Industry Updates

Tensions hinder progress in financial services: Research

Persistent tensions between legal/compliance and marketing teams are hampering progress in the financial services sector, according to a survey from compliance software producer Red Marker.

ISA, AIST merged association announces name change

The merged Australian Institute of Superannuation Trustees and Industry Super Australia will be named the Super Members Council of Australia.

Scientific Beta advocates 7pc decarbonisation push

Investment service Scientific Beta is advocating the seven per cent decarbonisation commitment and divestment pressure on large emitters to meet the emission goals for 2050.

CFA Institute launches private markets and alternatives certificate

The CFA Institute has launched a private markets and alternative investments certificate.

PGIM, Point Capital expand Australian rental portfolio

PGIM Real Estate and Point Capital have already purchased two properties since entering a joint venture to develop a portfolio of residential properties for rent in Australia.

ClearView appoints chief of staff

Life insurance company ClearView Wealth has appointed Sharon Leong as chief of staff.

Almost three-quarters pass August adviser exam

Almost three-quarters of candidates sitting the August adviser have passed, according to results from ASIC.

ASFA, ISA welcome passage of housing fund legislation

The Association of Superannuation Funds of Australia and Industry Super Australia have welcomed the passage of the Housing Australia Future Fund (HAFF) legislation, with the support of the Greens and crossbench senators and members.

Aware Super launches adviser portal

Industry fund Aware Super has launched its client portal to help independent financial advisers (IFAs) interact with the fund.

AMP, BT heads join FSC board

The Financial Services Council has appointed AMP chief executive Alexis George and BT Financial Group CEO Matt Rady to its board.

Rising costs worry most older Australians: Challenger research

A majority of older Australians are increasingly worried about the rising cost of living, which is negatively impacting their lifestyle and overall well-being, according to a recent study by National Seniors Australia and Challenger.

Australians retiring later than global peers: Natixis data

Australia and other developed countries have experienced improved retirement security for the first time in a decade, but Australians are retiring later, according to the Natixis Investment Managers’ Global Retirement Index.

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