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.
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.
Sydney-based advisory business Critique Private Clients has joined the Count network, switching from Insignia-owned Consultum Financial Advisers.
Melbourne-based investment platform OpenInvest has secured long-term financial support from the Tayside Group, the family office of the Smith family.
Some 66 per cent of candidates have passed the 23rd adviser exam, which was held in November, according to an update from ASIC.
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.
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 has updated its offering for self-licensed financial advisers, Jigsaw Advice Solutions, with the aim of helping improve service efficiency.
The government has introduced draft legislation to modify the financial adviser exam by adding more multiple choice questions and opening up who can sit the exam.
Australian Retirement Trust has appointed Mercer executive David Anderson as chief executive, replacing Bernard Reilly who resigned earlier this year.
Insignia Financial’s super, pension and investments wrap platform Expand Essential has announced a slew of new menu functions to help advisers better serve their clients.
Prime Minister Anthony Albanese speaks with Conexus Financial editor-in-chief Aleks Vickovich.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
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