Sequoia restructures reporting lines, announces staff reduction
Sequoia will streamline its divisional structure from four to two reporting divisions, as well as reduce headcount by 10 per cent.
Industry UpdatesJuly 3, 2024
iExtend gains AFSL
Life insurance policy extender iExtend has gained its AFSL after ASIC accepted a court enforceable undertaking from the business to apply for a license earlier this year.
Industry UpdatesJuly 3, 2024
Consumer group calls for better scam protection from super funds
Super Consumers Australia warned that more work needs to be done from funds to mitigate risks of super scams, as the advocate group’s recent survey found 81 per cent of Australians want their funds to provide more active protection.
Industry UpdatesJuly 3, 2024
Australian Ethical appoints Fiona Reynolds to super board
Australian Ethical has appointed Fiona Reynolds, former CEO of UN-backed Principles for Responsible Investment, to its super board.
Industry UpdatesJuly 3, 2024
‘No evidence’ of further unauthorised access in Iress breach
Iress has concluded its internal investigation into the unauthorised access of Iress’ user space on GitHub as first announced on 13 May 2024.
Industry UpdatesJuly 2, 2024
HESTA MySuper delivers 9.1pc return in FY24
The $83 billion HESTA has returned 9.1 per cent for its MySuper Balanced Growth option in the 2024 financial year, surpassing the 7.62 per cent annual return in the past decade.
Industry UpdatesJuly 2, 2024
REST MySuper returns 8.67pc in FY24
Retail workers industry fund REST has posted an 8.67 per cent return for its default MySuper product in the 2024 financial year. The product has had a 6.97 per cent return per annum in the past decade.
Industry UpdatesJuly 2, 2024
MetLife Foundation offers $115k grant to First Nations Foundation
First Nations Foundation has received $155,000 (US$100,000) from MetLife Foundation to continue strengthening the financial knowledge of First Nations women.
Industry UpdatesJuly 2, 2024
WA advice practice launches within AMP network
Advice practice Hatch Financial Group has launched in Western Australia as a part of the AMP Advice network.
Industry UpdatesJuly 1, 2024
ASIC calls for AFSLs to correct FAR details, launches compliance hunt
ASIC has called AFSLs to correct records regarding their financial advisers on the Financial Advisers Register having discovered errors relating to qualifications and training courses.
Industry UpdatesJuly 1, 2024
AMP Foundation appoints Alexis George as chair
AMP chief executive Alexis George has been appointed chair of the AMP Foundation, a corporate foundation working with individuals and social enterprises.
Industry UpdatesJune 27, 2024
ASFA welcomes NALE amendments
The Association of Superannuation Funds of Australia has welcomed amendments to the way the non arm’s length expense (NALE) rules apply to large superannuation funds, passed by Parliament yesterday.
Industry UpdatesJune 26, 2024