Industry Updates

ASIC to expand enforcement focus areas this year

ASIC has warned businesses it will be targeting greenwashing, predatory lending, and misleading insurance pricing promises this year as part of a continuing focus on protecting consumers from financial harm.

Cboe announces planned retirement of CEO

Cboe Australia has announced the planned retirement of CEO Vic Jokovic, effective 31 March 2023, with Emma Quinn appointed successor.

HESTA membership reaches one million

HESTA membership has reached the one million mark.

Half of couples consider financial dishonesty a form of infidelity

The ‘Couples and Money Survey’ by US-based Orion Advisor Solutions revealed that half (50 per cent) of respondents – including 61 per cent of millennials – consider dishonesty about money a form of infidelity.

More orgs added to Iress connectivity network

MLC Life Insurance and Praemium have signed memorandums of understanding (MOU’s) in which they agree to collaborate with Iress on the design and creation of its connectivity network.

‘Cherry on top’: Build organic growth before pursuing M&A

Advice practices are looking for scale in a contracted business environment but an acquisition is not a guaranteed path to success, according to a panel discussion. A strong foundation built from organic growth is needed for any potential M&A to succeed.

Super funds’ complaint process under regulator’s scrutiny

Super funds’ complaints handling processes are firmly in the spotlight after ASIC identified several problem areas that need fixing.

Zurich appointed group provider for Brighter Super

Brighter Super has appointed Zurich Financial Services to provide group insurance for its members, commencing from the start of the upcoming financial year.

FPA names winner of Gwen Fletcher Memorial Award

The FPA has named Jessica Dean as the recipient of the Gwen Fletcher Memorial Award for the summer semester of 2022.

Schroders Australia appoints multi-asset fund manager

Schroders Australia has promoted Adam Kibble to the role of multi-asset fund manager.

‘They’re not seeking complexity’: Clients want their investments to be simple

Clients are disengaged with the investment aspect of advice and are more interested in targeting lifestyle goals for retirement, according to a panel at the Advice Practitioner Summit. Any proliferation of product types to the market not only has little resonance – it can be off-putting.

Growth: The single most important currency for young professionals

Ogilvy AUNZ, one of the world’s leading advertising agencies, is a talent-driven business that values its people. According to its chief strategy officer, yearning for growth is the single most important currency for young professionals.

Previous Next