Industry Updates

Charlie Viola to split from Pitcher Partners to launch Viola Private Wealth

Pitcher Partners Sydney is selling various operational aspects to long-standing financial adviser Charlie Viola who will launch his own high-net-worth focused firm, Viola Private Wealth.

HUB24 takes minority stake in private markets platform

HUB24 has taken a minority equity holding in Reach Alternative Investments, an alternatives-focused platform that provides access to global private equity and credit funds.

REST names employer-nominated board director

Super fund REST has appointed Inese Kingsmill to its board of directors, replacing Sally Evans who retired in July 2024. 

AustralianSuper appoints first chief liquidity officer 

The nation’s largest super fund AustralianSuper has appointed Chandu Bhindi as its first chief liquidity officer. 

ATO releases final determination on deductibility of advice fees

The Australian Taxation Office has established in its final determination regarding the tax deductibility of advice fees that advice fees relating to tax advice can be deductible, if the advice is provided by a qualified tax relevant provider.

Global X names CEO

ETF provider Global X has named Alex Zaika as its CEO, replacing Evan Metcalf who resigned last month. 

ASIC case against REST dismissed

The Federal Court has dismissed ASIC’s case against REST Super for alleged misleading representations of members’ rights to transfer money out of the fund.

REST Super appoints general counsel

REST has named Duncan Whiteside as its general counsel, who joins from MetLife Australia.  

US-based EvolutionIQ first to join CALI’s Life Partner program

New York-based claims guidance technology firm EvolutionIQ has signed on as the Council of Australian Life Insurers first life partner in its corporate partner plan. 

IFS chief executive to depart

Industry Fund Services CEO Csaba Baranyai has stepped down from the industry fund-owned service provider, effective 25 October 2025. 

Treasury seeks response to legacy retirement products law amendment

Treasury is seeking industry consultation on a draft regulation that will allow individuals to exit certain legacy retirement products.

Employers required to pay super on every pay cycle from 2026

From 1 July 2026, employers will need to make super contributions to employees on ‘payday’ instead of quarterly, as payday super measure kicks in.  

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