Industry Updates

PGIM appoints new managing director

PGIM Real Estate has hired James Footh as a managing director on the global data center investments portfolio management team.

ASIC places stop orders on four funds

ASIC has issued interim stop orders preventing Australian Fiduciaries Limited (AFL) and APS Savings from offering or distributing three funds to retail investors because of deficiencies in their target market determinations (TMDs).

North launches custom managed portfolio service

AMP’s wrap investment platform North has launched ‘Buy, Badge, Build’ for advisers to customise their own branded managed portfolios.

MLC appoints new board director

MLC Life Insurance has appointed Catherine Dubé as an independent non-executive director on its board. 

Household Capital acquires Pension Boost

Retirement funding provider Household Capital has acquired home equity access start-up, Pension Boost.

Janus Henderson appoints chief responsibility officer

Janus Henderson has appointed Michelle Dunstan as chief responsibility officer, commencing 9 January 2023.

ASIC places interim stop order on APS Savings

ASIC has placed an interim stop order on offers from APS Savings in response to deficiencies in the issuers’ target market determination (TMD).

CFS adds 17 funds to FirstChoice

CFS has added 17 new funds onto the platform which now offers the most strategies across its 20-year history.

Rest appoints former Deputy Premier as chair

Former Victorian Deputy Premier James Merlino has been appointed to the board of retail industry super fund Rest as independent chair and director.

Hostplus and Maritime Super sign SFT deed, formalising merger

Hospitality industry fund Hostplus and maritime industry fund Maritime Super have today signed a successor fund transfer (SFT) deed to formalise the progression of a merger between the two funds. The SFT deed will allow Maritime Super to transfer their members to Hostplus and bring Maritime Super’s investments, which are already managed by Hostplus, into

APRA releases results of Climate Vulnerability Assessment

APRA has published the aggregated findings of its first Climate Vulnerability Assessment (CVA) of Australia’s five largest banks. 

AMP CFO to depart

AMP chief financial officer James Georgeson will depart the company with Peter Fredricson to commence in the role from 9 January 2023.

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