Industry Updates

Hostplus surges to $100 billion in FUM

Hostplus has passed $100 billion in funds under management, which has been driven by mergers and strong member growth in its personal division.

Mirova & Robeco lead initiative to develop global database of avoided emissions factors

Asset management company Mirova, international asset manager Robeco, and a group of 11 financial players have launched a call for expressions of interest to develop a global database of avoided emissions factors and associated company-level avoided emissions.  

Cbus Super and EISS Super complete merger

Cbus Super has merged with EISS Super on Monday, following extensive due diligence and planning, welcoming 17,000 new members. 

AZ NGA claims stake in HNW advice practice

AZ NGA has entered into a strategic partnership with High Net Worth advisory firm Rose Partners.

BlackRock appoints client business head

BlackRock Australia has appointed Jonathan Jenkins as head of client business in Victoria, Tasmania, South Australia, and Western Australia.

MLC Life Insurance appoints general manager

MLC Life Insurance has appointed Craig Dainton as general manager of customer and adviser operations. 

GSFM & AEP launch film and television fund

GSFM has partnered with Australian Entertainment Partners to launch the AEP Screen Fund, which will invest in film and television projects made in Australia.

Invest Blue and Lumiant pair up for $2m digital platform partnership

Financial advice firm Invest Blue has partnered with software company Lumiant to build a cloud-based digital advice platform that aims to boost client engagement, satisfaction, and well-being.

ASIC sues HCF Life for pre-existing condition contracts

ASIC has commenced civil proceedings in the Federal Court alleging three types of insurance policies issued by HCF Life Insurance Company contain unfair contract terms and could mislead the public.

Morningstar managing director to depart

Morningstar Australia and New Zealand managing director Jamie Wickham will leave Morningstar at the end of this month.

Federated Hermes appoints Asia Pacific distribution head

The head of Federated Hermes’ international client group, Jim Roland, has been promoted to the position of head of distribution for Asia Pacific.

HUB24 expands relationship with Striver

Investment platform HUB24 will expand its relationship with advice networking/recruitment firm Striver to provide more educational resources to support the next generation of financial advisers.

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