Industry Updates

Former FSC head appointed as Ignition Advice chair

Digital advice firm Ignition Advice has appointed former Financial Services Council CEO Sally Loane as chair.

FSC releases updated template for TMDs

The Financial Services Council has released an updated template Target Market Determination for fund managers.

Fourth Line acquires AI assets from TIQK

Advice regtech firm Fourth Line has purchased the core intellectual property (IP) of defunct software company TIQK, including artificial intelligence (AI) and natural language processing (NLP) technologies.

Yarra announces appoints investment manager

Yarra Capital Management has appointed Jessica Ren as investment manager of its fixed-income team.

Vision Super and Active Super to merge

Vision Super and Active Super will merge to create a $27 billion fund with 170,000 member accounts, and a broader geographic presence across NSW and Victoria.

New Quantum completes stage one of Morrison Securities acquisition

Technology company New Quantum Holding has completed stage one of its 80 per cent acquisition of Morrison Securities from ASX-listed licensee Sequoia Financial Group.

NGS Super appoints CEO

NGS Super has appointed acting CEO Natalie Previtera to the role permanently after a national recruitment process.

Alphinity and CSIRO partner for responsible AI framework

Boutique active equities fund manager Alphinity Investment Management has partnered with national science agency CSIRO to develop a framework to help the investment community assess responsible artificial intelligence (AI) practices and integrate them into ESG considerations.

SMSF Association welcomes franking credit recommendation

The SMSF Association has welcomed the Senate Economics Legislation Committee’s recommendation that the federal government review the legislative amendments that target franked distributions funded by capital raisings.

Cboe launches Global Listings

Securities and derivatives exchange network Cboe Global Markets has launched Global Listings, which will facilitate worldwide access to capital and secondary liquidity for equities and ETFs.

MA Financial appoints global asset management veteran as MD

Diversified financial services firm MA Financial Group has appointed global asset management veteran Anthony Habis as managing director, as well as the head of real estate partnerships in its asset management division.

FSC to implement New Life Code of Practice next month

The Financial Services Council has reminded the industry it will implement the New Life Code of Practice on 1 July 2023.

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