Industry Updates

Government moves to increase super fund transparency

The federal government is overhauling transparency requirements so members can access clearer, more meaningful, and more consistent information about their superannuation funds.

SHP launches with $240 million founding investment from HESTA

A specialist affordable housing fund manager, Super Housing Partnerships (SHP) has launched with founding investment support from industry fund HESTA which has committed $240 million.

ASIC updates guidance on ETP naming conventions

ASIC has updated its guidance on naming conventions for licensed Australian exchanges that admit exchange traded products (ETPs) following public consultation.

Pearler clocks $500 million invested in CHESS-sponsored holdings

Australia’s long-term investing and wealth management platform, Pearler, has surpassed more than $500 million invested in CHESS-sponsored holdings. 

ASIC sues Block Earner for unlicensed conduct over crypto-asset based products

ASIC has commenced civil penalty proceedings in the Federal Court against fintech company Block Earner alleging it provided unlicensed financial services in relation to its crypto-asset based products and that it operated an unregistered managed investment scheme.

Answering adviser prayers, Iress moves to improve Xplan integration

With advice practices demanding better integration between software providers, Iress has begun the process to improve integration. The first step is the ‘connectivity network’ between industry providers with updates to the platform expected mid-next year.

Don’t expect major changes to the final advice review proposals

Confident she mostly has it right, Quality of Advice Review lead Michelle Levy is weeks away from delivering her final recommendations to Treasury with only minor changes planned to make sure the proposals are fit for purpose.

AXA IM Alts appoints new head of client group, Asia

AXA IM Alts has appointed Lu Gao as head of client group Alts, Asia. 

Digital tool to support advisers with sustainable investing launched

Fintech entrepreneur Tom Culver has launched Ethic Adviser, a new sustainable investing solution for financial advisers, investment brokers, and accountants.

Giles Wade appoints WA advisory lead

Boutique investment and tax advisory firm Giles Wales has opened a Perth-based office and appointed Katie McDonald as director of advisory. 

Global X launches first copper miners ETF

ETF company Global X has launched the Global X Copper Miners ETF (WIRE), believed to be the first of its kind in the country.

Zurich appoints chief information officer

Zurich Financial Services Australia has appointmented Deepak Budhiraja as chief information officer for Australia and New Zealand.

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