Industry Updates

Pengana appoints Mercer to advise of private credit arm

Pengana Capital Group has appointed Mercer as an investment adviser on the portfolio construction of Pengana Credit, its recently launched private credit arm. 

GBST picks up Advice Intelligence

Global fintech GBST has nabbed Advice Intelligence after major investor Regal Funds Management withdrew its holding in the company.

Slipstream appoints former financial planning head as business coach

Financial planning business coaching service Slipstream Group has appointed Nina Forbes as a business coach.

VBP appoints technical lead of accounting

Virtual Business Partners has appointed Daniel Harrison as technical lead of accounting.

ASIC takes legal action against Vanguard for greenwashing

ASIC has taken legal action against Vanguard Investments, accusing the investment manager of allegedly misleading conduct relating to ESG claims of one of its fixed income products.

Insignia sells investment bond business to Aus Unity

Insignia Financial will sell its friendly society investment bond business, IOOF Ltd, to Australian Unity with the proceeds being utilised to further reduce net debt.

Aware Super migrates a million members to Bravura platform

Industry super fund Aware Super has moved over one million members onto a single technology platform, Bravura Sonata Alta, which included the phasing out of paper-based legacy systems.

Mercer appoints CEO of wealth portfolio

Financial services company Mercer has appointed Cathy Hales to the newly-created role of wealth Pacific CEO, responsible for the $63 billion Mercer Super Trust and super administration services arm.

MLC improves Vivo program

MLC Life Insurance is improving its Vivo program by building digital capabilities and expanding its provider network.

ASIC lifts DDO stop orders on Clearview

ASIC has lifted its interim Design and Distribution Obligation stop orders on two Clearview Income Protection Covers, which it introduced last week.

EQT adds Future Super; announces board changes

The superannuation trustee arm of Equity Trustees has started the financial year picking up the Future Super Fund as a client, as well as announcing two board appointments.

Nuveen appoints head of consultant relations

Global asset manager Nuveen has appointed Jaxon Rudduck as head of APAC ex-Japan consultant relations. 

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