Industry Updates

E&P names successor CEO/managing director

Ben Keeble will replace Peter Anderson as CEO and managing director of Dixon Advisory parent company E&P Financial Group at the start of next year.

Rest invests in ARCHIMED

Profit-to-member superannuation fund Rest has taken another step towards its impact investment target with an investment in specialist private equity firm ARCHIMED.

Netwealth updates Wealth Accelerator wrap platform

Netwealth has launched an enhanced version of its flagship Wealth Accelerator wrap platform to support sophisticated multi-asset portfolios.

RIAA CEO to exit at end of year

Simon O’Connor has resigned as CEO of the Responsible Investment Association after serving in the role for more than 10 years and will depart at the end of the year.

ASIC warns super trustees to boost efforts to consolidate duplicate member accounts

ASIC is warning superannuation trustees to effectively consolidate duplicate member accounts after a recent review of nine trustees identified poor practices that led to consumer harm.

BlackRock raises over $500m for development of NSW battery

BlackRock Alternatives has raised over $500 million to aid in the development of the NSW Waratah Super Battery.

Spark Financial to launch ‘Legacy’ program

National dealer group Spark Financial will begin operating as a profit-for-purpose organisation when it launches its Spark Legacy Program in the upcoming financial year.

AGILE receives ‘approved’ rating from Lonsec

Allianz Retire+ has received an ‘approved’ rating for its longevity solution AGILE from Lonsec Research.

ASIC reveals increased levy estimate for advisers

The corporate regulator has announced its cost recovery implementation statement for FY23, which estimates a $3217 per adviser figure in addition to the $1500 flat fee.

AustralianSuper promotes international investments head to deputy CIO

AustralianSuper has promoted head of international investments Damian Moloney to the role of deputy CIO, effective 1 July.

Merger of two Adelaide Count advisory firms

Adelaide-based advisory firms, Crosby Dalwood and Warnecke & Co, will merge and be rebranded as Count Adelaide from July 2023.

Half of advisers authorised to write MyNorth Lifetime: AMP

Around 50 per cent of Australian advisers are now authorised to write MyNorth Lifetime under their approved product lists and Lifetime accounts have been written by advisers operating under more than 30 different licensees.

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