ASIC takes legal action against Vanguard for greenwashing
ASIC has taken legal action against Vanguard Investments, accusing the investment manager of allegedly misleading conduct relating to ESG claims of one of its fixed income products.
Insignia sells investment bond business to Aus Unity
Insignia Financial will sell its friendly society investment bond business, IOOF Ltd, to Australian Unity with the proceeds being utilised to further reduce net debt.
Aware Super migrates a million members to Bravura platform
Industry super fund Aware Super has moved over one million members onto a single technology platform, Bravura Sonata Alta, which included the phasing out of paper-based legacy systems.
Mercer appoints CEO of wealth portfolio
Financial services company Mercer has appointed Cathy Hales to the newly-created role of wealth Pacific CEO, responsible for the $63 billion Mercer Super Trust and super administration services arm.
MLC improves Vivo program
MLC Life Insurance is improving its Vivo program by building digital capabilities and expanding its provider network.
ASIC lifts DDO stop orders on Clearview
ASIC has lifted its interim Design and Distribution Obligation stop orders on two Clearview Income Protection Covers, which it introduced last week.
EQT adds Future Super; announces board changes
The superannuation trustee arm of Equity Trustees has started the financial year picking up the Future Super Fund as a client, as well as announcing two board appointments.
Nuveen appoints head of consultant relations
Global asset manager Nuveen has appointed Jaxon Rudduck as head of APAC ex-Japan consultant relations.
EQT adds Future Super; announces board changes
The superannuation trustee arm of Equity Trustees has started the financial year picking up the Future Super Fund as a client, as well as announcing two board appointments.
Spark Financial makes several personnel changes
National dealer group Spark Financial has appointed Damien Kirby and Tennille Catchpole as advice and compliance coaches.
CFS CIO spies opportunity in unlisted asset ‘valuation discrepancies’
Amid heightened regulatory and media focus on the valuations of unlisted assets, Colonial First State investment chief Jonathan Armitage says being underweight real estate and infrastructure is now a competitive advantage.
APRA governance edict backs ESG principles: UN PRI
The United Nations Principles for Responsible Investment body is reading APRA’s finalised investment governance guidance as an endorsement of a portfolio construction approach that bakes in sustainable and social impact objectives.
