Industry Updates

Equip Super survey reveals travel top retirement priority 

According to a survey by super fund Equip Super, 71 per cent of Australians consider travel their top priority when spending retirement savings. 

DASH to acquire Integrated Portfolio Solutions platform

DASH Technology Group has entered into a binding share purchase agreement to acquire Integrated Portfolio Solutions.

APRA imposes licence conditions on Fiducian ahead of latest YFYS test

APRA has imposed additional licence conditions on Fiducian Portfolio Services to address data-related concerns ahead of this year’s Your Future Your Super performance test. 

Spirit Super completes custodian switch amid merger transition

The $30 billion Spirit Super has completed the transition to use J.P. Morgan as its custody and fund administration services provider. 

Future2 Foundation grants program opens nominations

Nominations are open for Future2 Foundation’s annual ‘Make The Difference!’ grants program.

ASIC commands four banks to refund low-income customers with high-fee accounts

At least two million low-income customers will be refunded upwards of $28 million after an ASIC review found that four Australian banks charged high fees to bank customers who could least afford it. 

Forbes Fava Saville appoints Insignia PDM as operations GM

Forbes Fava Saville Financial Planning has hired Gus Smarrini as general manager operations, a newly created position as advice firm looks to bolster its position in the sector.

TelstraSuper backs renewable energy infra fund

TelstraSuper has backed Quinbrook’s new infrastructure fund supporting the transition to renewable energy. 

First Nations super coverage improves but more work remains: ASFA

While superannuation coverage for First Nations Australians has been improved in the past year, more work needs to be done to bring it up to the overall national standards, according to research by ASFA and First Nations Foundation.  

FNF partners with Morningstar on indigenous financial education

First Nations Foundation has joined up with Morningstar to launch the first investment education and training course created specifically for Aboriginal and Torres Strait Islander people. 

Fintech Padua appoints key accounts director

Financial technology firm Padua has appointed Katie Cirjak as key accounts director.  

MetLife announces product updates

MetLife Australia has announced updates to MetLife Protect and MetLife Protect Super, effective from 30 June 2024. 

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