Industry Updates

NESS Super partners with Otivo for digital advice service

Electro-technology profit-to-member fund NESS Super has partnered with digital advice provider Otivo.

Growth super fund on track to finish CY24 with 11 pc gain: Chant West

The median growth option in super funds are on track to finish the 2024 calendar year with an 11 per cent gain, according to the latest estimate from research house Chant West.

REST appoints people and culture leaders

Super fund REST has appointed two general managers to lead its workplace culture and employee experience development.

Insignia rejects $2.7b Bain Capital bid

ASX-listed Insignia Financial has rejected the non-binding $2.7 billion offer from Bain Capital, saying the bid “does not adequately represent fair value” for shareholders.

NZ Super appoints former Future Fund CIO to board

Former Future Fund chief investment officer Sue Brake has been appointed to the NZ Super board.

AIA Australia and CFS renew group insurance partnership

Life insurer AIA Australia has announced that it has renewed its partnership with Colonial First State to continue as its group insurer. 

Morningstar hires new principal of super research

Morningstar has hired William Anglingdarma as principal to lead the research house’s superannuation coverage.

MLC Life to merge with Resolution Life under new brand

MLC Life and Resolution Life Australasia will come together under a new brand, Acenda, following the acquisition of the latter by Japanese insurer Nippon Life.

ART appoints chief risk officer

Australian Retirement Trust has appointed Darryl Burke as its chief risk officer, effective from 17 March 2025.

Former NAB trustees settle class action for $64 million

Former NAB trustees (NULIS Nominees and MLC Nominees) have reached an agreement with the plaintiffs of the MySuper class action commenced by Maurice Blackburn to settle for a total of $64.25 million.

Funds SA nabs Hostplus deputy CIO

Funds SA, the investment corporation owned by the Government of South Australia, has appointed current Hostplus executive Con Michalakis as its new chief investment officer.

Frontier hires in capital market and asset allocation team

Frontier Advisors has hired Alexandra Veroude as a senior consultant in its capital markets and asset allocation team.  has hired Alexandra Veroude as a senior consultant in its capital markets and asset allocation team. 

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