Hejaz Group launches direct Islamic pension product
Islamic Finance provider Hejaz Group has launched the Hejaz Islamic Super and Pension, the first account-based Islamic pension product to be directly offered to consumers in Australia.
Ignition Advice appoints Asia Pacific BDM
Advice technology company Ignition Advice has appointed Darren Speirs as business development director for the Asia Pacific region.
LifeBid launches equity crowdfunding campaign
Insurance company LifeBid has launched an equity raising campaign with crowdfunding platform Stride Equity.
Prime Value appoints heads of distribution & marketing
Boutique investment house Prime Value Asset Management has appointed Nathan Wares and Kate Mulham as head of distribution and head of marketing and communications, respectively.
Sequoia announces three senior hires
Sequoia Financial Group has picked up new hires from ASIC, WT Financial Group and Praemium across its operations, legal, and compliance divisions.
Unlisted assets part of a brighter future for mid-sized fund
Queensland-based Brighter Super will capitalise on the liquidity created by its recent mergers to lift exposure to infrastructure, renewable energy, private equity, and credit. Chief investment officer Mark Rider says take advantage of its size to chase deals bigger funds can’t.
Northern Trust appoints head of global fund services
Financial institution Northern Trust has appointed Caroline Higgins as head of global fund services in the Asia Pacific.
TAL named AFLW insurance partner
TAL will become the official life insurance partner of AFLW, the highest level competition for women’s Australian rules football, for three years.
Purpose of super draft legislation imminent
Minister for Financial Services Stephen Jones has told the Retirement Conference in Canberra today that he will introduce draft legislation to enshrine the purpose of superannuation within months. It comes amid a push by the Albanese government to force the sector to lift customer service standards, especially on retirement income.
Almost 10m Australians using Moneysmart
ASIC’s consumer-focused general financial advice website Moneysmart achieved almost 10 million users during the past financial year.
HESTA managing almost 10pc of its portfolio in-house
Industry super fund HESTA is now internally managing almost 10 per cent ($7 billion) of its portfolio in-house, eighteen months after it launched its internalisation strategy.
Funds extoll member benefits of dangerous occupations exemption
Superannuation executives who have embraced the dangerous occupation exemption (DOE), a carve-out from Putting Members Interest First (PMIF) legislation introduced three years ago, have voiced surprised so few peers have followed suit. Cbus head of insurance Noel Lacey said his fund had been able to provide 210,000 members with automatic insurance cover since April 2020.
