Industry Updates

JPMAM launches two new sustainable ETFs

J.P. Morgan Asset Management (JPMAM) has launched two new active sustainable ETFs on the ASX.

Pendal names 3 appointees to Perpetual board

As part of the proposed acquisition of Pendal Group, Perpetual has announced the three Pendal directors that will join the board in an announcement to the ASX on Monday morning.

MPG stop order revoked

Stop orders issued by ASIC for two MPG Funds Management products have been revoked.

ART launches new digital service

Australian Retirement Trust has launched a digital tool to streamline the superannuation onboarding process.

CBA boosts remediation coverage for CountPlus

The Commonwealth Bank of Australia (CBA) has almost doubled remediation coverage to CountPlus for past misconduct when it owned Count Financial.

November adviser exam sees 57pc pass rate

Over half of candidates passed the November adviser exam, according to results released by ASIC.

PGIM appoints new head of distribution

PGIM Investments has appointed Matt Shafer as head of international distribution.

Ausbil CEO to retire

Ausbil CEO Ross Youngman will retire in the third quarter of 2023 after five years in the role.

Former Spirit Super chair appointed to TAL board

Naomi Edwards has been appointed to the board of life insurer TAL as an independent non-executive director.

CFS nabs Mather from BT

BT head of distribution Chris Mather has moved to CFS and will commence in the newly established role of executive director for new business.

Over 90pc of advisers plan to increase fees next year: Adviser Ratings

A poll released by Adviser Ratings found 93 per cent of planners intend to increase their fees next year, while funds under advice steadily rises.

ALRC should prioritise advice regulations: FPA

In its latest submission to the Australian Law Reform Commission’s (ALRC) Review of the Legislative Framework for Corporations and Financial Services Regulation, the Financial Planning Association has suggested financial advice regulations are prioritised for transitioning to the ALRC’s proposed structure of the legal requirements based on thematic rulebooks.

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