Industry Updates

MA Financial appoints global asset management veteran as MD

Diversified financial services firm MA Financial Group has appointed global asset management veteran Anthony Habis as managing director, as well as the head of real estate partnerships in its asset management division.

Industry UpdatesJune 5, 2023

FSC to implement New Life Code of Practice next month

The Financial Services Council has reminded the industry it will implement the New Life Code of Practice on 1 July 2023.

Industry UpdatesJune 2, 2023

IFM Investors and ISPT mull merger

Industry super fund-owned IFM Investors and ISPT are considering merging at the behest of their common shareholders, the fund managers said in a joint statement on Friday as asset owners look to cut management fees amid lower returns.

Industry UpdatesJune 2, 2023

ASIC issues first of its kind stop orders for Spaceship Super, Mitrade

The corporate regulator has issued first of its kind stop orders against a superannuation product and a CFD product for deficiencies in their Target Market Determinations.

Industry UpdatesJune 2, 2023

FirstChoice ranks first for overall satisfaction: report

CFS’ FirstChoice platform has ranked first for overall satisfaction in the ‘2023 Wealth Insights Service Level Report’.

Industry UpdatesJune 2, 2023

CareSuper and Spirit Super agree to merge

Industry super funds CareSuper and Spirit Super will merge in late 2024, creating a combined fund with more than 500,000 members and almost $50 billion in Funds Under Management.

Industry UpdatesJune 1, 2023

Adviser Ratings acquires ProductRex

Super and platform comparison tool ProductRex has been acquired by Adviser Ratings.

Industry UpdatesJune 1, 2023

Mutual Limited Income option added to FirstChoice

The Mutual Wholesale Income strategy has been added to the CFS FirstChoice Investment and Super & Pension platform menus, effective 22 May 2023.

Industry UpdatesJune 1, 2023

BT completes round of Panorama updates

BT has updated Panorama to improve the user experience for the most frequent users of the platform – advice practices’ support staff.

Industry UpdatesMay 31, 2023

Zurich partners with PFAN to extend professional insurance assistance

Zurich Financial Services has partnered with the Pro Bono Financial Advice Network to extend professional insurance assistance to those in particularly adverse or vulnerable situations.

Industry UpdatesMay 31, 2023

ASIC to extend date for separate adviser registration requirement

ASIC will extend the date for the separate adviser registration requirement again, this time to October 2023.

Industry UpdatesMay 30, 2023

AustralianSuper reduces insurance costs for the second year in a row

Over 97 per cent of AustralianSuper members who have insurance through their account will see an average decrease of 11.8 per cent in insurance costs from 27 May.

Industry UpdatesMay 30, 2023

MA Financial appoints global asset management veteran as MD

FSC to implement New Life Code of Practice next month

IFM Investors and ISPT mull merger

ASIC issues first of its kind stop orders for Spaceship Super, Mitrade

FirstChoice ranks first for overall satisfaction: report

CareSuper and Spirit Super agree to merge

Adviser Ratings acquires ProductRex

Mutual Limited Income option added to FirstChoice

BT completes round of Panorama updates

Zurich partners with PFAN to extend professional insurance assistance

ASIC to extend date for separate adviser registration requirement

AustralianSuper reduces insurance costs for the second year in a row

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