Industry Updates

Rest’s ESG option certified by RIAA

Rest’s ESG option has achieved certification from the RIAA’s responsible investment certification program.

‘Detraction from a great client experience’: Moving on from paper SOAs

Statements of Advice have long been a viewed as protection document for advisers and licensees rather than a guide for consumers. For practices that have adopted video SOAs the process has become streamlined and they can more confidently prove consent from the client.

Lightning and thunder: BlackRock’s tight market forecast

BlackRock is underweight in developed market equities with headwinds expected in markets due to tightening on monetary policy.

FPSB seeking candidates for board

The Financial Planning Standards Board (FPSB) is seeking nominations for two open three-year positions on its board of directors, beginning on 1 April 2024.

Australian Retirement Trust and Alcoa Super to merge

Australian Retirement Trust (ART) has entered a Memorandum of Understanding (MoU) with Alcoa of Australia Retirement Plan (Alcoa Super).

First Sentier Investors partners with AlbaCore Capital Group

Investment manager First Sentier Investors (FSI) has entered a strategic partnership with European credit manager AlbaCore Capital Group.

Measure twice, cut once: getting regulatory reform right – this time

Hastening slowly and consulting widely (again) is how Minister for Financial Services Stephen Jones aims to make sure we’re not just being set up for another review of advice regulation in a few short years’ time.

Jones lauds local regulatory resilience amid global banking crisis

Minister for Financial Services Stephen Jones is confident in the resilience of Australia’s prudential regulatory regime amid the current banking crisis sparked by the fall of Silicon Valley Bank. The Minister described Australia’s prudential framework as a win for those who held strong against the push for deregulation.

Victims could wait until 2024 if CSLR bill not passed this month

With the return of Parliament this week for a fortnight of sittings, the Minister for Financial Services Stephen Jones has called for the passage of the Compensation Scheme of Last Resort.

First stage of AMP Capital sale complete

AMP has announced a $337 million deal will be completed at the end of the week which will see the real estate and domestic infrastructure equity business be sold to Dexus Funds Management.

Novigi to be out source provider for Mercer’s Wollongong tech services

Specialist data and technology services provider Novigi will be the outsourcer for Mercer’s Wollongong business.

Aware Super restructures investment team

Aware Super has restructured its investment team in line with its strategy to deliver strong risk-adjusted returns for its members and manage $250 billion FUM by 2026.

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