Industry Updates

CEO of UK fund Railpen to step down

UK pension fund Railpen’s chief executive John Chilman will retire in 2025, after six years in the role.

AMP Super appoints TAL as default insurance provider

AMP has appointed TAL as its default and retail insurance provider for AMP superannuation fund members, including its SignatureSuper offer.

TAL appoints chief claims officer

TAL has appointed Georgina Croft as its chief claims officer and to the executive team, replacing Jenny Oliver who was named TAL chief executive, group life and retirement in October 2023.  

Balanced funds return 9.6 pc in CY23: SuperRatings data

The median balanced super fund option has returned 9.6 per cent in the 2023 calendar year, boosted by a share rally in the final quarter, according to SuperRatings’ latest data.

MSC acquires Certane Corporate Trust

Corporate trustee and fund administration platform MSC Group has acquired Certane Corporate Trust, formerly trading as AET Corporate Trust and part of Australian Executor Trustees. 

ASIC grants registration deadline extension

ASIC will extend the deadline for its new adviser registration requirement, a day after the Financial Advice Association noted almost 6000 have been yet to complete it.

Choice CEO successor following Kirkland departure

Consumer advocacy group Choice has appointed Ashley de Silva as its CEO, the successor to Alan Kirkland who left the role last November. 

Financial Advice NZ appoints former AFA general manager as CEO

Financial Advice New Zealand has appointed former AFA general manager and NZ national Nick Hakes as CEO.

Growth funds return 9.9 pc in CY23: Chant West

The median growth super fund (defined as 61 to 80 per cent in growth assets) has returned 9.9 per cent in calendar year 2023, according to researcher Chant West. 

Almost 6k advisers still need to complete new ASIC registration obligation: FAAA

Nearly 6000 financial advisers are yet to be registered under a separate obligation with ASIC, putting them at risk of no longer being able to provide advice, the Financial Advice Association has warned.

NGS Super selects Grow Inc as administrator

The $14 billion NGS Super has appointed startup Grow Inc as its new administrator, switching from Mercer following a review. 

AIA Australia donates $60k to local sports organisations

AIA Australia has donated a total of $60,000 to three grassroots tennis clubs and three local surf schools in New South Wales and Victoria to support their sports programs.  

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