Industry Updates

Northern Trust fined over greenwashing claims

Northern Trust Asset Management has paid $29,820 to ASIC over two infringement notices for greenwashing activities, an update from the corporate regulator has said. 

ASIC changes first 2024 exam date

To accommodate implementation of changes announced for the adviser exam last week, ASIC has announced the date of the first 2024 adviser exam will be 24 March.

Mine Super and TWUSUPER unveil merged fund name

Industry funds Mine Super and TWUSUPER are on track to complete their merger by mid 2024, announcing that the new entity will be named Team Super.  

Australian Unity appoints GM of its trustee business

Australian Unity has appointed Kirstin Follows as executive general manager of trustees, who has been acting in the role since July this year.  

Link Group receives $1.2b takeover bid

Super fund administration service provider Link Group has received a $1.2 billion takeover bid from a subsidiary of Japanese giant, Mitsubishi UFJ Financial Group.  

Zurich extends partnership with mental health charity Mr Perfect

Zurich Financial Services Australia has renewed its 12-month support for Australian mental health charity Mr Perfect. 

ART CIO Ian Patrick joins FEAL board

The Fund Executives Association (FEAL) has appointed Australian Retirement Trust’s CIO Ian Patrick to its board of directors, replacing Hostplus’ recently departed group executive of member experience, Paul Watson.

Count picks up Insignia-licensed practice

Sydney-based advisory business Critique Private Clients has joined the Count network, switching from Insignia-owned Consultum Financial Advisers.  

OpenInvest receives long-term funding

Melbourne-based investment platform OpenInvest has secured long-term financial support from the Tayside Group, the family office of the Smith family.  

Two-thirds pass November adviser exam

Some 66 per cent of candidates have passed the 23rd adviser exam, which was held in November, according to an update from ASIC.

AustralianSuper brings death claims management in-house

AustralianSuper has changed its membership service model to internalise the death claims and complaints processes, while announcing that it’s signed a memorandum of understanding to negotiate an extension for Link Group to provide core administration services until at least 2028.

AMP updates self-licensed adviser service offering

AMP has updated its offering for self-licensed financial advisers, Jigsaw Advice Solutions, with the aim of helping improve service efficiency.  

Previous Next