Industry Updates

Australians switch financial habits due to rising cost of living: Findex

The majority of Australians (81 per cent) had to change their investment and saving goals in the last 12 months with the primary reason (44 per cent) being the rising cost of living, according to a Findex research.  

Australians boost super to fend off economic uncertainties: Research

Australians want to contribute more to their retirement savings during times of economic uncertainties, research by Equip Super found.  

Future Fund adds $17.2 billion in financial year to date

Australian sovereign wealth fund Future Fund has returned 8.3 per cent in the financial year to date, adding $17.2 billion during the period and taking the overall assets under management to a record $223.4 billion.  

Average retirement age in Australia increases by 4 years

Australia’s retirement age has increased four years between 2000 and 2020, which was the 12th biggest increase in all OECD countries, according to study from Age Calculator. 

Super funds deliver fifth straight month of gains: Chant West

The median growth super fund has returned 8.8 per cent in the 2024 financial year so far with one more quarter ahead, according to research house Chant West.  

Aware Real Estate begins two Melbourne housing developments

Aware Real Estate has launched large-scale housing development at Queens Road, in Melbourne’s inner south, and Preston in the city’s north, with the aim to add more than 700 homes to the city’s housing market.  

JANA appoints director of client development

Asset consultant JANA has appointed Habib Chebli as director of client development, based in Melbourne.  

ASFA appoints AustralianSuper executive to board

The Association of Superannuation Funds of Australia has appointed AustralianSuper’s Paula Benson, chief officer of strategy and corporate affairs as a board director.  

UniSuper commits $623m in renewables fund

UniSuper has poured US$400 million ($623 million) into an energy transition and climate opportunities fund, aiming to support the global net zero transition.  

UniSuper names MetLife as new insurer

The $130 billion UniSuper has selected MetLife as its new insurer, ending a decade-long relationship with TAL.  

Iress completes sale of OneVue platform business

Iress has completed the sale of the OneVue platform business to ASX-listed Praemium.  

ASIC appoints Yanco interim CEO as Day departs

ASIC has appointed Greg Yanco as interim CEO, replacing Warren Day who will join the Commonwealth Director of Public Prosecutions (CDPP) on secondment as its executive officer. 

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