Major banks see rising profits despite tough economic outlook
The major banks reported a combined cash profit after tax of $28.5 billion, a 7.2 per cent increase from FY21 despite inflation and rising interest rates creating pressure on consumers.
November 10, 2022
iExtend appoints Senior Risk Manager
iExtend has appointed Lindsay Stark as a senior risk manager, who will provide support and expert guidance on the growing number of individual qualifying policies to be co-owned by iExtend.
November 10, 2022
ASIC places interim stop order on offers from Finnia
ASIC has placed an interim stop order on offers from Finnia Income in response to deficiencies in the issuer’s target market determination (TMD).
November 10, 2022
CareSuper and Spirit Super exploring possibility of merging
Industry super funds CareSuper and Spirit Super have begun exploring the possibility of merging, but the projected combined pool will be below APRA’s preferred fund size.
November 09, 2022
HESTA, ReNu & Countrywide to develop green hydrogen
Health worker industry super fund HESTA has signed a term sheet with ReNu Energy and Countrywide Hydrogen to commit up to $100 million for the development of green hydrogen projects.
November 09, 2022
ASIC revokes DDO stop order on Neldner Road Vintners
An interim stop order placed by ASIC on Neldner Road Vintners in response to deficiencies in the issuers’ Target Market Determinations (TMD) has been revoked.
November 09, 2022
Martin Currie Ethical Income Fund wins Lonsec Sustainable Fund of the Year Award
The Martin Currie Ethical Income Fund (MCEIF) has won the Sustainable Fund of the Year Award for 2022.
November 09, 2022
legalsuper in search for new chief executive
The chief executive of legal community industry super fund legalsuper, Andrew Proebstl, will step down after nearly two decades in the role.
November 09, 2022
GSFM appoints Michael Angwin to its distribution team
Fund manager GSFM has appointed Michael Angwin to a newly created consultant and wholesale distribution role.
November 08, 2022
Ponzi scheme director pleads guilty
Former Courtenay House director Tony Iervasi has pleaded guilty to five criminal charges regarding operation of a $180 million Ponzi scheme.
November 08, 2022
State Street reappointed by Rest to provide custodial services
State Street Corporation has been reappointed by industry fund for retail workers, Rest, to provide custodial services.
November 08, 2022
