Industry Updates

Aware Super to fuel sustainability transition with global co-investment

Aware Super has made a US$50 million ($76 million) co-investment alongside Macquarie Asset Management (MAM) into a specialty infrastructure finance company helping to fund the North American sustainability transition. 

Super caps to increase in FY24

The Federal Government has confirmed increases in the standard concessional and non-concessional contributions caps for FY24.

AMP Advice launches Estate Planning Service with fintech

AMP Advice has partnered with fintech Yodal to provide financial planning practices with access to Estate Planning Service. 

Tasmanian Retirement Benefit Fund names JANA as consultant

The Tasmanian Retirement Benefit Fund has appointed JANA as its investment consultant.  

SMSF Association chair re-elected

Brisbane law firm Cooper Grace Ward Partner Scott Hay-Bartlem has been re-appointed chair of the SMSF Association for another two-year term.

MSCI names former UBS executive as AUNZ head

MSCI has appointed former UBS executive Shane Edwards as its managing director and head of Australia and New Zealand client coverage.  

Kaplan to offer three new designations

Industry education provider Kaplan Professional has partnered with the College for Financial Planning, a Kaplan US company, to offer three globally-recognised designations in Australia. 

LGT Crestone expands Adelaide presence

Wealth company LGT Crestone has appointed Ben Potter as partner, investment adviser to its Adelaide office.  

Aussies confident in finding best retirement product themselves: FSC

The majority of Australians (87 per cent) trust themselves to choose the right retirement product over the government, a Financial Services Council poll has found.  

Young women more likely to be stressed about cost of living

Data from ASIC’s Moneysmart has found that Gen Z (aged 18 to 26) women are more likely than Gen Z men (87 to 77 per cent) to be severely stressed about the cost of living, while the generation as a whole reported feeling overwhelmed by finances and money.  

Aware Real Estate launches inner Sydney BTR development

Aware Real Estate, a subsidiary of Aware Super, is set to develop 135 apartments in Sydney inner suburb Zetland as the fund expands its built-to-rent portfolio.  

Federal Court approves Count’s acquisition of Diverger

The Federal Court has approved Count’s scheme of arrangement for its proposed acquisition of ASX-listed company Diverger.

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