Vision Super and Active Super to merge
Vision Super and Active Super will merge to create a $27 billion fund with 170,000 member accounts, and a broader geographic presence across NSW and Victoria. Vision Super CEO Stephen Rowe has been appointed CEO of the merged fund. Active Super CEO Phil Stockwell will depart, and deputy CEO Donna Heffernan will serve as acting
June 07, 2023
New Quantum completes stage one of Morrison Securities acquisition
Technology company New Quantum Holding has completed stage one of its 80 per cent acquisition of Morrison Securities from ASX-listed licensee Sequoia Financial Group. The remaining 29.9 per cent of the $40.5 million deal will be completed on or before 31 August 2023. The deal continues to be funded by Beaconsfield Capital, a London-and-Boston-based technology
June 07, 2023
NGS Super appoints CEO
NGS Super has appointed acting CEO Natalie Previtera to the role permanently after a national recruitment process. She was previously the fund’s chief risk and governance officer before taking on the acting CEO role nine months ago. Previtera is also a solicitor and a fellow of the Governance Institute of Australia.
June 06, 2023
MA Financial appoints global asset management veteran as MD
Diversified financial services firm MA Financial Group has appointed global asset management veteran Anthony Habis as managing director, as well as the head of real estate partnerships in its asset management division. Habis will join MA Financial in mid-June from Bank of New York Mellon, where he was managing director and global head of client
June 05, 2023
IFM Investors and ISPT mull merger
Industry super fund-owned IFM Investors and ISPT are considering merging at the behest of their common shareholders, the fund managers said in a joint statement on Friday as asset owners look to cut management fees amid lower returns.
June 02, 2023
ASIC issues first of its kind stop orders for Spaceship Super, Mitrade
The corporate regulator has issued first of its kind stop orders against a superannuation product and a CFD product for deficiencies in their Target Market Determinations. Spaceship Capital The corporate regulator has issued stop orders on three managed funds and one superannuation product promoted by Spaceship Capital. In a media release on Friday morning, ASIC
June 02, 2023
CareSuper and Spirit Super agree to merge
Industry super funds CareSuper and Spirit Super will merge in late 2024, creating a combined fund with more than 500,000 members and almost $50 billion in Funds Under Management.
June 01, 2023
Mutual Limited Income option added to FirstChoice
The Mutual Wholesale Income strategy has been added to the CFS FirstChoice Investment and Super & Pension platform menus, effective 22 May 2023.
June 01, 2023
BT completes round of Panorama updates
BT has updated Panorama to improve the user experience for the most frequent users of the platform – advice practices’ support staff. Based on feedback from advice teams after a pilot last year, BT launched its Service Request Tracker, a feature which can result in significant time savings for advisers and support staff. In a
May 31, 2023
Zurich partners with PFAN to extend professional insurance assistance
Zurich Financial Services has partnered with the Pro Bono Financial Advice Network to extend professional insurance assistance to those in particularly adverse or vulnerable situations.
May 31, 2023
ASIC to extend date for separate adviser registration requirement
ASIC will extend the date for the separate adviser registration requirement again, this time to October 2023. In a media release on Tuesday, the regulator announced the deferral of the Hayne royal commission recommendation, which is separate to the existing requirement for an AFSL to appoint any financial adviser that they authorise to the Financial
May 30, 2023
