Industry Updates

Deakin University dominates AMP University Challenge

Teams from Deakin University have taken first and second place in AMP’s 2024 University Challenge.

ASIC warns licensees of AI adoption governance gap

ASIC is cautioning licensees to ensure their governance practices keep up with their adoption of AI after its first report showed a potential gap between governance and AI adoption. 

Former Iress CEO joins Profile board

Former Iress CEO and Xplan co-founder Andrew Walsh will join the board of boutique advice firm Profile Financial Services at the end of the months as independent non-executive director at the end of the month.

Federal Court rules HCF Life contract term was liable to mislead public

The Federal Court has found that a ‘pre-existing condition’ term in a few HCF Life Insurance Company policies was liable to be misleading.

AMP makes senior hires in super and investment team

AMP has made two senior appointments to its super and investment team, reporting to group executive of the division Melinda Howes. 

CALI board elects co-chair and three directors

The board of the Council of Australian Life Insurers has appointed MLC life insurance chief executive Kent Griffin as co-chair, sharing the position with AIA Australia CEO Damien Mu. 

NZ Super appoints co-CIOs

Kiwi sovereign NZ Super has appointed two joint chief investment officers following the departure of previous CIO Stephen Gilmore who joined CalPERS earlier this year. 

My Dealer Services appoints head of strategy after commitment to growth

My Dealer Services has appointed Ashley Mahadeea as head of strategy as the firm looks to grow its depth of services and number of self-licensed advisers. 

REST appoints interim chief investment officers

REST has appointed two interim chief investment officers following the announcement that Andrew Lill, its CIO for the last five years, will depart the fund in November. 

Super funds on pace for a strong CY24

Super funds had a strong September with the median growth fund (61 to 80 per cent in growth assets) up 1.2 per cent for the month, according to Chant West.

ASIC makes dual appointments to executive leadership team

ASIC has made two appointments to its executive leadership team, covering its regulation and supervision, and enforcement and compliance divisions.

Genium appoints head of investment solutions

Research firm Genium Investment Partners has appointed Andrew Vong as head of investment solutions.

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