Industry Updates

DASH posts close to 50pc jump in FUA

DASH Technology Group has posted a close to 50 per cent jump in its investment platform’s funds under administration for the 2023 calendar year.  

UniSuper adds $260m Melbourne industrial development

UniSuper has acquired a warehouse, logistics and manufacturing greenfield development site in Deer Park, Melbourne for $260 million. 

Slipstream Group names new business coach

Coaching group for financial planning and accounting practices, Slipstream Group, has appointed Darren Smith as business coach and national key accounts manager.  

Hirst to replace Hazelton as AMP chair

AMP has named former Bendigo and Adelaide Bank chief executive Mike Hirst as chair, replacing Debra Hazelton who is retiring after this year’s AGM.  

iExtend appoints chair

iExtend has appointed the founder of AMP’s private capital business Peter Cassidy as chair of its board. 

SMSFs outperform APRA-regulated funds in market downturn: Research

University of Adelaide research has found that SMSFs outperformed ARPA-regulated super funds in a period of market downturns.  

FSC recommends lifting investor test threshold, grandfathering

Research released by the Financial Services Council has found that in less than a decade, almost a fifth of Australian households would be eligible to buy wholesale products without retail consumer protections, leaving them potentially vulnerable due to not properly understanding the associated financial risks. 

REST ups impact and alternative allocations via agriculture fund

Retail workers industry fund REST has ramped up its impact and strategic alternatives allocations through an investment in the agriculture focused Cibus Fund II. 

TAL unveils course program for its Risk Academy

Life insurer TAL has announced the 2024 course program for TAL Risk Academy, an education platform for financial advisers, professional year candidates, and support staff. 

Count acquires offshore service company Solutions Centric

Advice network Count has acquired Solutions Centric, an Australian company that provides offshore accounting, tax and SMSF services out of India. 

Jeremy Cooper joins Bennelong board

Former Challenger retirement income chair and lead of the eponymous Cooper Review under the Rudd government, Jeremy Cooper, has joined Bennelong Funds Management as non-executive director. 

Court rules Block Earner crypto product needs AFSL

Fintech company Block Earner has been found by the federal court to have engaged in unlicensed financial services conduct when offering its crypto-backed Earner product. 

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