Industry Updates

ASIC issues DDO stop orders against CFD provider Trademax

ASIC has made two interim stop orders preventing Trademax Australia from opening trading accounts or dealing in contracts for difference (CFDs) or margin foreign exchange contracts (margin FX) to retail investors.

Industry UpdatesMay 23, 2024

Former Millennium3 CEO to lead advice firm Nestworth

Advisory firm Nestworth Financial Strategists has appointed former Millennium3, Lonsdale and IOOF Alliances chief executive Helen Blackford as CEO.

Industry UpdatesMay 23, 2024

Mine Super, TWUSUPER bump merger completion to 2025

Mine Super and TWUSUPER have completed the first phase of their merger, though the completion date has been pushed out to early 2025 “to focus on a smooth transition”.

Industry UpdatesMay 21, 2024

Forbes Fava and Finanalyze complete merger

Advice practices Forbes Fava Financial Planning and Finanalyze Financial Planning have successfully completed their merger to become Forbes Fava Saville.

Industry UpdatesMay 20, 2024

Link Group rebrands after successful MUFG acquisition

Link Group has rebranded to MUFG Pension & Market Services after its acquisition by Mitsubishi UFJ Trust & Banking Corporation was successfully implemented.

Industry UpdatesMay 16, 2024

Aware Super appoints operations GM

Aware Super has appointed Winnie Huen to the newly created role of general manager strategy and transformation.

Industry UpdatesMay 16, 2024

OneVue client data impacted amid Iress GitHub breach

After reporting a breach on its GitHub account, Iress has since discovered that a credential was stolen and used to gain access to Iress’ OneVue production environment.

Industry UpdatesMay 15, 2024

Equity Trustees to take possession of ANZ’s will bank

Nearly 6000 wills, along with related estate planning documents currently held by ANZ Group, will be transferred to Equity Trustees for management and safekeeping.

Industry UpdatesMay 14, 2024

FAAA calls for CSLR cost management in budget wishlist

The Financial Advice Association has called on the Federal Government to better manage costs across the Compensation Scheme of Last Resort and implement a fairer ASIC funding levy for advisers ahead of the Tuesday budget.

Industry UpdatesMay 13, 2024

Iress to strengthen security protocols after GitHub breach

Iress has advised that on Saturday 11 May 2024 it detected and contained an unauthorised accessing of Iress’ user space on GitHub, a third-party code repository platform which manages software code before it goes live in production on a separate platform.

Industry UpdatesMay 13, 2024

REST calls for better super treatment for young workers

Retail workers industry fund REST has urged the Australian Government to remove a rule that prevents most workers under-18 years old from earning any superannuation after research showed that the majority of Australians supported the change.

Industry UpdatesMay 13, 2024

CSLR costs spiralling out of control: FAAA

The Financial Advice Association has called on Minister for Financial Services Stephen Jones to take action on the escalating costs of the Compensation Scheme of Last Resort.

Industry UpdatesMay 10, 2024

ASIC issues DDO stop orders against CFD provider Trademax

Former Millennium3 CEO to lead advice firm Nestworth

Mine Super, TWUSUPER bump merger completion to 2025

Forbes Fava and Finanalyze complete merger

Link Group rebrands after successful MUFG acquisition

Aware Super appoints operations GM

OneVue client data impacted amid Iress GitHub breach

Equity Trustees to take possession of ANZ’s will bank

FAAA calls for CSLR cost management in budget wishlist

Iress to strengthen security protocols after GitHub breach

REST calls for better super treatment for young workers

CSLR costs spiralling out of control: FAAA

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