Instead, it will try to rely on online calculators to meet its obligations under the Retirement Income Covenant.
September 26, 2023
ASIC calls out ‘lack of focus on fairness’ in remediation
After taking a hands-off approach with the release of its remediation regulatory guide a year ago, a review by the corporate regulator has identified systemic issues with the fair and timely remediation to consumers. But compliance consultant Sean Graham says the move should give licensees some comfort.
September 26, 2023
CFS appoints group CEO
Colonial First State has appointed Suncorp Bank CEO Clive van Horen to the role of group chief executive officer, following an extensive global search.
September 26, 2023
Payton Capital appoints chief risk officer
Payton Capital has picked up Qualitas chief risk officer Robert McLellan for the same role.
September 26, 2023
Franklin Templeton appoints director of institutional business
Franklin Templeton has appointed Thakshi Wijesundara as senior institutional business director.
September 26, 2023
US giant Merchant backs risk advice firm in first local deal
New York-based private equity firm Merchant Investment Management has inked its first local deal, almost 12 months after entering the Australian market. It has taken a non-controlling, undisclosed stake in national advisory firm MBS Insurance in a move Merchant partner David Haintz says reflects strong demand for risk insurance specialisation.
September 25, 2023
Adviser value worth 5.9 pc in 2023: Report
Investment returns for advised Australians are 5.9 per cent better off than non-advised investors, according to a report by investment manager Russell Investments. The findings could help advisers articulate their value to clients and the extra return the profession delivers.
September 25, 2023
ART launches Net Zero 2050 Roadmap
Industry super fund Australian Retirement Trust has launched its Net Zero 2050 Roadmap, outlining its commitments to achieving a net zero greenhouse gas emission investment portfolio by 2050.
September 25, 2023
UniSuper appoints BNP Paribas for collateral management
Industry super fund UniSuper has appointed BNP Paribas’ Securities Services to provide triparty collateral management services for its global trading activity.
September 25, 2023
Financial stress takes a toll: TAL research
A recent research study by life insurer TAL has highlighted the impact of financial stress on employees and the role of financial literacy in mitigating it.
September 25, 2023
Count acquires Diverger in $45m deal
Creating the third-largest licensee, the acquisition pairs Count – with its large number of equity stakes – with service-focused Diverger. The deal allows both businesses to leverage expertise in areas the other has been aiming to grow.
September 22, 2023
