Industry Updates

First Nations Foundation locates $25.2m in lost super

First Nations Foundation has reconnected Indigenous communities with $1.2 million in superannuation in 2023, boosting the overall total of super located to $25.2 million.

QMV Legal closes shop following Novigi acquisition

Novigi has closed its specialist superannuation law advisory practice, QMV Legal, with managing partner Jonathan Steffanoni set to start a new firm.  

Former Funds SA CEO to lead NZ Super

Jo Townsend has been appointed chief executive of the Guardians of New Zealand Superannuation, the Crown entity that manages the NZ$70 billion ($64 billion) sovereign fund NZ Super. 

UniSuper names head of fixed interest

UniSuper has appointed Mathew McCrum as its head of fixed interest.  

Adviser track record essential for HNW women

Half of high net worth (HNW) women listed a “range of different investment options” as a top priority when engaging with a financial adviser compared to 34 per cent of men, according to research from JBWere. 

Perpetual enlists Pendal’s front office manager

Perpetual has appointed State Street’s service company Charles River to manage the front office operations for its Australian asset management business. 

Wholesale investor and client test PJC inquiry launched

The Parliamentary Joint Committee on Corporations and Financial Services has commenced an inquiry into the wholesale investor test and the wholesale client test for financial products and services.

Northern Trust appoints international enterprise client solutions head

Northern Trust has appointed Gary Paulin to the newly-created role of head of international enterprise client solutions. 

ART appoints former regulator, govt official to board

Australian Retirement Trust has appointed former APRA deputy chair Helen Rowell and chancellor of Macquarie University Martin Parkinson as independent directors to its board. 

Third person pleads guilty regarding Courtenay House Ponzi scheme

A third person has pleaded guilty to the Courtenay House Ponzi scheme in Sydney. 

Integro partners with regional WA accounting firm

Integro Private Wealth has partnered with AMD Chartered Accountants to increase access to advice in regional WA.

February sees fourth consecutive growth month for super funds

Super fund performance was up for the fourth consecutive month in February, with the median growth fund (61 to 80 per cent in growth assets) delivering a 1.9 per cent return for the period, according to researcher Chant West.  

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