Industry Updates

Engage Financial Solutions launches partner firm

Engage Financial Solutions has announced the launch of partner firm Engage Practice Management, which will be led by former Profile Financial Services CEO Lena Ridley.

MLC Life to merge with Resolution Life under new brand

MLC Life and Resolution Life Australasia will come together under a new brand, Acenda, following the acquisition of the latter by Japanese insurer Nippon Life.

Financial Services and Credit Panel re-appoints 24 members

The government has reappointed 24 members to the Financial Services and Credit Panel for a three-year period, commencing 1 January 2025.

ART appoints chief risk officer

Australian Retirement Trust has appointed Darryl Burke as its chief risk officer, effective from 17 March 2025. 

Former NAB trustees settle class action for $64 million

Former NAB trustees (NULIS Nominees and MLC Nominees) have reached an agreement with the plaintiffs of the MySuper class action commenced by Maurice Blackburn to settle for a total of $64.25 million.

Funds SA nabs Hostplus deputy CIO

Funds SA, the investment corporation owned by the Government of South Australia, has appointed current Hostplus executive Con Michalakis as its new chief investment officer. 

November exam sees 77 pc pass rate

ASIC has released the results of the November adviser exam which has seen 225 candidates (77 per cent) pass the exam, an increase compared to the September sitting which saw only 62 per cent pass.

AFCA completes 3-year program responding to independent review

The Australian Financial Complaints Authority has announced the completion of a three-year program responding to the 2021 Independent Review of its operations, saying the work had redefined its approach to external dispute resolution and positioned AFCA as a global leader in its field.

First Sentier Investors makes senior commercial appointments

First Sentier Investors has appointed its global head of distribution and marketing, Harry Moore, to the newly created role of chief commercial officer. His current position will be filled by Lauren Prendiville, currently the regional managing director and head of distribution for APAC.

FSC Survey: Fund managers still struggle to attract women in investment teams

The Financial Services Council (FSC) has released the results of its 2024 Women in Investment Management Survey, conducted by Storniolo Consulting. 

AustralianSuper appoints three in international equities team

AustralianSuper has hired three senior investment professionals in its international equities team, all based in the fund's London office. 

Superannuation assets hit $4 trillion mark

Total superannuation assets have surpassed the $4 trillion mark at the end of September, according to new quarterly data released by APRA. 

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