Industry Updates

InvestSense appoints distribution executive

Portfolio construction consultant InvestSense has appointed John Nicoll as distribution executive.

Clearview hit with DDO stop order

ASIC has issued an interim stop order on the Clearview ClearChoice Income Protection Cover and Accidental Income Protection Cover, relating to two underlying products.

CQU students complete Term 1 with Midwinter software

Midwinter Financial Services has announced that CQUniversity Australia’s financial planning students have completed Term 1 using its financial planning software.

Hostplus injects $100 million into innovation fund

Industry super fund Hostplus has injected a further $100 million into the IP Group Hostplus Innovation Fund, having already contributed $210 million.

Firetrail executive joins RIAA panel

Firetrail head of investment strategy Anthony Doyle has joined the certification assessment panel of Responsible Investment Association Australasia.

APRA finalises standard on operational risk

The Australian Prudential Regulation Authority (APRA) has finalised a new prudential standard to ensure banks, insurers and superannuation trustees better manage operational risks and respond to business disruptions.

ESSSuper named top-performing balanced fund in FY23

Emergency services industry fund ESSSuper was the top-performing balanced super fund for the 2022-23 financial year, returning 13.3 per cent for its balanced growth option, according to researcher SuperRatings.

Nanuk appoints portfolio manager

Sustainable investment-focused fund manager Nanuk Asset Management has appointed John Lobb as a portfolio manager. 

MA Moelis expands equity research team

MA Moelis Australia has appointed Paul Hissey and Tom Tweedie as executive director and vice president of its equity research team, respectively.

APRA told to increase efforts to identify superannuation risks

The Financial Regulator Assessment Authority has handed down a report into the effectiveness and capability of the Australian Prudential Regulation Authority.

Australian ETF industry breaks $150b barrier

The Australian ETF industry reached $150 billion in funds under management during June 2023, according to analysis of security exchanges ASX and CBOE by Betashares.

Praemium appoints governance & risk lead, completes executive refresh

Adviser platform Praemium has appointed Rachel Axton as chief governance and risk officer, completing the refresh of the executive team.

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