Industry Updates

State Super selects Premialab for portfolio management & risk solutions

State Super has selected independent software platform Premialab to assist in the delivery of portfolio management and risk solutions.

AI-powered mental health app tackles stigma & support gap

MLC Life Insurance has launched a pilot of Wysa Assure, an AI-based mental health support application, in partnership with Swiss Re Reinsurance Solutions. 

Iress tech to fuel merger

Industry superannuation funds Spirit Super and CareSuper have selected the technology of software company Iress as the foundation for their merged entity.

FAAA sees 9500 member renewals

The Financial Advice Association has received 9525 membership renewals which includes 8093 practitioners.

SuperConcepts, EQT enter into service agreement

SMSF administration provider SuperConcepts has entered into an enterprise service agreement with Equity Trustees to continue servicing the administration needs of its Australian Executor Trustees platforms business.

ASIC appoints new commissioners from Treasury, Choice & CBA

ASIC has appointed Choice CEO Alak Kirland, Treasury first assistant Katherine O’Rourke, and Commonwealth Bank’s Simone Constant as commissioners.

FAAA statement on ASIC’s performance to Senate inquiry

Following is a statement made by the Financial Advice Association to the Senate Economics References Committee on 23 August about ASIC’s performance by FAAA chief executive Sarah Abood and three better ways it can achieve its goals.

SCA updates retirement savings guidance

Consumer advocate Super Consumers Australia has updated its home-owner retirement savings targets to reflect changes in the cost of living and the Age Pension.

MetLife launches 2023 plan for reconciliation

MetLife Australia has launched its 2023 Reflect Reconciliation Action Plan (RAP) as part of its commitment to reconciliate with First Nations peoples. 

ART completes Woolworths and Endeavour fund transfers

Australian Retirement Trust has completed a successor fund transfer with Woolworths Group and Endeavour Group, with more transfers to come.

Bravura appoints global head of product

Financial services software company Bravura Solutions has appointed Greg Johnson as global head of product as it continues to transition to a product-centric organisation.

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