Janus Henderson expands institutional sales team
Janus Henderson has appointed Ashleigh Lane as an institutional sales director and Sophie Nelson as an institutional sales associate.
Prime Super acquires two additional wind farms
Profit-for-member super fund Prime Super has purchased two wind farms in Victoria, bringing its wind-energy portfolio to a total of five wind farms.
Willoughbys Financial Group merges with dmca advisory
SA-based accounting and financial planning firm dmca advisory will add 80 new client groups after completing a merger with Willoughbys Financial Group.
Acadian unveils AI-powered sustainability tool
Acadian Asset Management has developed a tool that utilises artificial intelligence (AI) technology to analyse company reports and predict the likelihood of them achieving their sustainability targets.
AZ NGA acquires stake in Foster Raffan iPlan
Professional services company AZ NGA has acquired a stake in financial advice firm Foster Raffan iPlan, and to help support the business in growth and expansion.
Superannuation consumer complaints jump by a third
AFCA has reported a 32 per cent spike in superannuation-related complaints in FY23. The increase comes amid questions over the quality of customer service and member engagement among super funds.
ASIC imposes stricter AFSL conditions on Shartru
ASIC has imposed additional conditions on the AFSL of Shartru Wealth Management after targeted surveillance by the regulator found the licensee was not adequately monitoring and supervising its representatives.
‘Danger’ in omitting insurance from purpose of super
Leading insurers have warned there is a risk that future governments could decouple insurance from superannuation if it is not explicitly referenced in the legislated objective for the system, worsening under-insurance. But Minister for Financial Services Stephen Jones says insurance is “important”, but not core to super’s purpose.
Franklin Templeton nabs Future Fund senior alternatives specialist
Franklin Templeton has appointed Chenelle de Rozario Harding as a senior alternatives specialist.
Bravura makes interim CEO permanent after global hunt
Bravura Solutions has appointed Andrew Russell as group CEO and managing director following an extensive global search process.
T. Rowe Price appoints APAC ESG investment specialist
Investment management firm T. Rowe Price has appointed Caroline Ramscar as an ESG investment specialist for the APAC region.
Group insurance review no longer needed: AusSuper, ART
The nation’s two largest superannuation funds, AustralianSuper and Australian Retirement Trust, say the time has passed for a sweeping review of group insurance settings, as recommended by the Productivity Commission. The comments come as newly released official figures suggest a 136 per cent increase in super-related claims complaints in FY23.
