Industry Updates

UniSuper commits $623m in renewables fund

UniSuper has poured US$400 million ($623 million) into an energy transition and climate opportunities fund, aiming to support the global net zero transition.  

Dixon Advisory settlement approved by Federal Court

The Federal Court has approved the $16 million settlement in a class action lawsuit against E&P, the parent company of Dixon Advisory & Superannuation Services (DASS), and former executives Alan Dixon and Christopher Brown.  

UniSuper names MetLife as new insurer

The $130 billion UniSuper has selected MetLife as its new insurer, ending a decade-long relationship with TAL.  

Iress completes sale of OneVue platform business

Iress has completed the sale of the OneVue platform business to ASX-listed Praemium. 

ASIC appoints Yanco interim CEO as Day departs

ASIC has appointed Greg Yanco as interim CEO, replacing Warren Day who will join the Commonwealth Director of Public Prosecutions (CDPP) on secondment as its executive officer. 

Super funds shoot for double digit return in FY24: SuperRatings

As the final quarter of the financial year approaches, super funds have the potential to see a double-digit return in the balanced options, as the median fund delivered 8.8 for the first nine months of FY24, according to SuperRatings.  

ESSSuper class action launched over unpaid entitlements

Gordon Legal has commenced a class action against the Emergency Services Superannuation Board (ESSSuper) for unpaid super entitlements.

ASFA appoints head of policy and advocacy

ASFA has appointed James Koval as its head of policy and advocacy in a newly created role.  

Life Code breaches increase for third consecutive year

Total breaches of code obligations have increased for a third consecutive year according to the latest report released by the Life Code Compliance Committee (Life CCC). 

Mayfair 101 director arrested and charged with dishonest conduct

Mayfair 101 director James Mawhinney has been arrested and charged with four counts of engaging in dishonest conduct in the course of carrying on a financial services business.

REST invests in industrial property impact fund

Retail workers fund REST has made an impact investment in industrial property via Fidelity’s real estate logistics impact climate solitons fund (LOGICs).  

Adviser Ratings appoints product director

Adviser Ratings has appointed Andrew Page as product director.  

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