Industry Updates

Pascoe Partners launches online investing solution

Accounting and advisory firm Pascoe Partners has launched online investing solution Pascoe Partners Invest in collaboration with investment platform OpenInvest.

David Knox receives OAM for service to the financial sector

Mercer senior partner David Knox has been made a Member of the Order of Australia for his service to the financial sector.

Zurich appoints chief claims officer

Zurich Financial Services has appointed Matt Paterson as chief claims officer in Australia and New Zealand.

Count appoints M&A expert to board

Count has appointed M&A expert Tim Martin to its board who has also been selected as the chair of the acquisitions committee.

Generation Life launches updated investment-linked retirement product

Generation Life has launched its next generation of investment-linked lifetime annuity offering LifeIncome which gives retirees more flexibility for example to include a loved one other than a spouse as a the reversionary beneficiary when LifeIncome is commenced with non-super money.

Rowell to depart APRA

APRA deputy chair Helen Rowell will step down from her role at the end of June. Rowell first joined APRA over 21 years ago, just a few years after APRA was established and her departure will coincidence with the regulators 25th operational year.

ART makes 3 executive changes

Superannuation fund Australian Retirement Trust has made three executive changes including within its advice and membership divisions. Head of advice, guidance, and education, Anne Fuchs, has been promoted to executive general manager of advice, guidance, and education. Fuchs has held the role of head of advice role at ART for the last eight years (including

Zenith & Chant West achieve B Corp certification

Global non-profit organisation B Lab has granted B Corporation certification to Zenith Investment Partners and Chant West. B Lab identified that the two businesses had met high standards of social and environmental performance, transparency, and accountability. Zenith and Chant West will continue working with the global business community to meet rising social and environmental performance

Former FSC head appointed as Ignition Advice chair

Digital advice firm Ignition Advice has appointed former Financial Services Council CEO Sally Loane as chair.  Loane is an experienced chair, non-executive director, and business leader. She replaces the firm’s inaugural chair Peter Meurer, who is stepping down after serving eight years. She will work with Meurer and the Ignition board during the transition period. Loane departed

FSC releases updated template for TMDs

The Financial Services Council has released an updated template Target Market Determination for fund managers. The refreshed TMD template intends to complement other FSC products that assist with Design and Distribution Obligation compliance and reduce industry costs, including DDO data standards, FSC guidance on implementing the DDO in investment portfolios, and an FSC standard questionnaire

Fourth Line acquires AI assets from TIQK

Advice regtech firm Fourth Line has purchased the core intellectual property (IP) of defunct software company TIQK, including artificial intelligence (AI) and natural language processing (NLP) technologies. The acquired assets include a full-stack technology platform that incorporates a suite of micro-application software specific to advice assurance, as well as custom NLP and AI code, AI

Yarra announces appoints investment manager

Yarra Capital Management has appointed Jessica Ren as investment manager of its fixed-income team. Ren will report to co-head of Australian fixed income Darren Langer to support the management of the firm’s fixed income and cash portfolios, with a focus on macro, rates, and sector allocation matters. Ren previously worked as a rates strategist at

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