Industry Updates

LifeBid raises $1.45m in equity funding

Life insurance platform LifeBid has raised $1.45 million in equity funding since launching its equity raising campaign in August, surpassing its goal of $1 million.

MLC Life appoints COO and CPO

MLC Life Insurance has appointed Jane Murray and Kristin Miller to the roles of chief operating officer and chief people officer, respectively. 

Betashares launches currency hedged version of FTSE 100 ETF

ETF manager Betashares has launched a currency hedged version of its FTSE 100 ETF on the ASX.

Financial stress takes a heavy toll: Rest survey

The latest survey by a profit-to-member super fund Rest has revealed that financial stress and cost-of-living pressures are taking a toll on the mental health and outlook of its young members.

Requirement met for AMP Capital domestic sale met

AMP and Dexus Funds Management have confirmed the requirement needed to complete the sale of AMP Capital’s real estate and domestic infrastructure equity business Collimate Capital has been met.

Diverger receives rival acquisition offer

Diverger has confirmed in an announcement to the ASX that it has received a non-binding offer to be acquired by COG Financial Services.

FAAA names Gwen Fletcher Memorial Award winner

The Financial Advice Association has named Andrew Dickinson as the winner of the Gwen Fletcher Memorial Award for semester two of 2023. 

Schroders appoints equities analyst

Schroders Australia has appointed Elise Kennedy as equities analyst, with responsibilities encompassing technology, healthcare providers/logistics, small cap general retail, and office property trusts.

Rising volatility calls for swift adviser action

Financial advisers must be increasingly nimble, agile, and flexible in the current volatile economic and geopolitical environment, according to Asia Group partner and chair Arthur Sinodinos. 

Close to half of CFA Level III candidates pass the exam

CFA Institute has announced that of 16,035 candidates worldwide who sat for the Level III Program exam in August 2023, 47 per cent passed. 

WT Financial Group appoints NED

ASX-listed advice group WT Financial Group has appointed Chelsea Pottenger as a non-executive director, replacing Michael Harrison, who is retiring from WTL to focus on external commercial interests. 

TelstraSuper introduces new retirement income offering

TelstraSuper has launched a new retirement income product, RetireAccess Lifetime Pension, designed to give retirees more confidence to spend money without fear of their savings running out or being eroded. 

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