Industry Updates

Cbus CEO to retire

After completion of two major mergers, the CEO of industry fund Cbus Super, Justin Arter, will retire in May.

Future2 Foundation to include AFA and SMSF Association members

The Financial Planning Association’s Future2 Foundation has expanded its scope to include members of the Association of Financial Advisers and the SMSF Association as participants in its charitable activities.

Vanguard issued warning from NZ market authority

New Zealand’s Financial Markets Authority (FMA) has issued a formal warning to Vanguard Australia for failing to lodge a required notice on the NZ Companies Office Disclose Register regarding action taken against it by ASIC.

Cboe Australia launches first local offering

Cboe has launched the first phase of its first Australian offering, Cboe BIDS Australia.

Advisers increase usage of capital notes: AUSIEX data

Data from AUSIEX shows hybrid securities recorded the highest traded value in December 2022 since at least 2018, more than double that of the value in the previous December.

Antipodes appoints Magellan research head as portfolio manager

Investment manager Antipodes has appointed Magellan Asset Management head of research Vihari Ross as a portfolio manager.

Broad consensus for Australia’s sustainable finance taxonomy

The Australian Sustainable Finance Institute’s final taxonomy recommendations report has found that there is broad consensus across the finance sector, industry, civil society, and real economy actors on the key design elements of an Australian sustainable finance taxonomy and its rapid development.

Apostle launches global carbon credit fund

Apostle Funds Management has launched its Global Carbon Credit Fund, which offers exposure to global carbon markets for sophisticated and institutional investors.

NGS Super hacked

NGS Super’s systems were attacked on March 17, the super fund said in a statement on Monday.

Lumiant to launch mobile app via Invest Blue and Savant backing

Advice and client engagement platform Lumiant will launch a mobile app thanks to a $5.26 million capital raising from financial planning firm Invest Blue and US-based wealth management firm Savant Wealth Management.

February adviser exam sees 67pc pass rate

The first adviser exam for 2023 has seen a 67 per cent pass rate, according to results released by ASIC on Monday morning.

ClearView improves IP caps

ClearView Wealth has changed income caps and simplified product names across its income protection (IP) range.

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