Industry Updates

Melbourne Securities fined by ASIC over greenwashing

Melbourne Securities has paid $13,320 to comply with an infringement notice issued by ASIC in which the corporate regulator claimed it made greenwashing statements. 

UN Principles for Responsible Investment adds two executives

The UN Principles for Responsible Investment has made two appointments to its executive team. 

Lanteri Partners launches white-label solution with OpenInvest

Melbourne wealth manager Lanteri Partners has launched Medici Invest, an online solution providing investment strategies to a wider audience of emerging affluent Australians. 

Asena Family Office opens shop in Australia

US-based Asena Family Office has launched an Australian-based arm of its business, with Melbourne boutique wealth management firm Giles Wade joining the group. 

MLC Life nabs Cbus talent as chief technology officer

MLC Life Insurance has appointed Mirella Robinson to the newly created role of chief technology officer.

NZ Super appoints new chair

Guardians of NZ Super has appointed John Williamson as the Kiwi sovereign fund’s chair, replacing Catherine Drayton who is stepping down at the end of this week. 

Global pension assets approach $85t after 2023

Global pension assets have risen 11 per cent to reach US$55.7 trillion ($84.9 trillion) in 2023, according to the Thinking Ahead Institute’s latest Global Pension Assets Study. 

REST makes first impact investment in listed equities

Retail workers industry fund REST has made its first listed equity impact investment, committing $150 million into a mandate with asset manager Ninety One.  

Iress sells OneVue platform business to Praemium

Iress has agreed to sell the platform business it acquired from OneVue to ASX-listed platform technology provider Praemium.

Aware Super to fuel sustainability transition with global co-investment

Aware Super has made a US$50 million ($76 million) co-investment alongside Macquarie Asset Management (MAM) into a specialty infrastructure finance company helping to fund the North American sustainability transition. 

Super caps to increase in FY24

The Federal Government has confirmed increases in the standard concessional and non-concessional contributions caps for FY24.

AMP Advice launches Estate Planning Service with fintech

AMP Advice has partnered with fintech Yodal to provide financial planning practices with access to Estate Planning Service. 

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