Industry Updates

Equity Trustees names new non-executive director

Equity Trustees has appointed Suzanne Holden as a non-executive director to its superannuation trustee business, as it passes the $60 billion funds under supervision (FUS) milestone. 

Govt to introduce ‘regulatory grid’

The government will introduce a financial sector regulatory initiatives grid to help the industry better implement regulatory changes in a more efficient way.

Govt opens consultation on super performance test

Treasury has released a consultation paper on the superannuation performance test, addressing concerns from funds that the benchmarks are restricting their investment choices.  

Revenue per client up 8 pc since 2020: Research

The average revenue per client for financial advisers is $3852, an increase of eight per cent since 2020, while the number of clients per adviser sits at 141, according to the latest Business Health ‘By The Numbers’ report.

FAAA to continue female mentoring program in 2024

The Financial Advice Association is set to continue with its Women in Financial Planning Mentoring Program in 2024 and is looking for sponsors after government funding was not renewed.

REST names Scott Tully as product head

REST has appointed Scott Tully as general manager of product in a bid to enhance the fund’s member offers.  

Kaplan launches new financial services postgrad course

Kaplan Professional has launched a Master of Financial Services education course. 

Australian women vulnerable to TPD impact: MLC study

Nearly half of Australian workers have three months' or less savings in the event of a disability which prevents them from working, and almost a third of women only having one month of savings, MLC Life Insurance research finds.

AustralianSuper commits $35b UK investment by 2030

AustralianSuper is set to increase its investment portfolio in the UK to more than £18 billion ($35 billion) by the end of the decade. 

AMP-authorised firm joins Count

Melbourne-based advisory business Tailored Lifetime Solutions has joined Count’s advice network, leaving AMP Financial Planning.  

UniSuper, ISPT acquire Western Sydney logistics site

UniSuper has invested in a 280-hectare greenfield logistics development site near the new Western Sydney International Airport (WSA). 

Diverger partners with e-signing company

Diverger has partnered with Australian company Annature to deliver e-signing solutions for financial advisers and accountants in its network.  

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