Industry Updates

Australians expect to retire with higher debt: AMP

Almost 90 per cent of Australians aged 50 and over believe they will still be paying off a mortgage when they retire, as AMP research finds that older Australians are preparing to head into retirement with higher debt.  

TAL launches SpotChecker program for the eighth consecutive year

Life insurer TAL has launched its SpotChecker program for the eighth consecutive year in 2023, encouraging more Australians to embrace skin safety.

Panorama launches two white label managed accounts from Evergreen

A pair of white labelled managed account suites managed by researcher Evergreen have been available on BT Panorama for two separate advice practices.

Returns bounce back for funds in November: SuperRatings

The median balanced option in super funds is expected to return 3.1 per cent in November, thanks to expectations of peak inflation, according to research house SuperRatings.  

MLC Life hires remediation GM

MLC Life Insurance has appointed Ian Fletcher as general manager of remediation programs. 

Dexus appoints CEO

Real estate asset manager Dexus has appointed Ross Du Vernet as CEO and executive director, effective from March 2024.

FSCP hands out first published banning order

The Financial Services and Credit Panel has published its first banning order against an adviser, on the grounds they are insolvent under administration. 

NGS Super hit with additional licence conditions from APRA

APRA has imposed additional licence conditions on NGS Super over its lack of cyber controls.  

CSLR board appoints inaugural CEO

The Compensation Scheme of Last Resort transitional board has appointed David Berry as inaugural CEO and Delia Rickard as a non-executive director, ahead of the scheme’s scheduled commencement in April 2024.

Super performance test shakeup on the card for government

The federal government has opened up to the idea of fine tuning the superannuation performance test, to account for member outcomes without holding back investment in economic priorities such as the net zero transformation and housing, following the third Treasurer’s Investor Roundtable in Canberra.

AFCA makes independent board appointment

The Australian Financial Complaints Authority has appointed Heron Loban to its independent board, effective from 1 January 2024.  

Bravura promotes two to regional CEOs in global restructure

ASX-listed financial services software company Bravura Solutions has promoted Paul Dunn and Chris Spencer to CEOs of APAC and EMEA respectively.  

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