State Super selects Premialab for portfolio management & risk solutions
State Super has selected independent software platform Premialab to assist in the delivery of portfolio management and risk solutions.
AI-powered mental health app tackles stigma & support gap
MLC Life Insurance has launched a pilot of Wysa Assure, an AI-based mental health support application, in partnership with Swiss Re Reinsurance Solutions.
Iress tech to fuel merger
Industry superannuation funds Spirit Super and CareSuper have selected the technology of software company Iress as the foundation for their merged entity.
Shadow ministers to take aim at $185b budget spend, QAR response
Shadow Treasurer Angus Taylor and Shadow Finance Minister Jane Hume will on Monday unveil their alternative vision for management of the Australian economy and policies impacting the financial services industry.
FAAA sees 9500 member renewals
The Financial Advice Association has received 9525 membership renewals which includes 8093 practitioners.
Asset owners cannot ‘divest climate risk’: IGCC
Rebecca Mikula-Wright, CEO of the Investor Group on Climate Change, said asset owners around the world need to quickly get up-to-speed on the “least-understood risk in the economy”. Local funds are hoping the Australian government’s planned decarbonisation pathways and taxonomies will help give them clarity and confidence.
SuperConcepts & EQT enter into service agreement
SMSF administration provider SuperConcepts has entered into an enterprise service agreement with Equity Trustees to continue servicing the administration needs of its Australian Executor Trustees platforms business.
Treasurer appoints three new ASIC commissioners
ASIC has appointed Choice CEO Alak Kirland, Treasury first assistant Katherine O’Rourke, and Commonwealth Bank’s Simone Constant as commissioners.
IMAP announces 2023 managed account award winners
The Institute of Managed Account Professionals has announced the winners of the 2023 IMAP Managed Account Awards across nine categories.
Treasury to probe retirement as intergenerational report drops
Treasurer Jim Chalmers is expected to kick off a public consultation about retirement income settings, as the landmark intergenerational report shows superannuation will take significant pressure off the age pension over the next four decades. The Conexus Institute’s David Bell says no major DC pension system has successfully pulled off the transition from accumulation mode.
FAAA statement on ASIC’s performance to Senate inquiry
Following is a statement made by the Financial Advice Association to the Senate Economics References Committee on 23 August about ASIC’s performance by FAAA chief executive Sarah Abood and three better ways it can achieve its goals.
SCA updates retirement savings guidance
Consumer advocate Super Consumers Australia has updated its home-owner retirement savings targets to reflect changes in the cost of living and the Age Pension.
