Industry Updates

Govt to regulate genetic testing in life insurance underwriting

The government is considering the options to regulate the use of genetic testing results in life insurance underwriting, releasing a consultation paper on Monday for industry submissions.

Industry UpdatesNovember 27, 2023

Govt to introduce RBA reform bill this week

The government will this week introduce legislation to Parliament to reform the Reserve Bank of Australia by reinforcing its independence, clarify its role and modernise its structure.

Industry UpdatesNovember 27, 2023

Wealth transfer talks key to client satisfaction rate: Research

By encouraging clients’ children to be involved in the wealth-transfer process, financial advisers are likely to see a higher satisfaction and retention rate, according to a whitepaper from Australian Ethical and CoreData Research.

Industry UpdatesNovember 27, 2023

Super funds up offshore asset allocation in 2023: NAB

The total offshore asset allocation of Australian super funds has reached 47.8 per cent in 2023, according to the biennial NAB Super Insights Report.

Industry UpdatesNovember 27, 2023

Optimum Pensions releases retirement income strategies book for financial planners

Optimum Pensions has released a new book aimed at helping financial planners design secure income strategies for their retiring clients.

Industry UpdatesNovember 27, 2023

Australian Ethical CEO joins Australian Philanthropic Services board

Australian Philanthropic Services has appointed Australia Ethical CEO John McMurdo to its board of directors.

Industry UpdatesNovember 27, 2023

Frontier Advisors restructures research team

Frontier Advisors has restructured its research team, promoting a slew of internal talents.

Industry UpdatesNovember 24, 2023

ASIC gains court order for iExtend to apply for an AFSL

ASIC has accepted a court enforceable undertaking from iExtend after investigating concerns it was operating a financial services business without an Australian Financial Services Licence.

Industry UpdatesNovember 23, 2023

Mercer fined $12 million for fee disclosure failures

The Federal Court has ordered Mercer Financial Advice pay a $12 million penalty after being found to have failed in its fee disclosure obligations and charging fees to customers it was not entitled to charge.

Industry UpdatesNovember 23, 2023

MLC Life hires three in distribution team

MLC Life Insurance has made three appointments in its northern region retail distribution team.

Industry UpdatesNovember 23, 2023

ASFA names former HESTA executive Mary Delahunty as CEO

The Association of Superannuation Funds of Australia has appointed former HESTA executive Mary Delahunty as CEO.

Industry UpdatesNovember 23, 2023

Rest commits $1 billion to green data centres

Rest has invested $1 billion in green data centres via renewable and clean energy infrastructure manager Quinbrook Infrastructure Partners.

Industry UpdatesNovember 22, 2023

Govt to regulate genetic testing in life insurance underwriting

Govt to introduce RBA reform bill this week

Wealth transfer talks key to client satisfaction rate: Research

Super funds up offshore asset allocation in 2023: NAB

Optimum Pensions releases retirement income strategies book for financial planners

Australian Ethical CEO joins Australian Philanthropic Services board

Frontier Advisors restructures research team

ASIC gains court order for iExtend to apply for an AFSL

Mercer fined $12 million for fee disclosure failures

MLC Life hires three in distribution team

ASFA names former HESTA executive Mary Delahunty as CEO

Rest commits $1 billion to green data centres

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