Industry Updates

ASIC reminds AFSLs of experience pathway notification obligations

ASIC has issued a reminder to AFSLs that they must notify the regulator when they have received a written declaration from a financial adviser eligible to access the experienced pathway.

Industry UpdatesJune 26, 2024

FAAA makes recommendations to reduce impact of financial abuse

The financial advice profession lacks consistent protocols for handling suspected financial abuse, and there are significant barriers to effective collaboration due to privacy laws and insufficient whistleblower protections, according to the Financial Advice Association.

Industry UpdatesJune 24, 2024

AustralianSuper-backed ‘built-to-rent-to-own’ project completes

Australia’s first super-backed ‘built-to-rent-to-own' (BTRTO) developed has been completed in Melbourne’s Kensington area with the first batch of residents set to move in.

Industry UpdatesJune 24, 2024

TAL appoints successor to Brett Clark

Life insurer TAL has appointed Fiona Macgregor as the new group CEO and managing director, filling in the position made empty by Brett Clark's promotion to CEO and managing director of Dai-ichi Life Group, TAL’s parent company.

Industry UpdatesJune 18, 2024

Cbus appoints chief risk officer

Cbus Super has appointed Martha Georgiou as chief risk officer.

Industry UpdatesJune 18, 2024

Singaporean sovereign fund invests in Betashares

Singapore-headquartered Temasek entered a binding agreement with Australian ETF provider Betashares to invest up to $300 million.

Industry UpdatesJune 17, 2024

Government launches consultation on DBFO draft regs

The government has launched a consultation on the first tranche of draft regulations for the Delivering Better Financial Outcomes bill.

Industry UpdatesJune 11, 2024

Balanced fund returns 8.1pc FYTD: SuperRatings

Super funds have recouped some of the April losses in May and pushed the financial year to date (FYTD) return for balanced funds to 8.1 per cent, according to research house SuperRatings.

Industry UpdatesJune 11, 2024

Brighter Super selects State Street as custodian and administrator

State Street has become the custodian and administrator of the $30 billion Brighter Super.

Industry UpdatesJune 11, 2024

NZ Super appoints acting CIO

The Guardians of Kiwi sovereign fund NZ Super has appointed Alex Bacchus as acting chief investment officer amid Stephen Gilmore’s departure to Calpers.

Industry UpdatesJune 7, 2024

HESTA appoints general manager of strategic planning

Health industry fund HESTA has appointed Alissa Knight to the newly created role of general manager strategic planning, effective from 11 June.

Industry UpdatesJune 6, 2024

Court finds Active Super made misleading claims over ESG and Russian investments

The Federal Court found that Active Super has made misleading claims about ESG and Russian investments in its website, reports and disclosure documents, in a case brought forward by ASIC amid the regulator’s increasing focus on greenwashing.

Industry UpdatesJune 5, 2024

ASIC reminds AFSLs of experience pathway notification obligations

FAAA makes recommendations to reduce impact of financial abuse

AustralianSuper-backed ‘built-to-rent-to-own’ project completes

TAL appoints successor to Brett Clark

Cbus appoints chief risk officer

Singaporean sovereign fund invests in Betashares

Government launches consultation on DBFO draft regs

Balanced fund returns 8.1pc FYTD: SuperRatings

Brighter Super selects State Street as custodian and administrator

NZ Super appoints acting CIO

HESTA appoints general manager of strategic planning

Court finds Active Super made misleading claims over ESG and Russian investments

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