Industry Updates

FAAA names Gwen Fletcher Memorial Award winner

The Financial Advice Association has named Andrew Dickinson as the winner of the Gwen Fletcher Memorial Award for semester two of 2023. 

Schroders appoints equities analyst

Schroders Australia has appointed Elise Kennedy as equities analyst, with responsibilities encompassing technology, healthcare providers/logistics, small cap general retail, and office property trusts.

Rising volatility calls for swift adviser action

Financial advisers must be increasingly nimble, agile, and flexible in the current volatile economic and geopolitical environment, according to Asia Group partner and chair Arthur Sinodinos. 

Close to half of CFA Level III candidates pass the exam

CFA Institute has announced that of 16,035 candidates worldwide who sat for the Level III Program exam in August 2023, 47 per cent passed. 

WT Financial Group appoints NED

ASX-listed advice group WT Financial Group has appointed Chelsea Pottenger as a non-executive director, replacing Michael Harrison, who is retiring from WTL to focus on external commercial interests. 

TelstraSuper introduces new retirement income offering

TelstraSuper has launched a new retirement income product, RetireAccess Lifetime Pension, designed to give retirees more confidence to spend money without fear of their savings running out or being eroded. 

Magellan CEO David George steps down

Magellan Financial Group CEO and managing director David George has departed the business. The group has appointed a new executive chairman, Andrew Formica, while it searches for a replacement.

Minchin Moore appoints former Morningstar managing director to its team

Independent private wealth firm Minchin Moore has appointed former Morningstar Australia and New Zealand managing director Jamie Wickham to its team. 

Betashares launches new investing platform

ETF manager Betashares has launched Betashares Direct, a platform with zero brokerage fees for self-directed retail investors looking to invest in any ETF on the ASX. 

Fidelity launches global long-short fund in Australia

Fidelity International has launched the Fidelity Global Long Short Fund in Australia. 

Federal Court finds Diversa did not breach law

The Federal Court has found that Diversa Trustees did not fail to act efficiently, honestly, and fairly or fail to take reasonable steps to ensure its representatives complied with financial services laws. ASIC had alleged that Diversa broke the law by allowing Australian Super Finder, the Australian Dealer Group, and financial adviser Nizi Bhandari to

Industry veteran Melinda Howes to steer AMP’s super strategy

Experienced super industry leader Melinda Howes has joined AMP as its group executive for superannuation and investments.

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