Industry Updates

AustralianSuper-backed ‘built-to-rent-to-own’ project completes

Australia’s first super-backed ‘built-to-rent-to-own' (BTRTO) developed has been completed in Melbourne’s Kensington area with the first batch of residents set to move in.

TAL appoints successor to Brett Clark

Life insurer TAL has appointed Fiona Macgregor as the new group CEO and managing director, filling in the position made empty by Brett Clark's promotion to CEO and managing director of Dai-ichi Life Group, TAL’s parent company.

Cbus appoints chief risk officer

Cbus Super has appointed Martha Georgiou as chief risk officer.

Singaporean sovereign fund invests in Betashares

Singapore-headquartered Temasek entered a binding agreement with Australian ETF provider Betashares to invest up to $300 million. 

Government launches consultation on DBFO draft regs

The government has launched a consultation on the first tranche of draft regulations for the Delivering Better Financial Outcomes bill.

Balanced fund returns 8.1pc FYTD: SuperRatings

Super funds have recouped some of the April losses in May and pushed the financial year to date (FYTD) return for balanced funds to 8.1 per cent, according to research house SuperRatings.  

Brighter Super selects State Street as custodian and administrator

State Street has become the custodian and administrator of the $30 billion Brighter Super. 

NZ Super appoints acting CIO

The Guardians of Kiwi sovereign fund NZ Super has appointed Alex Bacchus as acting chief investment officer amid Stephen Gilmore’s departure to Calpers. 

HESTA appoints general manager of strategic planning

Health industry fund HESTA has appointed Alissa Knight to the newly created role of general manager strategic planning, effective from 11 June.  

Court finds Active Super made misleading claims over ESG and Russian investments

The Federal Court found that Active Super has made misleading claims about ESG and Russian investments in its website, reports and disclosure documents, in a case brought forward by ASIC amid the regulator’s increasing focus on greenwashing.  

Sequoia chief executive survives attempted ouster

Sharesholders of ASX-listed licensee Sequoia Financial Group have voted for chief executive Garry Crole and director Kevin Pattison to stay in the firm, following attempts to replace the duo with Peter Brook and Brent Jones.  

ASIC issues DDO stop order against Australian Unity

ASIC has made an interim stop order preventing Australian Unity from distributing the Select Income Fund (SIF) to retail clients. 

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