Industry Updates

Half of advisers authorised to write MyNorth Lifetime: AMP

Around 50 per cent of Australian advisers are now authorised to write MyNorth Lifetime under their approved product lists and Lifetime accounts have been written by advisers operating under more than 30 different licensees.

MSC appointed by abrdn for trusteeship

MSC Trustees has been selected by global investment manager abrdn to assume trusteeship and responsible entity duties across its Australian fund book.

Government to end ASIC levy freeze

After releasing the final report of the ASIC Industry Funding Model, the government has decided to end the ASIC levy freeze put in place in 2021.

ISA, IFM announce Combet replacements

Industry Super Australia and IFM Investors have both appointed chairs to replace Greg Combet who departed to lead the new Net Zero Economy Agency.

ASIC calls on super trustees to better deal with received member money

ASIC is calling on superannuation trustees to ensure they are meeting their legal obligations for dealing with incoming money from consumers if a new or increased interest in a super product cannot be issued by the next business day. 

Trio of Betashares ETF hit $3b FUM milestone

A group of three Betashares’ flagship ETF funds – it’s ASX 200 (A200) and NASDAQ 100 (NDQ) trackers, and Australian High Interest Cash fund (AAA) – have recently each passed $3 billion in Funds Under Management.

Rest appoints WTW to board

Industry super fund Rest has appointed Willis Towers Watson as its asset consultant to its board and board investment committee.

SQM head of research departs

After nine years as head of research at SQM, Rob da Silva has announced his departure.

Kaplan launches ‘MBA-style’ corporate workshops

Education provider Kaplan Professional is launching a national series of corporate workshops designed for leaders in financial services who recognise the need to adapt to the changing post-pandemic workplace dynamics.

Aware Super reconfigures high growth options

Industry super fund Aware Super has introduced an actively-managed high growth socially conscious option and high growth indexed option to complement its core high growth actively managed option.

Morrison Securities pays $333k infringement notice

Morrison Securities has paid a penalty of $333,000 to comply with an infringement notice issued by the Markets Disciplinary Panel.

GQG Partners nabs Magellan BDM

GQG Partners has appointed Victoria Flygare as director for business development across South Australia and Western Australia, after a 10-year stint at Magellan.

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