Industry Updates

IFS partners with BCG to improve education & advice

Industry Fund Services has partnered with global consulting firm Boston Consulting Group to help improve how profit-to-member super funds find new ways to improve the delivery of financial education and advice.

Franklin Templeton launches its first alternatives fund

Investment manager Franklin Templeton has launched the Franklin K2 Athena Fund, its first alternatives fund.

MFS appoints head of operations in Australia & New Zealand

MFS Investment Management has elevated Josh Barton to the role of managing director and head of operations in Australia and New Zealand, replacing Marian Poirier, who will retire next year.

North partners with researcher Sandstone Insights

AMP’s investment platform North, which has recently surpassed $11 billion in assets under management (AUM), has partnered with research house Sandstone Insights to provide advisers with the latest equity research and analysis. 

Spark Financial advisers join philanthropic adventure

Six advisers from the Spark Financial network will participate in the Adventure All Stars TV series later this month.

FSI appoints institutional distribution head

Investment manager First Sentier Investors has appointed Kevin Kandasamy as head of institutional distribution in Australia and New Zealand.

BT appoints platform strategy head

Former BT head of platform simplification Russell Brinckley has returned to the business as head of platform strategy and development. 

Equity Trustees to combine trustee services

Equity Trustees will soon combine its superannuation and corporate trustee services, to further simplify its business structure.

Australia 6th most cyber-breached country in Q2

Australia is the sixth most cyber-breached country in the second quarter of 2023, according to the latest research study from VPN service Surfshark. 

Super fund returns maintain momentum in July

The median balanced option delivered a return of 1.5 per cent in July, according to estimates from superannuation research house SuperRatings.

Managed accounts lead product registration surge: APIR data

Product registration firm APIR Systems has reported a surge in registrations of new financial products, especially managed accounts, in financial year 2023.

Lonsec appoints investment division head

Fund researcher Lonsec has appointed Nathan Lim as CIO and executive director of Lonsec Investment Solutions, the group’s investment division.

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