Industry Updates

Zenith nabs CFS talent as group head of product

Zenith Investment Partners has appointed Matt Warren to the newly created role of group head of product, reporting to managing director Jason Huddy. 

APRA retires two prudential practice guides for insurers

APRA has retired two prudential practice guides for general and life insurers as it looks to consolidate the regulatory framework.  

Former UniSuper CEO Kevin O’Sullivan joins the CSLR board

Former UniSuper CEO Kevin O’Sullivan has joined the Compensation Scheme of Last Resort transitional board as a non-executive director, ahead of the scheme’s scheduled commencement in April. 

Charity development fund appoints JANA as asset consultant

Religious charitable development fund Uniting Financial Services (UFS) has appointed asset consultancy JANA to advise its investments.

Sequoia appoints WA/SA state manager

Sequoia Financial Group has appointed Bernie Fernandes as the state manager of Western and South Australia.

FAAA backs changes to financial adviser exam

The Financial Advice Association Australia (FAAA) has backed the government’s proposed changes to the financial adviser exam, including making the exam completely multiple choice, removing restrictions on who can sit the exam, and allowing students to sit the exam at a stage that is suitable for them.

Centrepoint chair resigns after four months in the role

Chair of ASX-listed financial advice licensee Centrepoint Alliance, Simon Swanson, has resigned effective immediately, after taking over the role in August last year. 

Endeavour Securities directors fined $390k by ASIC

Coporate watchdog ASIC has ordered four current and former directors of Endeavour Securities and Linchpin Capital Group to collectively pay $390,000 in penalties. 

UniSuper’s Robert Hogg joins asset manager as group CIO

SG Hiscock & Company has appointed UniSuper talent Robert Hogg as group chief investment officer, taking over from executive chair Stephen Hiscock. 

AFCA records over 100k annual complaints for the first time

The Australian Financial Complaints Authority has recorded 100,000 complaints in a calendar year for the first time, with the number of scam-related complaints almost doubling year on year.  

CSLR board estimates $241m for initial levy

The board for the Compensation Scheme of Last Resort has provided a $241 million estimate of the initial levy to fund claims from eligible consumers who suffered from financial misconduct.

FAAA hires marketing and comms head

The Financial Advice Association has appointed John Summerhays as head of marketing and communications. 

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