Industry Updates

Ausbil CEO to retire

Ausbil CEO Ross Youngman will retire in the third quarter of 2023 after five years in the role.

Former Spirit Super chair appointed to TAL board

Naomi Edwards has been appointed to the board of life insurer TAL as an independent non-executive director. 

CFS nabs Mather from BT

BT head of distribution Chris Mather has moved to CFS and will commence in the newly established role of executive director for new business.

Over 90pc of advisers plan to increase fees next year: Adviser Ratings

A poll released by Adviser Ratings found 93 per cent of planners intend to increase their fees next year, while funds under advice steadily rises.

‘You definitely need balance’: Perpetual’s Rob Adams reflects on working with star managers

Big personalities are both a gift and a curse in financial services, according to Perpetual chief Rob Adams. While big personalities are needed to help lead the business and make tough calls, their downfall often comes when they believe too much of their own hype.

ALRC should prioritise advice regulations: FPA

In its latest submission to the Australian Law Reform Commission’s (ALRC) Review of the Legislative Framework for Corporations and Financial Services Regulation, the Financial Planning Association has suggested financial advice regulations are prioritised for transitioning to the ALRC’s proposed structure of the legal requirements based on thematic rulebooks.

Anna Johnston: ‘Not every cyber attack will result in a data breach’

A recent legislative change has left Australia with the toughest fines for privacy breaches in the world. According to cybersecurity expert Anna Johnston, an important nuance differentiates what constitutes a privacy breach from a data breach or cyberattack.

LGT Crestone* and StepStone offering open-ended venture capital fund

LGT Crestone has partnered with StepStone Private Wealth to offer a new open-ended venture capital fund called the StepStone Private Venture and Growth Fund (SPRING).

Lazard appoints new chief market strategist

Lazard has appointed Ronald Temple as chief market strategist.

BTC adds Polkadot crypto to platform

BTC Markets has added the cryptocurrency Polkadot (DOT) to its platform tradeable  from today (7 December 2022). 

Global X launches uranium ETF

Global X ETFs Australia has launched uranium ETF (ATOM) to give investors exposure to the growing uranium and nuclear power sector. 

BlackRock implements stock split

lackRock has implemented a stock split of iShares S&P 500 ETF (IVV), iShares S&P 500 (AUD Hedged) ETF (IHVV), and iShares S&P Mid–Cap ETF (IJH). 

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