Industry Updates

legalsuper appoints Andrew Lill as interim CIO

legalsuper has announced the appointment of highly regarded investment professional Andrew Lill to the role of interim chief investment officer.

BlackRock buys Hong Kong firm’s Panama Canal port stake

A Hong Kong-based conglomerate has sold its stake in a number of ports around the Panama Canal to a consortium of investors including BlackRock.

AMP licensees re-brand as Akumin

Entireti will rebrand the former AMP licensees it acquired last year to Akumin. Entireti acquired AMP’s financial advice businesses, including AMP Financial Planning, Hillross and Charter Financial Planning, which had been temporarily operating as NewCo. Akumin houses those offers including AMP Financial Planning, which will be rebranded to Akumin Financial Planning. Late last year, Entireti

APRA kicks off annuity capital requirements consultation

The Australian Prudential Regulation Authority (APRA) has confirmed it will proceed with a public consultation on capital settings for annuity products.

UniSuper appoints three new members to board of directors

UniSuper has appointed Alec Cameron, Hazel Bateman and Rebecca McGrath to its board of directors. 

Australian and Cook Islands governments sign MoU on super portability

The MoU was signed November 2024 and represents a commitment to set up a super portability scheme between the countries.

UniSuper launches digital advice platform with Ignition Advice

UniSuper has partnered with Ignition Advice to create a new digital advice platform which will be rolled out from June this year.

CSC locks in 43 per cent a year return on sale of data centre stake

CSC has sold 50% of its investment in CDC Data Centres (CDC) to is existing co-investors, including Future Fund, locking in a return of almost 43 per cent a year since inception.

ASFA announces new lineup and structure

The Association of Superannuation Funds of Australia has announced new key team members and changes to its organisational structure to deliver on its strategy, provide a better member experience, and expand its learning and events program.

MUFG picks up former Insignia CTO to lead retirement solutions

Former Insignia Financial chief operating and technology officer Frank Lombardo has been appointed as CEO of MUFG Retirement Solutions for Australia and New Zealand.

JANA makes four senior promotions to research teams

JANA Investment Advisers has promoted four senior members to various research teams.

UK pension scheme NEST takes 10pc stake in IFM parent company Industry Super Holdings

UK defined contribution pension scheme NEST will take a 10 per cent ownership stake in IFM Investors parent company Industry Super Holdings and commit to significant ongoing investment in the asset manager.

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