Industry Updates

Govt consulting on policy to use super funds of child abusers for compensation claims

Treasury has released a consultation paper outlining two complementary proposals that would provide for the release of a child sex abuser’s superannuation for the purpose of satisfying unpaid compensation claims.

Netwealth sees 10pc FUA boost and enhanced offerings to end 2022

Netwealth has seen a 10 per cent boost in funds under administration despite negative market movements.

HUB24 net flows down after recording breaking quarter

HUB24 has received net inflows of $2.8 billion in Q2 FY23, down 23.6 per cent compared to record inflows achieved in Q2 FY22, according to the platform provider.

Apex awarded Capital Prudential Real Estate Master Trust mandate

Capital Prudential Manager has appointed global financial services provider Apex to support the Capital Prudential Real Estate Master Trust.

Hughes to depart ASIC and join Vanguard

ASIC commissioner Sean Hughes will end his term on 3 February 2023, after accepting a role with Vanguard as Australian head of office of general counsel.

DomaCom sees client boost, re-lists on ASX

Fractional investment platform for advisers, DomaCom, has reported customer accounts numbered 2,180 by the end of the December 2022 quarter, 49 per cent year on year (YoY).

Managed account product launches double

The number of managed account product launches in 2022 doubled compared to the rolling five-year average, according to data from APIR Systems.

Talaria appoints Elizabeth Ninness as COO

Talaria Asset Management has appointed Elizabeth Ninness as chief operating officer, replacing Rhys Cahill, who held the position since November 2020.

‘We see Australia being the lucky country again in 2023’: VanEck

According to the latest VanEck Australian Investor Survey, Australian equities are the preferred investment destinations in 2023, with 70 per cent of investors planning to start or increase their allocation. 

Pendal shares to be suspended following legal approval of acquisition

Pendal shares will be suspended from the ASX after the NSW Supreme Court approved the fund managers acquisition by Perpetual.

Bennelong appoints new global CEO

Bennelong Funds Management has appointed John Burke as its new global CEO.

ASIC exam cost rises to $1500

The cost of the ASIC adviser exam has risen to $1500, after only being $597 when it commenced in 2019 under FASEA, according to the ASIC website.

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