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.
Dixon Advisory director taken to court by ASIC
Dixon Advisory director Paul Ryan will face civil charges for alleged breaches of director duties after ASIC alleges he made decisions that were to the advantage of Dixon holding company E&P Operations – where he was also a director – rather than the insolvent firm’s creditors.
Govt opens consultation on MIS review
The Albanese government has released a consultation paper examining the regulatory framework for Managed Investment Schemes to ensure it remains fit‑for‑purpose and effectively protects investors from unnecessary financial risk.
Cbus Super appoints head of portfolio strategies
Industry super fund Cbus Super has appointed Leigh Gavin as head of portfolio strategies to help implement its five-year strategy to internalise over half its assets under management and improve global partnerships to gain access to more investments.
