Industry Updates

Metrics appoints external relations director

Metrics Credit Partners has appointed Kivanch Mehmet as external relations director as investors’ interest in private debt continues to rise.

‘Nonsensical and stupid’ to think super funds shouldn’t give advice: Levy

Quality of Advice Review lead Michelle has argued consumer protections put in place have created the appropriate guardrails for the institutions to give advice and will be needed as part of the “broader church” to make advice accessible and affordable to more Australians.

Farewell, John

The end of a six year tenure leading the SMSF Association will come to an end 1 March. Outgoing CEO John Maroney reflects on the journey with Conexus Financial group publisher Simon Hoyle.

HUB24 regains top platform spot: Investment Trends

Investment Trends has released its 2022 Platform Benchmarking and Competitive Analysis Report, which has seen HUB24 regain top spot over Netwealth.

Advisers have ‘critical role to play’ in SMSF credibility: Regulators

The health of the SMSF sector is reliant of the professional judgement and expertise of financial advisers, according to regulators from ASIC and the ATO. With a “significant variance” in the knowledge and capability of new and existing trustees in running their SMSFs, planners are needed as gatekeepers to filter out people inappropriately creating their own funds.

‘Nuts’ not to explore super funds investing for the national interest: Jones

Trustees will always be free to investment members’ money in the way they consider best, according to financial services minister Stephen Jones. However, it comes with the caveat that doing so must align with a yet-to-be agreed objective for super.

Andrea Slattery awarded SMSF Association life membership

Co-founder and inaugural SMSF Association managing director Andrea Slattery has been the first to be awarded life membership by the association.

ClearView divesting managed investments business

ClearView will take a 40 per cent strategic stake in investment technology firm Human Financial in exchange for the former’s managed investment business.

AXA IM aligns compensation of senior executives to its ESG ambitions

As part of its commitment to becoming net zero as a business and investor by 2050 to help the transition to a more sustainable world, AXA Investment Managers (AXA IM) is now including ESG targets in the remuneration of its senior executives.

Yarra Capital Management appoints Apex Group for $100 million fund

Yarra Capital Management has appointed Apex Group to support the Yarra Private Capital Discovery Fund.

SMSF sector wary of the account cap Trojan Horse

The government’s draft purpose of super statement has the self-managed super fund sector marshalling its forces to resist any unwarranted push to limit fund account balances.

Always a ‘natural limit’ to SMSF growth

The SMSF sector’s primary concern is getting the advice piece right rather than focusing on growth, according to a panel discussion.

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