Industry Updates

Super for house deposit scheme to taxpayers billions: SMC

Allowing young Australians to tap into their super for a house purchase could cost taxpayers billions (even potentially a trillion) of dollars by the end of the century, a new modelling by Super Members Council shows.

Industry UpdatesMay 9, 2024

AMP launches private debt option for super members

AMP has launched a debt strategy, which can be accessed by members invested in the MySuper or Future Directions options range.

Industry UpdatesMay 8, 2024

HESTA appoints chief financial officer

Health industry super fund HESTA has appointed Natalie Kelly as its chief financial officer.

Industry UpdatesMay 8, 2024

ART and AvSuper complete merger

Australia’s second-largest super fund Australian Retirement Trust has successfully absorbed the $2.5 billion and 4800 members of AvSuper.

Industry UpdatesMay 8, 2024

FSC launches Digital Advice Expert Group

The Financial Services Council has announced the formation of the Digital Advice Expert Group which will replace the Digital Advice Association launched a year ago.

Industry UpdatesMay 7, 2024

ASIC warns over cold callers and clickbait ads

ASIC is warning consumers to be wary after a review identified some cold calling operators using high-pressure sales tactics and online clickbait advertisements to lure consumers into receiving inappropriate superannuation switching advice.

Industry UpdatesMay 7, 2024

Count extends contract with Iress

Iress has signed a three-year extension agreement with Count as provider of choice for its advice technology.

Industry UpdatesMay 6, 2024

Insignia completes $36.8b MLC Wealth migration to Expand

Insignia Financial has successfully migrated over 94,000 client accounts holding $38.6 billion funds under administration (FUA) from MLC Wrap, MLC Navigator, and associated offers to its Expand platform.

Industry UpdatesMay 2, 2024

Vanguard Super cuts fees

Vanguard Super has reduced its annual administration fees from 0.35 per cent p.a. to 0.33 per cent p.a. with the administration fee cap lowered from $850,000 to $300,000.

Industry UpdatesMay 1, 2024

Qantas Super commits $200m to agriculture play

Qantas Super has committed $200 million with agriculture investor GO.FARM to transform underutilised agricultural land into horticultural projects in NSW’s Riverina, northern Victoria and other parts of Australia.

Industry UpdatesMay 1, 2024

FAAA releases draft policy platform for member consultation

The Financial Advice Association launched its draft policy platform for member consultation.

Industry UpdatesApril 30, 2024

CSIRO and Alphinity release responsible AI framework

Alphinity Investment Management and Australians national science agency CSIRO have released a responsible AI (RAI) framework and toolkit for financial services.

Industry UpdatesApril 30, 2024

Super for house deposit scheme to taxpayers billions: SMC

AMP launches private debt option for super members

HESTA appoints chief financial officer

ART and AvSuper complete merger

FSC launches Digital Advice Expert Group

ASIC warns over cold callers and clickbait ads

Count extends contract with Iress

Insignia completes $36.8b MLC Wealth migration to Expand

Vanguard Super cuts fees

Qantas Super commits $200m to agriculture play

FAAA releases draft policy platform for member consultation

CSIRO and Alphinity release responsible AI framework

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