Industry Updates

TAL named AFLW insurance partner

TAL will become the official life insurance partner of AFLW, the highest level competition for women’s Australian rules football, for three years. 

Almost 10m Australians using Moneysmart

ASIC’s consumer-focused general financial advice website Moneysmart achieved almost 10 million users during the past financial year.

HESTA managing almost 10pc of its portfolio in-house

Industry super fund HESTA is now internally managing almost 10 per cent ($7 billion) of its portfolio in-house, eighteen months after it launched its internalisation strategy. 

Dixon Advisory director taken to court by ASIC

Dixon Advisory director Paul Ryan will face civil charges for alleged breaches of director duties after ASIC alleges he made decisions that were to the advantage of Dixon holding company E&P Operations – where he was also a director – rather than the insolvent firm’s creditors.

Govt opens consultation on MIS review

The Albanese government has released a consultation paper examining the regulatory framework for Managed Investment Schemes to ensure it remains fit‑for‑purpose and effectively protects investors from unnecessary financial risk.

Cbus Super appoints head of portfolio strategies

Industry super fund Cbus Super has appointed Leigh Gavin as head of portfolio strategies to help implement its five-year strategy to internalise over half its assets under management and improve global partnerships to gain access to more investments.

Viridian picks up mortgage broking group

Viridian Financial Group has acquired mortgage broker Smartmove Professional Mortgage Advisors.

Former FSC, Challenger retirement income policy manager joins Iress

Retirement income policy veteran Amara Haqqani has been appointed chief operating officer of adviser software Iress.

PPS Mutual expands membership criteria

Life insurance company PPS Mutual will expand its membership eligibility criteria to any current or former member of a professional designation body.

AustralianSuper makes several senior UK appointments

AustralianSuper has continued its international expansion with several senior UK hires across investments, governance, and corporate affairs.

Future2 Foundation expands 2023 grants program

The Financial Advice Association’s Future2 Foundation will expand its eligibility criteria this year, allowing financial services professionals to nominate programs for Australians of any age, rather than restricting support to individuals between the ages of 12 and 25.

Integro Private Wealth appoints GM

Private wealth firm Integro Private Wealth has appointed Claire Vinnicombe as general manager.

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