Industry Updates

BlackRock reduces fees on two core iShares ETFs

BlackRock Australia has reduced the fees  for its iShares Core S&P / ASX200 ETF (IOZ) and Core Composite Bond ETF (IAF), to 0.05 per cent and 0.10 per cent respectively. IOZ tracks the ASX 200 index and previously had a fee of 0.09 per cent. IAF tracks the Bloomberg AusBond Composite index and previously had a fee

Zenith makes two new appointments to sales team

Research firm Zenith Investment Partners has promoted Glenn Boyes to the role of head of sales, representing the combined capabilities of Zenith and European-based data analytics provider FE fundinfo to advisers, fund managers and technology partners. Boyes was previously the head of sales for FE fundinfo’s technology and fund manager service offerings. Before this, he

AvSuper and ART investigating merger

AvSuper and Australian Retirement Trust (ART) have agreed to investigate merging by signing a Memorandum of Understanding (MoU).

Former Iress CEO named Mason Stevens chair

Former Iress CEO Andrew Walsh has been appointed to chair the board of directors of wealth platform provider Mason Stevens.

ASIC to expand enforcement focus areas this year

ASIC has warned businesses it will be targeting greenwashing, predatory lending, and misleading insurance pricing promises this year as part of a continuing focus on protecting consumers from financial harm. In a media release on Wednesday, the regulator said it will have a strong focus on enforcement activity targeting sustainable finance practices and disclosure of

Cboe announces planned retirement of CEO

Cboe Australia has announced the planned retirement of CEO Vic Jokovic, effective 31 March 2023, with Emma Quinn appointed successor. Quinn will assume the role on 27 March 2023. She joins Cboe Australia from AllianceBernstein, where she was Global Co-Head of Equity Trading. Previously, she served as head of Asia-Pacific trading, head of Asia-Pacific fixed

HESTA membership reaches one million

HESTA membership has reached the one million mark. The $70 billion industry super fund was established in 1987 (before the introduction of the national Superannuation Guarantee) to extend superannuation benefits to more women, with an initial focus on predominately female workforces in health and community services. HESTA CEO Debby Blakey said reaching one million members

Half of couples consider financial dishonesty a form of infidelity

The ‘Couples and Money Survey’ by US-based Orion Advisor Solutions revealed that half (50 per cent) of respondents – including 61 per cent of millennials – consider dishonesty about money a form of infidelity.

More orgs added to Iress connectivity network

MLC Life Insurance and Praemium have signed memorandums of understanding (MOU’s) in which they agree to collaborate with Iress on the design and creation of its connectivity network.

Zurich appointed group provider for Brighter Super

Brighter Super has appointed Zurich Financial Services to provide group insurance for its members, commencing from the start of the upcoming financial year.

FPA names winner of Gwen Fletcher Memorial Award

The FPA has named Jessica Dean as the recipient of the Gwen Fletcher Memorial Award for the summer semester of 2022.

Schroders Australia appoints multi-asset fund manager

Schroders Australia has promoted Adam Kibble to the role of multi-asset fund manager.

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