Industry Updates

Capital Group appoints new fixed income business development head

Capital Group has appointed Scott Steele as head of fixed income business development for Europe and Asia.

Kaplan Professional and BlackRock launch industry-first ETF short course

Kaplan Professional and BlackRock have launched an industry-first ETF short course.

FPA/AFA merger vote to be conducted next February

Voting on the merger between the Financial Planning Association and the Association of Financial Advisers has been confirmed for February 2023.

Westpac results offer no update on Panorama sale

The much-anticipated next destination for BT Panorama will continue to remain a mystery with Westpac’s full year results offering no update on the sale of the platform business.

Members of the life insurance industry back a new peak body

Members of the Australian life insurance industry have backed the new peak body, the Council of Australian Life Insurers (CALI).

ISPT, HESTA & UniSuper co-invest into $600m UNSW Health Translation Hub

Property fund manager ISPT, super funds HESTA and UniSuper, and infrastructure investor and developer Plenary have partnered with the University of New South Wales (UNSW) to develop a $600 million Health Translation Hub (HTH) at Randwick’s health innovation precinct.

Apostle Funds Management appoints new partner

Apostle Funds Management (AFM) has appointed Luke Donovan as partner, global carbon markets.

New adviser registration requirement delayed

The government has postponed for six months a requirement for financial advisers to register with ASIC. The new registration requirement is separate to the existing requirement for an AFS licensee to appoint a financial adviser that they authorise to ASIC’s Financial Adviser Register.

APRA places further licence conditions on Insignia super trustees

APRA has imposed additional licence conditions on several Insignia Financial superannuation trustees.

Perpetual knocks back surprise proposal amid on-going Pendal deal

Perpetual has knocked back a non-binding acquisition proposal offer from Regal Partners and BPEA EQT Fund.

Renato Manias bolsters team at Wattle Partners

Wattle Partners has appointed Renato Manias as a senior financial adviser.