Industry Updates

Federal Court dismisses BUSSQ application to remove additional licensee conditions

The Federal Court of Australia has dismissed the judicial review application of industry fund BUSSQ. 

Insignia Financial appoints chief technology officer

Insignia Financial has promoted Damien O’Donnell to chief technology officer.

REST appoints chief of staff

REST has appointed Gideon Lipman to the newly created chief of staff role, reporting to CEO Vicki Doyle.

Iress sells superannuation business

Listed technology group Iress will sell its superannuation administration business to Apex Group, a company that offers a range of financial services and solutions.

CC Capital sweetens the deal for Insignia shareholders

Insignia Financial has received another sweetened offer from CC Capital, offering $4.6 cash per share to acquire the wealth giant.

MUFG Pension & Market appoints tech consultant to enhance products

MUFG Pension & Market Services has enlisted a tech consultant to help expand its retirement service arm that provides super fund administration.

HESTA, IFM Investors acquires stake in EV subscription company

HESTA and super fund-owned investment vehicle IFM Investors has acquired a stake in subscription vehicles company Splend Group.

Vanguard Super names two trustee directors

Vanguard Super has appointed Jan Swinhoe and Teifi Whatley as independent directors on its trustee board, effective from 1 January 2025.

Bain Capital matches CC Capital bid for Insignia

Bain Capital has made a revised offer to take over ASX-listed wealth giant, Insignia Financial, matching the offer from CC Capital last week.

Super funds post double digit CY return

Super funds REST and AMP Super have posted double-digit returns for their MySuper products, thanks to strong international equities performance. 

Insignia receives new takeover bid from CC Capital

ASX-listed wealth giant Insignia Financial has received a non-binding, indicative proposal from private equity firm CC Capital Partners.

Government establishes regulatory grid

The government has established the Regulatory Initiatives Grid, aiming to better streamline and coordinate regulation in the financial sector to help build a more competitive, dynamic and productive economy.

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