Industry Updates

TAL launches Insurance Academy for super fund partners

Life insurer TAL has launched the TAL Insurance Academy, a learning and development platform that provides its superannuation fund partners with access to on-demand education and training.

Foresters Financial adds veteran super CIO

Financial services company Foresters Financial has appointed Michael McQueen as chief investment officer. 

Get to the point: Clear advice will win out

With speculation mounting over the future of Statements of Advice, the fundamental focus won’t shift – advisers must prioritise clear advice strategies.

‘Less serious’ misconduct will draw FSCP hearing

Matters of less serious misconduct may still require a hearing in front of the Financial Services and Credit Panel, according to ASIC.

Hostplus surges to $100 billion in FUM

Hostplus has passed $100 billion in funds under management, which has been driven by mergers and strong member growth in its personal division.

Mirova & Robeco lead initiative to develop global database of avoided emissions factors

Asset management company Mirova, international asset manager Robeco, and a group of 11 financial players have launched a call for expressions of interest to develop a global database of avoided emissions factors and associated company-level avoided emissions.  

Cbus Super and EISS Super complete merger

Cbus Super has merged with EISS Super on Monday, following extensive due diligence and planning, welcoming 17,000 new members. 

AZ NGA claims stake in HNW advice practice

AZ NGA has entered into a strategic partnership with High Net Worth advisory firm Rose Partners.

BlackRock appoints client business head

BlackRock Australia has appointed Jonathan Jenkins as head of client business in Victoria, Tasmania, South Australia, and Western Australia.

Inflows surge into fixed income ETFs, latest data shows

ETFs have become the beneficiary of increased fixed income inflows as younger professional advisers prefer the simplicity and low cost of using retail exchanges.

Outlook for bonds positive amid potential recession

Fixed income continues to offer compelling benefits for Australian investors’ equity-dominated multi-asset portfolios.

The opportunity in private markets

One of the mechanisms investors have adopted in recent years to reduce the volatility of their portfolio returns is to allocate a component to private market assets.

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