Industry Updates

Hostplus launches digital education tools

Industry super fund Hostplus has launched a digital education tool, SuperSmart, in collaboration with super fund licensee and advice services providers, Industry Fund Services, and Iress.  

ASIC wins 95pc of prosecutions in first half of 2024

ASIC has had a success rate of 95 per cent in its civil and criminal prosecutions conducted in the first half of 2024 calendar year, securing $32.2 million in civil penalties and nine criminal convictions.  

REST appoints strategy and data leaders

Super fund REST has appointed Kareene Koh as general manager of strategy and Florence La Carbona as general manager of data and insights.

Zurich Australia appoints chief risk officer

Zurich has appointed David Wainwright as its chief risk officer for Australia and New Zealand.

Former ASIC Commissioner to chair Insignia trustee board

Insignia Financial has appointed former ASIC Commissioner Danielle Press as chair and non-executive director of the Insignia Financial trustees.

Betashares completes acquisition of Bendigo Super

Betashares has completed the acquisition of the $1.4 billion Bendigo Superannuation, officially marking its entry to the retirement industry.  

ASIC calls on super funds to better engage with millennials

ASIC’s Moneysmart has urged super funds to better engage with millennial members and improve services, transparency and access to information, following a roundtable with financial advisers, research and content creators.

NGS Super appoints chair, director

NGS Super has appointed John Battams as its independent chair, starting in the new year and replacing Geoff Newcombe who is stepping down on 31 December 2024.  

BUSSQ seeks judicial review of APRA action over CFMEU

Queensland-based super fund BUSSQ has sought a judicial review in the federal court regarding APRA’s recent decision to impose additional licence conditions on the fund.  

Industry welcomes paid parental leave super contribution bill

Major super funds and industry peak bodies have welcomed the introduction of the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 into Parliament. 

SMSF Association appoints policy manager

The SMSF Association has appointed Keddie Waller as policy manager to bolster its advocacy and policy work for government reforms impacting the SMSF sector. 

REST changes investment menu

Industry fund REST has reduced the number of options from 15 to 9 on its investment menu. 

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