Industry Updates

Bell FG proposes non-binding acquisition of SelfWealth

Asset manager Bell Financial Group has made a non-binding proposal to acquire 100 per cent of retail trading platform SelfWealth.

ASIC final FY24 levy sees slight reduction

The ASIC levy for FY24 will be $2691 per adviser, plus the $1500 flat rate per licensee, $187 lower than what the regulator earlier projected.

Mason Stevens hires head of asset allocation from AMP

Specialist wealth platform provider Mason Stevens has appointed Brad Creighton as head of asset allocation.

SMC calls for super boost for under-18 workers

Under-18 workers in Australia could have $10,000 more in savings at retirement if a rule that currently denies compulsory super contributions unless they work more than 30 hours a week is abolished.

Future2 Foundation announces winners of 2024 grant program

The Future2 Foundation has announced the 12 winning recipients of its 2024 grant program, which focused on organisations empowering financial wellbeing.

AMP adds BT talent to its North leadership team

AMP has made three appointments to its North leadership team, including talent from BT and MLC.

ESSSuper sues Iress over fund admin services

Emergency Services Superannuation Board (ESSSuper) has commenced legal proceedings in the Federal Court against Iress and its wholly owned subsidiary Financial Synergy Holdings.  

CSC MySuper returns 9.1 pc in FY24

Commonwealth Superannuation Corporation has released its annual report for the 2024 financial year, posting a 9.1 per cent return for its Balanced MySuper option. 

FAAA reveals further details on FPSB India partnership

The Financial Advice Association has revealed further details on its memorandum of understanding (MoU) with FPSB India, a subsidiary of the Financial Planning Standards Board, to promote cross-border mobility and development for aspiring and professional financial planners.

CFS partners with Viridian to help unadvised FirstChoice members

Colonial First State has announced an arrangement with Viridian Advisory to allow CFS FirstChoice superannuation, pension and investment members who do not have a financial adviser to access one-off, topic-focused advice.

Insignia nabs TAL talent for new MLC strategy team

Insignia Financial has picked up talent from life insurer TAL to create a new strategy and innovation team with a focus on driving innovation in retirement solutions for the MLC Wealth brand. 

AustralianSuper chief retirement officer departs

AustralianSuper's first chief retirement officer, Shawn Blackmore, is leaving after 17 years with the super fund. 

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