Industry Updates

Australian funds lag global peers on unlisted asset valuations

Scarce valuations, poor valuation methodologies and long redemption windows call into question whether members are getting a fair deal, experts say, as APRA signals higher standards are due.

ASFI begins work on sustainable finance capability

The Australian Sustainable Finance Institute has begun work to improve capability across the finance sector and support a stronger pipeline of talent into the industry. 

Mercer appoints three non-executive directors

Mercer has appointed three non-executive directors to its fiduciary boards.

The topsy turvy world of retirement advice and guidance

Financial planners are naturally better positioned to deliver superior retirement outcomes than super funds, but research from the Conexus Institute suggests there is one aspect funds will increasingly use that the advice profession could also be taking advantage of.

Look abroad for more talent

While high schoolers and career changes present decent talent pools, the Financial Advice Association has suggested looking overseas for people who are willing to pursue the appropriate qualifications.

Federated Hermes appoints investment director

Federated Hermes has appointed Sian Long as investment director of impact and sustainable equity strategies. 

Nuveen launches RE strategy for private wealth clients

Global asset manager Nuveen has launched the Global Cities Real Estate Fund, its first locally-domiciled unit trust for Australian private wealth clients.

Grow wins HESTA admin mandate

Building on the relationship with Mercy Super, Grow Inc. will supply administration services to HESTA.

E&P names successor CEO/managing director

Ben Keeble will replace Peter Anderson as CEO and managing director of Dixon Advisory parent company E&P Financial Group at the start of next year.

Self-licensed advisers the ‘next failure’

Almost four and a half years after the Hayne Royal Commission revealed negligence and misconduct among the largest licensees, the next frontier for misconduct will be with self-licensed practices.

Rest invests in ARCHIMED

Profit-to-member superannuation fund Rest has taken another step towards its impact investment target with an investment in specialist private equity firm ARCHIMED.

Netwealth updates Wealth Accelerator wrap platform

Netwealth has launched an enhanced version of its flagship Wealth Accelerator wrap platform to support sophisticated multi-asset portfolios.

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