Industry Updates

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.

RIAA CEO to exit at end of year

Simon O’Connor has resigned as CEO of the Responsible Investment Association after serving in the role for more than 10 years and will depart at the end of the year.

Post-mat leave flexibility challenges female advisers

Flexibility after maternity leave poses a significant hurdle for female advisers aiming to advance their careers within the advice profession. Allison Dummett, the general manager of Centrepoint Alliance, has emphasised the importance of addressing this issue in the industry.

ASIC warns super trustees to boost efforts to consolidate duplicate member accounts

ASIC is warning superannuation trustees to effectively consolidate duplicate member accounts after a recent review of nine trustees identified poor practices that led to consumer harm.

BlackRock raises over $500m for development of NSW battery

BlackRock Alternatives has raised over $500 million to aid in the development of the NSW Waratah Super Battery.

Spark Financial to launch ‘Legacy’ program

National dealer group Spark Financial will begin operating as a profit-for-purpose organisation when it launches its Spark Legacy Program in the upcoming financial year.

AGILE receives ‘approved’ rating from Lonsec

Allianz Retire+ has received an ‘approved’ rating for its longevity solution AGILE from Lonsec Research.

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