Industry Updates

MLC appoints non-executive director

MLC Life Insurance has appointed David Stephen to its board as an independent non-executive director.

FSC research backs purpose of super

The FSC has released consumer research that found strong support for legislating an objective for superannuation, providing that it focuses on delivering retirement income for all Australians.

Sustainability considerations a factor for 90pc of real assets investors

Ninety-three per cent of global institutional investors actively consider ESG and sustainability in their real assets investment decisions, according to new research from Aviva Investors.

Federated Hermes appoints lead for emerging markets stewardship team

The stewardship service provider for Federated Hermes, EOS, has appointed Ross Teverson to lead its engagement team for Asia and global emerging markets. 

Lumiant partners with DMW to improve client experience

Advice and client engagement platform Lumiant has partnered with DMW Strategic Consulting to support advisers to improve its client experience.

CountPlus subsidiary acquires accounting firm

CountPlus subsidiary Moggs Accounting + Advisory has acquired Timothy Trevor Gubbins, an accounting firm based in Shepparton for $1.27 million.

Govt launches consult on NALI expense rules

The government has opened a consultation on amending the expense rules for non-arm’s length income (NALI) provisions which apply to both ARPA-regulated superannuation funds and SMSFs.

APRA imposes licence conditions on Diversa

The prudential regulator has imposed additional licence conditions on Diversa Trustees over concerns it is failing to meet regulatory and compliance obligations.

AreaWealth appoints former Goldman Sachs MD as chair

Wealth management platform AreaWealth has appointed former Goldman Sachs managing director Andrew Rennie as chairman of its board.

HUB24 launches ESG ratings function

Adviser platform HUB24 has launched an additional ESG ratings functionality on its platform, providing advisers with access to data-driven insights and reporting metrics for selected managed funds and over 350 Australian-listed securities.

HSBC partners with AIST

HSBC Australia has partnered with the Australian Institute of Superannuation Trustees (AIST) to help collaborate and inform members of key industry trends and insights that can assist with international mandates.

Praemium H1 inflows drop 53%

Praemium has seen inflows cut in half during the first half of the new financial year with half-yearly net inflows dropping 53 per cent from $2.19 billion to $1.02 billion.

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