Industry Updates

ASIC calls on life insurers to review claims payment systems after breaches reported

The corporate regulator is calling on life insurers to review the accuracy of their systems and controls for claims calculations and payments.

Adviser Ratings acquires Beddoes Institute

Adviser Ratings has acquired the Beddoes Institute, a wealth data analytics and research business.

Former Statewide Super executives charged with dishonesty offences

Two former Statewide Superannuation executives have been charged with dishonestly using their positions for the benefit of another between February and December 2019.

Plato IM expects ASX 200 to deliver 6pc yield in 2023

Investment management firm Plato Investment Management is projecting the ASX 200 will deliver a gross yield of 6 per cent in 2023, including dividends and franking credits.

Super trustees on notice to uplift complaints handling: ASIC

Superannuation trustees are on notice to improve their internal dispute resolution systems after a targeted review of trustee compliance with the enforceable complaints handling requirements, according to the corporate regulator.

JPMAM launches two new sustainable ETFs

J.P. Morgan Asset Management (JPMAM) has launched two new active sustainable ETFs on the ASX. 

Pendal names 3 appointees to Perpetual board

As part of the proposed acquisition of Pendal Group, Perpetual has announced the three Pendal directors that will join the board in an announcement to the ASX on Monday morning.

MPG stop order revoked

Stop orders issued by ASIC for two MPG Funds Management products have been revoked.

ART launches new digital service

Australian Retirement Trust has launched a digital tool to streamline the superannuation onboarding process.

CBA boosts remediation coverage for CountPlus

The Commonwealth Bank of Australia has almost doubled remediation coverage to CountPlus for past misconduct when it owned Count Financial.

November adviser exam sees 57pc pass rate

Over half of candidates passed the November adviser exam, according to results released by ASIC.

PGIM appoints new head of distribution

PGIM Investments has appointed Matt Shafer as head of international distribution.

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