Industry Updates

DASH hires 10 staff following capital raise

Financial advice platform DASH Technology Group has hired 10 staff across several teams after the fintech company completed a capital raise in March.

Brighter Super & SPSL to complete $29b merger

Brighter Super will merge with SPSL Master Trust (SPSL) on 31 May 2023 to create a $29 billion super fund with over a quarter of a million members, the first between a not-for-profit and retail super fund.

AXA IM reports doubling of corporate engagement in 2022

In 2022, investment management firm AXA IM conducted 596 engagements with 480 entities, mainly in Europe and North America. It also held 30 per cent more discussions at executive and board levels last year than in 2021. Climate change remained the main engagement theme at 28 per cent, according to AXA IM’s 2022 ‘Stewardship Report’.

FNZ partners with Virgin Money on UK digital investment platform

Wealth management platform developer FNZ has partnered with UK full-service digital bank Virgin Money to launch a digital investment platform for retail investors in the UK. FNZ is currently working with CFS to develop its new Edge platform, as well has the migration of UBS Australia onto post-trade processing engine SynOps in December 2022. In

AFCA re-appoints CEO Locke, hits $1b in compensation

As the complaints authority hits the $1 billion threshold for consumer compensation, Tthe AFCA board of directors has re-appointed David Locke as chief ombudsman and CEO for a second five-year term. Locke is a lawyer who has worked in the private, government, and not-for-profit sectors. He was appointed AFCA’s inaugural CEO and chief ombudsman in

Overwhelming support for compulsory super: ASFA survey

Super fund members have shown “overwhelming” support for Australia’s compulsory super system, according to findings from a survey conducted by the Association of Superannuation Funds of Australia.

FPSB appoints chair

The Financial Planning Standards Board (FPSB) has appointed Ana Cláudia Akie Utumi as chair for a two-year term.

MLC appoints experienced industry veteran as head of business development

MLC Life Insurance has appointed experienced industry veteran Peter Smith as head of business development.

Binance Australia Derivatives AFSL cancelled

ASIC has cancelled the AFSL of Oztures Trading in response to a request from Binance Australia Derivatives on Wednesday, 5 April 2023. 

Vanguard cuts fee of VAF to 0.10pc

Vanguard has reduced the fee of the Vanguard Australian Fixed Interest Index ETF (VAF) to 0.10 per cent, effective today.

Mercer appoints two BT Super executives to Pacific leadership team

Mercer has appointed former BT Super executives Andrew Wallace and Corrin Collocott to its Pacific leadership team, following the completed merger of BT Super into the Mercer Super Trust.

Hostplus reduces fees on member choice investment option

Hostplus reduced its fees for Choiceplus, lowering platform administration, brokerage and transaction account fees.

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