Industry Updates

Maple-Brown Abbott partners with Hyde Park Investment

Boutique investment manager Maple-Brown Abbott has partnered with Hyde Park Investment to distribute its UCITS funds in the UK and several other European countries.

Super on PPL drastically improves retirement balances: HESTA modelling

Modelling from industry fund HESTA has revealed that paying super on the Commonwealth Parental Leave Pay scheme and better targeting tax concessions could significantly improve the retirement balances of critical health and community services professionals.

Ord Minnett appoints head of institutional research

Wealth management group Ord Minnett has appointed Alastair Hunter as head of institutional research. Hunter has over 32 years of experience in equity research and financial markets. He was rated number one bank analyst while working as head of research at Goldman Sachs/JBWere.

AMP acquires Nano home loan book

AMP Bank has acquired Nano’s residential mortgage portfolio, adding approximately $400 million in loans to its residential mortgage book.

Investor Desk launches digital investment service

Investor Desk has launched a new digital investment service through its thematic portfolios in collaboration with OpenInvest.

Insignia grows automation footprint by using bots

Since Insignia Financial implemented digital worker ‘Optimus’ in 2019, its digital workforce has steadily increased. It now automates over 60 processes, reducing costs and improving business efficiencies.

Summerhayes appointed Zurich chair

Former FSC director and APRA executive board member Geoff Summerhayes has been appointed as chair of the board of Zurich Financial Services.

ACCC conducting sweep of social media influencers

The ACCC has commenced a sweep to identify misleading testimonials and endorsements by social media influencers, based on consumer tip-offs.

AFA, FPA push for member engagement ahead of consult deadline

The member consultation period on a proposed merger between the Financial Planning Association and Association of Financial Advisers is due to close on 31 January, with members encouraged to provide their feedback before then.

MLC appoints non-executive director

MLC Life Insurance has appointed David Stephen to its board as an independent non-executive director.

FSC research backs purpose of super

The FSC has released consumer research that found strong support for legislating an objective for superannuation, providing that it focuses on delivering retirement income for all Australians.

Sustainability considerations a factor for 90pc of real assets investors

Ninety-three per cent of global institutional investors actively consider ESG and sustainability in their real assets investment decisions, according to new research from Aviva Investors.

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