Superannuation fund Australian Retirement Trust has made three executive changes including within its advice and membership divisions. Head of advice, guidance, and education, Anne Fuchs, has been promoted to executive general manager of advice, guidance, and education. Fuchs has held the role of head of advice role at ART for the last eight years (including … Read more

Global non-profit organisation B Lab has granted B Corporation certification to Zenith Investment Partners and Chant West. B Lab identified that the two businesses had met high standards of social and environmental performance, transparency, and accountability. Zenith and Chant West will continue working with the global business community to meet rising social and environmental performance … Read more

Digital advice firm Ignition Advice has appointed former Financial Services Council CEO Sally Loane as chair.  Loane is an experienced chair, non-executive director, and business leader. She replaces the firm’s inaugural chair Peter Meurer, who is stepping down after serving eight years. She will work with Meurer and the Ignition board during the transition period. Loane departed … Read more

The Financial Services Council has released an updated template Target Market Determination for fund managers. The refreshed TMD template intends to complement other FSC products that assist with Design and Distribution Obligation compliance and reduce industry costs, including DDO data standards, FSC guidance on implementing the DDO in investment portfolios, and an FSC standard questionnaire … Read more

Advice regtech firm Fourth Line has purchased the core intellectual property (IP) of defunct software company TIQK, including artificial intelligence (AI) and natural language processing (NLP) technologies. The acquired assets include a full-stack technology platform that incorporates a suite of micro-application software specific to advice assurance, as well as custom NLP and AI code, AI … Read more

Yarra Capital Management has appointed Jessica Ren as investment manager of its fixed-income team. Ren will report to co-head of Australian fixed income Darren Langer to support the management of the firm’s fixed income and cash portfolios, with a focus on macro, rates, and sector allocation matters. Ren previously worked as a rates strategist at … Read more

Vision Super and Active Super will merge to create a $27 billion fund with 170,000 member accounts, and a broader geographic presence across NSW and Victoria. Vision Super CEO Stephen Rowe has been appointed CEO of the merged fund. Active Super CEO Phil Stockwell will depart, and deputy CEO Donna Heffernan will serve as acting … Read more

Technology company New Quantum Holding has completed stage one of its 80 per cent acquisition of Morrison Securities from ASX-listed licensee Sequoia Financial Group. The remaining 29.9 per cent of the $40.5 million deal will be completed on or before 31 August 2023. The deal continues to be funded by Beaconsfield Capital, a London-and-Boston-based technology … Read more

NGS Super has appointed acting CEO Natalie Previtera to the role permanently after a national recruitment process. She was previously the fund’s chief risk and governance officer before taking on the acting CEO role nine months ago. Previtera is also a solicitor and a fellow of the Governance Institute of Australia.