Industry Updates

Insignia sells investment bond business to Aus Unity

Insignia Financial will sell its friendly society investment bond business, IOOF Ltd, to Australian Unity with the proceeds being utilised to further reduce net debt.

Aware Super migrates a million members to Bravura platform

Industry super fund Aware Super has moved over one million members onto a single technology platform, Bravura Sonata Alta, which included the phasing out of paper-based legacy systems.

Mercer appoints CEO of wealth portfolio

Financial services company Mercer has appointed Cathy Hales to the newly-created role of wealth Pacific CEO, responsible for the $63 billion Mercer Super Trust and super administration services arm.

MLC improves Vivo program

MLC Life Insurance is improving its Vivo program by building digital capabilities and expanding its provider network.

ASIC lifts DDO stop orders on Clearview

ASIC has lifted its interim Design and Distribution Obligation stop orders on two Clearview Income Protection Covers, which it introduced last week.

EQT adds Future Super; announces board changes

The superannuation trustee arm of Equity Trustees has started the financial year picking up the Future Super Fund as a client, as well as announcing two board appointments.

Nuveen appoints head of consultant relations

Global asset manager Nuveen has appointed Jaxon Rudduck as head of APAC ex-Japan consultant relations. 

Spark Financial makes several personnel changes

National dealer group Spark Financial has appointed Damien Kirby and Tennille Catchpole as advice and compliance coaches.

AMP announces re-shaped executive line-up

Matt Lawler and Edwina Maloney will be part of the AMP executive team, along with a future head of superannuation and investments, as part of the executive re-shuffle that included the departure of wealth CEO Scott Hartley.

MLC Life appoints head of group pricing

MLC Life Insurance has appointed Brett Pickett as head of group pricing with a focus on securing major partners in the superannuation sphere.

Iress appoints former Pendal group CFO to same role

Iress has appointed former Pendal chief financial officer Cameron Williamson as group CFO.

Qualitas makes two senior appointments

Alternative real estate investment manager Qualitas has appointed David Porter and Tom Keenan as head of institutional capital and as head of international wholesale capital, respectively.

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