Industry Updates

Govt opens consultation on super performance test

Treasury has released a consultation paper on the superannuation performance test, addressing concerns from funds that the benchmarks are restricting their investment choices.  

REST names Scott Tully as product head

REST has appointed Scott Tully as general manager of product in a bid to enhance the fund’s member offers.  

Australian women vulnerable to TPD impact: MLC study

Nearly half of Australian workers have three months’ or less savings in the event of a disability which prevents them from working, and almost a third of women only having one month of savings, MLC Life Insurance research finds.  

AustralianSuper commits $35b UK investment by 2030

AustralianSuper is set to increase its investment portfolio in the UK to more than £18 billion ($35 billion) by the end of the decade. 

UniSuper, ISPT acquire Western Sydney logistics site

UniSuper has invested in a 280-hectare greenfield logistics development site near the new Western Sydney International Airport (WSA). 

Over half of Australians support objective of super wording

Over half of Australians have agreed with the proposed objective of superannuation by the government, according to a survey commissioned by the Financial Services Council.  

UniSuper appoints Morningstar research director to newly created role

UniSuper has nabbed Morningstar’s Annika Bradley as its senior manager, investment specialist (policy and advice). 

ASIC obtains bankruptcy orders against ‘ASX Wolf’ finfluencer

ASIC has successfully sought orders in the federal court against social media finfluencer Tyson Scholz, known as the “ASX Wolf”, effectively making him bankrupt.

Melbourne Securities fined by ASIC over greenwashing

Melbourne Securities has paid $13,320 to comply with an infringement notice issued by ASIC in which the corporate regulator claimed it made greenwashing statements. 

UN Principles for Responsible Investment adds two executives

The UN Principles for Responsible Investment has made two appointments to its executive team. 

Lanteri Partners launches white-label solution with OpenInvest

Melbourne wealth manager Lanteri Partners has launched Medici Invest, an online solution providing investment strategies to a wider audience of emerging affluent Australians. 

Asena Family Office opens shop in Australia

US-based Asena Family Office has launched an Australian-based arm of its business, with Melbourne boutique wealth management firm Giles Wade joining the group. 

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