Industry Updates

ART appoints Andrew Fisher to head investment strategy

Australian Retirement Trust has appointed Andrew Fisher as head of investment strategy, while head of strategy for QSuper portfolios Damien Lillicrap has left the fund to pursue other opportunities. This week, ART celebrated the first anniversary of the merger between QSuper and Sunsuper which created the fund in its current form. Additionally, a head of

Betashares launches practice development offering

ETF provider Betashares has launched a practice development content offering that aims to help advisers develop their businesses.

Cbus CEO Justin Arter to retire in May

After completion of two major mergers, the CEO of industry fund Cbus Super, Justin Arter, will retire in May. Chief investment officer Kristian Fok has been appointed interim CEO with the fund to conduct a search for a new CEO. Arter was appointed in July 2020 to lead Cbus and its merger-focused growth strategy. Since

Future2 Foundation to include AFA and SMSF Association members

The Financial Planning Association’s Future2 Foundation has expanded its scope to include members of the Association of Financial Advisers and the SMSF Association as participants in its charitable activities. 

Vanguard issued warning from NZ market authority

New Zealand’s Financial Markets Authority (FMA) has issued a formal warning to Vanguard Australia for failing to lodge a required notice on the NZ Companies Office Disclose Register regarding action taken against it by ASIC.

Cboe Australia launches first local offering

Cboe has launched the first phase of its first Australian offering, Cboe BIDS Australia.

Advisers increase usage of capital notes: AUSIEX data

Data from AUSIEX shows hybrid securities recorded the highest traded value in December 2022 since at least 2018, more than double that of the value in the previous December.

Antipodes appoints Magellan research head as portfolio manager

Investment manager Antipodes has appointed Magellan Asset Management head of research Vihari Ross as a portfolio manager. Ross joins the firm after 15 years as head of research at Magellan. She worked at Commonwealth Investment Management from 2000 to 2002 and at Ausbil Dexia between 2003 and 2007. Her appointment follows the recent expansion of

Broad consensus for Australia’s sustainable finance taxonomy

The Australian Sustainable Finance Institute’s final taxonomy recommendations report has found that there is broad consensus across the finance sector, industry, civil society, and real economy actors on the key design elements of an Australian sustainable finance taxonomy and its rapid development.  The report, released on Monday, highlights the importance of an Australian Taxonomy to

Apostle launches global carbon credit fund

Apostle Funds Management has launched its Global Carbon Credit Fund, which offers exposure to global carbon markets for sophisticated and institutional investors. The fund and will seek to outperform a global carbon benchmark by at least two per cent per annum net of fees over rolling five-year periods. The unregistered wholesale fund is actively managed with

NGS Super hacked

NGS Super’s systems were attacked on March 17, the super fund said in a statement on Monday.

ClearView improves IP caps

Clients on the top level of IP cover will now be paid 70 per cent of pre-disability income until their cover expires. It was previously capped at 60 per cent from age 60 and is now 70 per cent through to age 65.

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