Charity development fund appoints JANA as asset consultant
Religious charitable development fund Uniting Financial Services (UFS) has appointed asset consultancy JANA to advise its investments.
Industry UpdatesJanuary 16, 2024
Sequoia appoints WA/SA state manager
Sequoia Financial Group has appointed Bernie Fernandes as the state manager of Western and South Australia.
Industry UpdatesJanuary 16, 2024
FAAA backs changes to financial adviser exam
The Financial Advice Association Australia (FAAA) has backed the government’s proposed changes to the financial adviser exam, saying it makes it simpler and potentially cheaper to sit.
Industry UpdatesJanuary 11, 2024
Centrepoint chair resigns after four months in the role
Chair of ASX-listed financial advice licensee Centrepoint Alliance, Simon Swanson, has resigned effective immediately, after taking over the role in August last year.
Industry UpdatesJanuary 11, 2024
Endeavour Securities directors fined $390k by ASIC
Coporate watchdog ASIC has ordered four current and former directors of Endeavour Securities and Linchpin Capital Group to collectively pay $390,000 in penalties.
Industry UpdatesJanuary 10, 2024
SG Hiscock & Company nabs UniSuper talent as group CIO
SG Hiscock & Company has appointed UniSuper talent Robert Hogg as group chief investment officer, taking over from executive chair Stephen Hiscock.
Industry UpdatesJanuary 10, 2024
AFCA records over 100k annual complaints for the first time
The Australian Financial Complaints Authority has recorded 100,000 complaints in a calendar year for the first time, with the number of scam related complaints almost doubling year on year.
Industry UpdatesJanuary 9, 2024
CSLR board estimates $241m for initial levy
The board for the Compensation Scheme of Last Resort has provided a $241 million estimate of the initial levy to fund claims from eligible consumers who suffered from financial misconduct.
Industry UpdatesJanuary 8, 2024
FAAA hires marketing and comms head
The Financial Advice Association has appointed John Summerhays as head of marketing and communications.
Industry UpdatesJanuary 8, 2024
Court finds OnePath did not breach duty of utmost good faith
The Federal Court has found that Zurich Australia did not breach its duty of utmost good faith when OnePath Life, the previous owner of Zurich’s life insurance business, avoided an income protection policy because the insured failed to disclose a prior history of hospitalisation for serious mental health issues.
Industry UpdatesDecember 21, 2023
First Nations financial groups launch scholarship program for women
First Nations Economics and First Nations Foundation have launched a $120,000 scholarship program to support women studying finance and business.
Industry UpdatesDecember 21, 2023
REST expands industrial property exposure
Industry fund REST has expanded its exposure to industrial property through a $1 billion partnership with investment manager Barings.
Industry UpdatesDecember 21, 2023