Industry Updates

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.

Advisers prioritise efficiency and reliability – but are advicetech vendors delivering?

AI systems like ChatGPT and the Quality of Advice Review have dominated discourse in the advice profession, so it’s no surprise it will lead the insights Investment Trends aims to gather in its latest tech needs survey.

‘It’s a part of our journey’: Advisers reflect on the meaning of retirement

Advisers spend their days ensuring their clients have a decent nest egg for retirement, but what retirement means for advisers themselves is up to their own interpretation.

MLC Life Insurance appoints general manager

MLC Life Insurance has appointed Craig Dainton as general manager of customer and adviser operations. 

GSFM & AEP launch film and television fund

GSFM has partnered with Australian Entertainment Partners to launch the AEP Screen Fund, which will invest in film and television projects made in Australia.

Invest Blue and Lumiant pair up for $2m digital platform partnership

Financial advice firm Invest Blue has partnered with software company Lumiant to build a cloud-based digital advice platform that aims to boost client engagement, satisfaction, and well-being.

Who says we need more advisers anyway?

The experience pathway is touted as a way to stem the outflow of advisers from the profession. But is it worth diluting professional and ethical standards for an uncertain benefit?

AustralianSuper to pay back $70m for excessive charges

AustralianSuper has apologised to around 100,000 members after a review of its processes found a combined $70 million worth of incorrect charges. Super Consumers Australia has called on all super funds to transparently review its processes to confirm members are not paying any similar charges.

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