The default status of insurance in super could be at risk if insurers and trustees can’t collectively improve the design and delivery of insurance for super fund members, delegates to the Investment Magazine Group Insurance Dialogue concluded. Table discussions at last month’s event centred on the challenges surrounding TPD and rising mental health claims.
Janus Henderson has appointed Ashleigh Lane as an institutional sales director and Sophie Nelson as an institutional sales associate.
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.
SA-based accounting and financial planning firm dmca advisory will add 80 new client groups after completing a merger with Willoughbys Financial Group.
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.
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.
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 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.
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 has appointed Chenelle de Rozario Harding as a senior alternatives specialist.
Bravura Solutions has appointed Andrew Russell as group CEO and managing director following an extensive global search process.
Investment management firm T. Rowe Price has appointed Caroline Ramscar as an ESG investment specialist for the APAC region.
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