MSC Trustees has been selected by global investment manager abrdn to assume trusteeship and responsible entity duties across its Australian fund book. The book comprises 10 registered funds and $1.5 billion funds in management and the appointment will commence from the start of the upcoming financial year. In a media release from MSC Trustees on … Read more
After releasing the final report of the ASIC Industry Funding Model, the government has decided to end the ASIC levy freeze put in place in 2021. The freeze was put in place by the Coalition government in August 2021 after ASIC initially estimated advisers would need to pay a flat fee of $1,500 per license plus … Read more
Industry Super Australia and IFM Investors have both appointed chairs to replace Greg Combet who departed to lead the new Net Zero Economy Agency. ISA chair Former NSW Treasurer under the Nick Greiner Liberal Premiership (and not the former PwC partner) Peter Collins has been appointed as chair of the board of ISA. Collins joined … Read more
ASIC is calling on superannuation trustees to ensure they are meeting their legal obligations for dealing with incoming money from consumers if a new or increased interest in a super product cannot be issued by the next business day. In a media release on Tuesday, ASIC said the call follows a review conducted by the … Read more
A group of three Betashares’ flagship ETF funds – it’s ASX 200 (A200) and NASDAQ 100 (NDQ) trackers, and Australian High Interest Cash fund (AAA) – have recently each passed $3 billion in Funds Under Management. In a media release, the Betashares noted the milestone is significant because only 11 of the 330+ exchange-traded products … Read more
Industry super fund Rest has appointed Willis Towers Watson as its asset consultant to its board and board investment committee. In a media release, the fund said the appointment will bolster the independent advice within Rest’s investment governance framework. The appointment followed a competitive tender process that began in October 2022. WTW will commence the … Read more
CPI-plus targets were easier to achieve when interest rates and inflation were low. Now that the environment has changed, leading industry figures are questioning whether funds really believe their own targets, or whether they are keeping them to save face alongside their peers.
The real battle ground for member retention and growth is not in the heady space of advertising, but in the boring, mundane areas of standard letters, emails and phone systems.
Education provider Kaplan Professional is launching a national series of corporate workshops designed for leaders in financial services who recognise the need to adapt to the changing post-pandemic workplace dynamics. The series of MBA-style face-to-face workshops will begin next month in Sydney. The workshops are targeted for business solution managers; lead project managers; product development … Read more
Industry super fund Aware Super has introduced an actively-managed high growth socially conscious option and high growth indexed option to complement its core high growth actively managed option. In an update from the fund on Friday, it said more than 5,000 members have already moved about $340 million of their super into the two new … Read more
Morrison Securities has paid a penalty of $333,000 to comply with an infringement notice issued by the Markets Disciplinary Panel. In an update from ASIC, the regulator said the MDP had reasonable grounds to consider that Morrison contravened Rule 5.9.1 of the ASIC Market Integrity Rules (Securities Markets) 2017 on six occasions on 27 October … Read more
GQG Partners has appointed Victoria Flygare as director for business development across South Australia and Western Australia, after a 10-year stint at Magellan.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
