Industry Updates

Returns bounce back for funds in November: SuperRatings

The median balanced option in super funds is expected to return 3.1 per cent in November, thanks to expectations of peak inflation, according to research house SuperRatings.

Industry UpdatesDecember 11, 2023

MLC Life hires remediation GM

MLC Life Insurance has appointed Ian Fletcher as general manager of remediation programs.

Industry UpdatesDecember 11, 2023

Dexus appoints CEO

Real estate asset manager Dexus has appointed Ross Du Vernet as CEO and executive director, effective from March 2024.

Industry UpdatesDecember 11, 2023

FSCP hands out first published banning order

The Financial Services and Credit Panel has published its first banning order against an adviser, on the grounds they are insolvent under administration.

Industry UpdatesDecember 8, 2023

NGS Super hit with additional licence conditions from APRA

APRA has imposed additional licence conditions on NGS Super over its lack of cyber controls.

Industry UpdatesDecember 8, 2023

CSLR board appoints inaugural CEO

The Compensation Scheme of Last Resort transitional board has appointed David Bery as inaugural CEO and Delia Rickard as a non-executive director, ahead of the scheme's scheduled commencement in April 2024.

Industry UpdatesDecember 7, 2023

Super performance test shakeup on the card for government

The federal government has opened up to the idea of fine tuning the superannuation performance test, to account for member outcomes without holding back investment in economic priorities such as the net zero transformation and housing, following the third Treasurer’s Investor Roundtable in Canberra.

Industry UpdatesDecember 6, 2023

AFCA makes independent board appointment

The Australian Financial Complaints Authority has appointed Heron Loban to its independent board, effective from 1 January 2024.

Industry UpdatesDecember 6, 2023

Bravura promotes two to regional CEOs in global restructure

ASX-listed financial services software company Bravura Solutions has promoted Paul Dunn and Chris Spencer to CEOs of APAC and EMEA respectively.

Industry UpdatesDecember 6, 2023

Federated Hermes establishes partnership with GASP

Investment manager Federated Hermes has partnered with The Global Alliance for a Sustainable Planet (GASP) in the leadup to COP28 in the United Arab Emirates.

Industry UpdatesDecember 6, 2023