Industry Updates

Fee renewal reminders among Netwealth notification upgrades

Netwealth has upgraded its notification system to improve notifications for advice fee renewals, amongst over 40 feature additions.

Ignition Advice appoints non-executive director

Digital advice provider Ignition Advice has appointed Ken Lambden to its board as a non-executive director.

TAL adds 20 courses into Risk Academy program

Risk specialist TAL has introduced 20 new courses into its 2023 Risk Academy program, as well as series focused on tech and ethics.

‘Never felt out of my depth’: Levy confident she was right to lead review

While the industry awaits the Government’s response to the Quality of Advice Review recommendations, review lead Michelle Levy has remained steadfast that she was the right person for the role.

APRA to prioritise member outcomes, retirement, industry practices: Cole  

The prudential regulator will prioritise improving member outcomes, how trustees are implementing the retirement income covenant and improving industry practices, according to deputy chair Margaret Cole.

Funds SA CEO to step down after 8 years

Funds SA CEO Jo Townsend will step down later this year, remaining in the role while the board undertakes a selection process for her successor.

HUB24 appoints chief people officer

Adviser investment platform HUB24 has appointed Amy Rixon as chief people officer.

APRA announces executive appointments and structure changes

APRA has announced changes to its structure, including new appointments to complement the existing member and executive director group.

Maple-Brown Abbott partners with Hyde Park Investment

Boutique investment manager Maple-Brown Abbott has partnered with Hyde Park Investment to distribute its UCITS funds in the UK and several other European countries.

Super on PPL drastically improves retirement balances: HESTA modelling

Modelling from industry fund HESTA has revealed that paying super on the Commonwealth Parental Leave Pay scheme and better targeting tax concessions could significantly improve the retirement balances of critical health and community services professionals.

Ord Minnett appoints head of institutional research

Wealth management group Ord Minnett has appointed Alastair Hunter as head of institutional research. Hunter has over 32 years of experience in equity research and financial markets. He was rated number one bank analyst while working as head of research at Goldman Sachs/JBWere.

Portfolio concentration: Time to question conventional wisdom?

The industry has often coalesced around star managers with unique stocking picking skills, but the data suggests that concentrated funds focused on a few equities don't offer improved alpha over greater diversification.

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