Industry Updates

Ignition Advice appoints non-executive director

Digital advice provider Ignition Advice has appointed Ken Lambden to its board as a non-executive director.

TAL adds 20 courses into Risk Academy program

Risk specialist TAL has introduced 20 new courses into its 2023 Risk Academy program, as well as series focused on tech and ethics.

Funds SA CEO to step down after 8 years

Funds SA CEO Jo Townsend will step down later this year, remaining in the role while the board undertakes a selection process for her successor. “Given all the achievements to date and the strong team that is in place, I feel that the timing is right for both myself and Funds SA,” she said. “I

APRA announces executive appointments and structure changes

APRA has announced changes to its structure, including new appointments to complement the existing member and executive director group.

Maple-Brown Abbott partners with Hyde Park Investment

Boutique investment manager Maple-Brown Abbott has partnered with Hyde Park Investment to distribute its UCITS funds in the UK and several other European countries.

Super on PPL drastically improves retirement balances: HESTA modelling

Modelling from industry fund HESTA has revealed that paying super on the Commonwealth Parental Leave Pay scheme and better targeting tax concessions could significantly improve the retirement balances of critical health and community services professionals.

Ord Minnett appoints head of institutional research

Wealth management group Ord Minnett has appointed Alastair Hunter as head of institutional research. Hunter has over 32 years of experience in equity research and financial markets. He was rated number one bank analyst while working as head of research at Goldman Sachs/JBWere.

AMP acquires Nano home loan book

AMP Bank has acquired Nano’s residential mortgage portfolio, adding approximately $400 million in loans to its residential mortgage book.

Insignia grows automation footprint by using bots

Since Insignia Financial implemented digital worker ‘Optimus’ in 2019, its digital workforce has steadily increased. It now automates over 60 processes, reducing costs and improving business efficiencies.

Summerhayes appointed Zurich chair

Former FSC director and APRA executive board member Geoff Summerhayes has been appointed as chair of the board of Zurich Financial Services. Summerhayes commenced from the start of the year. His other key industry experience includes being Suncorp Life chief executive, NAB regional general manager, and MLC Superannuation and Investments CEO. At APRA, Summerhayes was

ACCC conducting sweep of social media influencers

The ACCC has commenced a sweep to identify misleading testimonials and endorsements by social media influencers, based on consumer tip-offs.

AFA, FPA push for member engagement ahead of consult deadline

The member consultation period on a proposed merger between the Financial Planning Association and Association of Financial Advisers is due to close on 31 January, with members encouraged to provide their feedback before then.

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