Australian Unity appoints GM of its trustee business
Australian Unity has appointed Kirstin Follows as executive general manager of trustees, who has been acting in the role since July this year.
Link Group receives $1.2b takeover bid
Super fund administration service provider Link Group has received a $1.2 billion takeover bid from a subsidiary of Japanese giant, Mitsubishi UFJ Financial Group.
Zurich extends partnership with mental health charity Mr Perfect
Zurich Financial Services Australia has renewed its 12-month support for Australian mental health charity Mr Perfect.
QAR heralds brave new world of super ‘nudges’
After decades of being restricted on what financial advice they can give, the country’s super funds are on the verge of a new regime that harnesses behavioural economics and allows them to more easily “nudge” members towards key decisions, after the government finally announced its full response to the Quality of Advice Review.
Size matters: CIOs debate staffing in age of mega-mergers
In an era of an often-brutal focus on costs and efficiency, institutional asset owners can’t afford to be overstaffed or unproductive. But working out the optimum size and structure of an investment team isn’t simple, and it’s made even more complicated when a merger comes along.
ART CIO Ian Patrick joins FEAL board
The Fund Executives Association (FEAL) has appointed Australian Retirement Trust’s CIO Ian Patrick to its board of directors, replacing Hostplus’ recently departed group executive of member experience, Paul Watson.
Count picks up Insignia-licensed practice
Sydney-based advisory business Critique Private Clients has joined the Count network, switching from Insignia-owned Consultum Financial Advisers.
OpenInvest receives long-term funding
Melbourne-based investment platform OpenInvest has secured long-term financial support from the Tayside Group, the family office of the Smith family.
Two-thirds pass November adviser exam
Some 66 per cent of candidates have passed the 23rd adviser exam, which was held in November, according to an update from ASIC.
AustralianSuper brings death claims management in-house
AustralianSuper has changed its membership service model to internalise the death claims and complaints processes, while announcing that it’s signed a memorandum of understanding to negotiate an extension for Link Group to provide core administration services until at least 2028.
‘Cognitive dissonance’ behind member experience flaws: CoreData
Consumer trust in the superannuation sector fell in the past decade, and according to researcher Andrew Inwood of CoreData, the public’s loss of faith could lead to bigger picture consequences. Chief marketers for mega-funds Aware Super and UniSuper say collaboration between teams on member communications could make a difference.
AMP updates self-licensed adviser service offering
AMP has updated its offering for self-licensed financial advisers, Jigsaw Advice Solutions, with the aim of helping improve service efficiency.
