Industry Updates

FSC research backs purpose of super

The FSC has released consumer research that found strong support for legislating an objective for superannuation, providing that it focuses on delivering retirement income for all Australians.

January 25, 2023

Sustainability considerations a factor for 90pc of real assets investors

Ninety-three per cent of global institutional investors actively consider ESG and sustainability in their real assets investment decisions, according to new research from Aviva Investors.

January 25, 2023

Federated Hermes appoints lead for emerging markets stewardship team

The stewardship service provider for Federated Hermes, EOS, has appointed Ross Teverson to lead its engagement team for Asia and global emerging markets.

January 25, 2023

Lumiant partners with DMW to improve client experience

Advice and client engagement platform Lumiant has partnered with DMW Strategic Consulting to support advisers to improve its client experience.

January 25, 2023

CountPlus subsidiary acquires accounting firm

CountPlus subsidiary Moggs Accounting + Advisory has acquired Timothy Trevor Gubbins, an accounting firm based in Shepparton for $1.27 million.

January 24, 2023

PI dispute hits Sequoia half-year earnings guidance

A dispute with its PI insurance provider and difficulties integrating direct investments has led to a “disappointment and an aberration” of a business update according to Sequioa lead Garry Crole.

January 24, 2023

Platforms jockey for position as retirement leaders

Advice platforms have the largest proportion of members in retirement, creating an interesting dynamic around who will be the leader in the retirement segment, writes the Conexus Institute’s David Bell.

January 24, 2023

Govt launches consult on NALI expense rules

The government has opened a consultation on amending the expense rules for non-arm’s length income (NALI) provisions which apply to both ARPA-regulated superannuation funds and SMSFs.

January 24, 2023

APRA imposes licence conditions on Diversa

The prudential regulator has imposed additional licence conditions on Diversa Trustees over concerns it is failing to meet regulatory and compliance obligations.

January 24, 2023

AreaWealth appoints former Goldman Sachs MD as chair

Wealth management platform AreaWealth has appointed former Goldman Sachs managing director Andrew Rennie as chairman of its board.

January 24, 2023

Super performance: Industry funds offering best returns long term

The average balanced super fund option lost almost 5 per cent, with only two being able to boast a positive return for the year, according to research from Super Ratings. Only one option returned above 1 per cent – from a retail firm – but over a longer period the data backs industry funds.

January 23, 2023