MetLife launches 2023 plan for reconciliation
MetLife Australia has launched its 2023 Reflect Reconciliation Action Plan (RAP) as part of its commitment to reconciliate with First Nations peoples.
ART hits $260b AUM on completion of Woolies deal
Australian Retirement Trust has completed a successor fund transfer with Woolworths Group and Endeavour Group, and flagged that more transactions are to come. The deal takes ART’s total pool of assets to more than $260 billion.
UniSuper places advice on par with investments
The board and senior management of $115 billion industry fund UniSuper have signed off on a strategy that frames financial advice as equally important to the fund’s mission statement as investing prudently on their members’ behalf.
Bravura appoints global head of product
Financial services software company Bravura Solutions has appointed Greg Johnson as global head of product as it continues to transition to a product-centric organisation.
Nominations open for inaugural FAAA awards
The Financial Advice Association has launched its inaugural FAAA Awards program, designed to recognise members who deliver the highest standards of professional and trusted advice to Australian consumers, and those who are going above and beyond to support their local communities.
Over 250k Rest members get more super from $450 threshold change
Profit-for-member fund Rest has estimated that up to 260,000 of its members are now receiving their full super entitlements due to the removal of the monthly income threshold of $450 on 1 July 2022.
AMP agrees to $110m settlement in shareholder class action
AMP has agreed to settle the shareholder class action brought after the Hayne royal commission in 2018 for $110 million.
CFS strengthens investment team
Colonial First State has appointed John Iles and Al Clark as head of cash management and derivatives, and head of investments, respectively.
Zenith appoints CEO steps aside
Zenith Investment Partners chief executive David Wright will step down from his role at the end of year and transition to the role of investment director.
ASIC announces several leadership changes
ASIC has made several executive appointments to its leadership team across markets supervision and small business enforcement.
Roadblocks remain for funds to meet growing retirement expectations
Developing a scalable mechanism through which super funds can direct members to suitable retirement solutions — while being cognisant of the personal financial advice laws — has become one of the nation’s most pressing policy challenges. But after years of slow progress, the 2023 Retirement Conference discussed some promising solutions.
ASX200 net zero commitments are growing (but not all pledges are equal)
Time is running out to keep warming to 1.5°C above pre-industrial levels, so it’s pleasing to see progress by listed Australian companies on net zero pledges and climate-related disclosures. But there are still big gaps on transparency and comparability.
