Industry Updates

Victims could wait until 2024 if CSLR bill not passed this month

With the return of Parliament this week for a fortnight of sittings, the Minister for Financial Services Stephen Jones has called for the passage of the Compensation Scheme of Last Resort.

Industry UpdatesMarch 20, 2023

First stage of AMP Capital sale complete

AMP has announced a $337 million deal will be completed at the end of the week which will see the real estate and domestic infrastructure equity business be sold to Dexus Funds Management.

Industry UpdatesMarch 20, 2023

Novigi to be out source provider for Mercer’s Wollongong tech services

Specialist data and technology services provider Novigi will be the outsourcer for Mercer’s Wollongong business.

Industry UpdatesMarch 20, 2023

Aware Super restructures investment team

Aware Super has restructured its investment team in line with its strategy to deliver strong risk-adjusted returns for its members and manage $250 billion FUM by 2026.

Industry UpdatesMarch 20, 2023

Practifi appoints co-founder as CEO

Performance optimisation platform Practifi has appointed Adrian Johnstone as CEO, succeeding his co-founder Glenn Elliott.

Industry UpdatesMarch 17, 2023

ASIC issues interim stop orders on three BT funds

ASIC has made interim stop orders preventing BT’s Advance Asset Management from offering or distributing three funds to retail investors because of non-compliant Target Market Determinations.

Industry UpdatesMarch 17, 2023

ASIC grants reissue relief for pre-DDO life products

ASIC has provided conditional relief for life insurers from the Design and Distribution Obligations when reissuing life insurance policies in “certain, limited circumstances”.

Industry UpdatesMarch 17, 2023

Agriculture sustainability assurance program launched in Australia

Leading Harvest, a non-profit organisation founded in the US, launches its industry-leading program in Australia to implement a world-first sustainability assurance program to help harmonise sustainability reporting across crops and regions.

Industry UpdatesMarch 16, 2023

Northleaf selects Equity Trustees for custody role

Private markets investment firm Northleaf Capital Partners has selected Equity Trustees as the trustee and custodian of its senior private credit fund, NSPC AUD Investor Trust.

Industry UpdatesMarch 16, 2023

Preliminary findings from updated SMSFs Under Advice 2022 research paper

AUSIEX has released some preliminary findings from an upcoming refresh of its 2022 research paper, SMSFs Under Advice, a comparative analysis of the profile, trading activity and holdings of advised SMSF clients.

Industry UpdatesMarch 15, 2023

New Quantum acquires Morrison Securities for $40.5 million

New Quantum Holding’s acquisition of the equities clearing business Morrison Securities is laying the foundation for its growing presence in the US, Middle East, and Asian markets.

Industry UpdatesMarch 15, 2023

Australian Ethical hires new CIO

Ethical investment manager Australian Ethical has made several additions to its leadership team.

Industry UpdatesMarch 14, 2023

Victims could wait until 2024 if CSLR bill not passed this month

First stage of AMP Capital sale complete

Novigi to be out source provider for Mercer’s Wollongong tech services

Aware Super restructures investment team

Practifi appoints co-founder as CEO

ASIC issues interim stop orders on three BT funds

ASIC grants reissue relief for pre-DDO life products

Agriculture sustainability assurance program launched in Australia

Northleaf selects Equity Trustees for custody role

Preliminary findings from updated SMSFs Under Advice 2022 research paper

New Quantum acquires Morrison Securities for $40.5 million

Australian Ethical hires new CIO

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