Industry Updates

MyNorth wins Chant West innovation award

AMP North retirement solution MyNorth Lifetime has won fund innovation of the year at the Chant West 2023 Super Fund Awards.

Vanguard re-shuffles exec team amid Aus retail business change

Vanguard Australia has made several appointments to its executive team, combined its two retail direct businesses (superannuation and non-superannuation), and expanded its product division.

Insignia Financial appoints super & risk executives

Insignia Financial has appointed Anvij Saxena as chief risk officer, while Mark Oliver has been appointed head of super.

Anomaly enabling banned advisers to avoid public shaming

Due to a legal loophole, the public may not find out some financial advisers have been slapped with a ban. This could have potential consequences for consumers seeking a financial adviser or for buyers doing due diligence of a practice.

‘The ultimate member experience’: HostPlus sets ambitious goal

There has never been more public scrutiny on super funds to improve key member experience metrics such as retirement products, investment options, and advice. HostPlus member experience lead Paul Watson discusses how the fund is responding to this challenge.

Tyndall AM launches investment fund

Tyndall Asset Management has launched the Australian Small Companies Fund, which invests in a diversified portfolio of approximately 25-70 Australian small-cap companies that Tyndall AM believes are undervalued. 

ACSI releases voting system to promote gender balance on boards

The Australian Council of Superannuation Investors has released a new voting policy to promote gender balance in Australia’s listed company boardrooms.

Govt announces anti-scams centre

The federal government has announced the establishment of a cutting‑edge National Anti‑Scams Centre (NASC) as part of an $86.5 million package.

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.

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