CALI launches grant program to female risk advisers
The Council of Australian Life Insurers has launched a program called the ‘ReCALIbrate: A Chance For Women to Reshape Life Insurance’ to help get more women into risk advice.
Cbus reshapes executive team
The $85 billion industry fund Cbus has made several executive appointments across its investment, strategy, transformation, and operations divisions.
Super fund execs face deferred bonuses as FAR laws pass
Parliament yesterday passed legislation to implement the so-called Financial Accountability Regime. Under the new rules, superannuation and insurance executives will be required to act with honesty and integrity, while 40 per cent of some large variable bonuses will be deferred. Breaching them could result in disqualification or even individual civil penalties.
Northern Trust appoints asset servicing head
Global asset servicing firm Northern Trust has appointed Aisling Keane as head of asset servicing for its operations in Hong Kong.
Canva is just the beginning of private equity scrutiny
Regulators around the world, including the Australian Prudential Regulation Authority, are right to be closely monitoring the multitrillion-dollar surge of investors into private assets over the past decade. Criticism over local funds’ investment in tech darling Canva follows a spate of private equity transactions that have raised important asset allocation questions.
Spark Financial partners with sustainable investment firms
National dealer group Spark Financial has partnered with platform Oko Advisers and client software Voyant to help its financial advisers offer sustainable investment options and enhance their ability to manage practice finances effectively.
Natixis expands AFSL to serve retail clients
Natixis Investment Managers has expanded its AFSL allowing it to promote to retail clients.
ASIC halts K2 affiliated fund
ASIC has issued an interim stop order on Storehouse Residential Trust, a managed fund promoted by K2 Asset Management.
Ensombl officially launches in South Africa
After announcing a capital raise, professional networking platform Ensombl has officially expanded its international presence with a launch in Cape Town, South Africa.
New Zealand Super Fund invests in Euroclear
The New Zealand Super Fund has acquired a 4.99 per cent share in Brussels-based company Euroclear.
Climate, AI, inflation front of mind for insto investors
The environment and economy, both with the overlay of geopolitics, are the biggest investment challenges but also carry huge opportunities, last week’s AIST Superannuation Investment Conference heard. Artificial intelligence, decarbonisation and re-industrialisation were some of the weighty themes that came up again and again.
Hostplus, Maritime Super complete merger
Hostplus and Maritime Super have completed their merger after signing a successor fund transfer in December 2022.
