Industry Updates

Govt aims to increase tax rate on super balances over $3m

The Albanese government will increase the tax rate on super balances higher than $3 million dollars to 30 per cent.

ASIC launches court action against Mercer Super for alleged greenwashing

ASIC has launched its first court action against alleged greenwashing conduct, commencing civil penalty proceedings in the Federal Court against Mercer Superannuation for allegedly making misleading statements about the sustainable nature and characteristics of some of its superannuation investment options.

HESTA investment committee chair to depart

HESTA investment committee chair and independent director Mark Burgess will leave the board when his term expires.

Pengana Capital appoints former AMP Advice managing director as distribution manager

Diversified funds management group Pengana Capital has appointed Fraser Herd as distribution manager for the NSW region.

MetLife report warns of increasing financial insecurity among women and vulnerable Australians

Increasing economic pressures will widen the insurance coverage gap among vulnerable Australians unless action is taken, according to a new industry report from MetLife Australia.

SUPERCentral announces 2023 estate planning course dates

Online document provider SuperCentral will continue offering its specialist estate planning course, the EPAdvantage Estate Planning Program, to the advice community. 

FYG Planners launch WealthEye CRM

Financial planning dealer group FYG Planners have launched a WealthEye CRM solution built on the Dynamics 365 platform.

Metrics appoints external relations director

Metrics Credit Partners has appointed Kivanch Mehmet as external relations director as investors’ interest in private debt continues to rise.

HUB24 regains top platform spot: Investment Trends

Investment Trends has released its 2022 Platform Benchmarking and Competitive Analysis Report, which has seen HUB24 regain top spot over Netwealth.

Andrea Slattery awarded SMSF Association life membership

Co-founder and inaugural SMSF Association managing director Andrea Slattery has been the first to be awarded life membership by the association.

ClearView divesting managed investments business

ClearView will take a 40 per cent strategic stake in investment technology firm Human Financial in exchange for the former’s managed investment business.

AXA IM aligns compensation of senior executives to its ESG ambitions

As part of its commitment to becoming net zero as a business and investor by 2050 to help the transition to a more sustainable world, AXA Investment Managers (AXA IM) is now including ESG targets in the remuneration of its senior executives.

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