Industry Updates

Nuveen wins industry fund mandate for US Cities Workplace strategy

Asset manager Nuveen has invested US$190 million ($286 million) from industry funds Cbus Super, Hostplus, and TWUSUPER in its US Cities Workplace strategy.

Industry UpdatesMay 22, 2023

FSC appoints CFS chief to board

The Financial Services Council (FSC) has appointed CFS chief executive Kelly Power to its board.

Industry UpdatesMay 22, 2023

AMP pays $24m fine for charging deceased customers

The Federal Court has ordered AMP Financial Planning and AMP Life pay a monetary penalty of $24 million after proceedings brought against it by ASIC.

Industry UpdatesMay 19, 2023

MLC Life penalised $10m for misleading customers

The Federal Court has ordered MLC Life Insurance pay a $10 million penalty for failing to pay promised benefits, resulting from a lack of appropriate systems to administer its insurance policies.

Industry UpdatesMay 19, 2023

Saxo amends TMDs following ASIC stop orders

ASIC made eight interim stop orders on 16 May 2023, preventing Saxo Capital Markets (Australia) from issuing some new Contracts for Difference to retail clients because of deficiencies in their Target Market Determinations.

Industry UpdatesMay 18, 2023

Qantas Super CEO/ASFA director appointed as inaugural AGC chair

Qantas Super CEO and Association of Superannuation Funds Australia director Michael Clancy has been appointed as the inaugural chair of the Australian Governance Council.

Industry UpdatesMay 18, 2023

MyNorth wins Chant West innovation award

AMP North retirement solution MyNorth Lifetime has won fund innovation of the year at the Chant West 2023 Super Fund Awards.

Industry UpdatesMay 18, 2023

Vanguard re-shuffles exec team amid Aus retail business change

Vanguard Australia has made several appointments to its executive team, combined its two retail direct businesses (superannuation and non-superannuation), and expanded its product division.

Industry UpdatesMay 18, 2023

Insignia Financial appoints super & risk executives

Insignia Financial has appointed Anvij Saxena as chief risk officer, while Mark Oliver has been appointed head of super.

Industry UpdatesMay 18, 2023

Tyndall AM launches investment fund

Tyndall Asset Management has launched the Australian Small Companies Fund, which invests in a diversified portfolio of approximately 25-70 Australian small-cap companies that Tyndall AM believes are undervalued.

Industry UpdatesMay 17, 2023

ACSI releases voting system to promote gender balance on boards

The Australian Council of Superannuation Investors has released a new voting policy to promote gender balance in Australia’s listed company boardrooms.

Industry UpdatesMay 17, 2023

Govt announces anti-scams centre

The federal government has announced the establishment of a cutting‑edge National Anti‑Scams Centre (NASC) as part of an $86.5 million package.

Industry UpdatesMay 17, 2023

Nuveen wins industry fund mandate for US Cities Workplace strategy

FSC appoints CFS chief to board

AMP pays $24m fine for charging deceased customers

MLC Life penalised $10m for misleading customers

Saxo amends TMDs following ASIC stop orders

Qantas Super CEO/ASFA director appointed as inaugural AGC chair

MyNorth wins Chant West innovation award

Vanguard re-shuffles exec team amid Aus retail business change

Insignia Financial appoints super & risk executives

Tyndall AM launches investment fund

ACSI releases voting system to promote gender balance on boards

Govt announces anti-scams centre

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