AvSuper and ART investigating merger
AvSuper and Australian Retirement Trust (ART) have agreed to investigate merging by signing a Memorandum of Understanding (MoU).
Super funds beef up tech security amid tighter APRA checks
Super funds are beefing up security controls and spend to protect members’ data – a key focus for the financial regulator – following the much-publicised cyber attacks on Optus and Medibank last year.
Super funds under pressure on unlisted assets
Australia’s major super funds are stepping up their processes for valuing their unlisted assets, setting up separate valuations teams as they come under more scrutiny from APRA to improve industry standards on valuations.
Former Iress CEO named Mason Stevens chair
Former Iress CEO Andrew Walsh has been appointed to chair the board of directors of wealth platform provider Mason Stevens.
Chalmers, Jones to front superannuation industry
Investment Magazine readers have an exclusive opportunity to interact with the Federal Treasurer Jim Chalmers and Minister for Financial Services Stephen Jones on the Australian economy, financial advice and superannuation.
ASIC to expand enforcement focus areas this year
ASIC has warned businesses it will be targeting greenwashing, predatory lending, and misleading insurance pricing promises this year as part of a continuing focus on protecting consumers from financial harm. In a media release on Wednesday, the regulator said it will have a strong focus on enforcement activity targeting sustainable finance practices and disclosure of … Read more
Cboe announces planned retirement of CEO
Cboe Australia has announced the planned retirement of CEO Vic Jokovic, effective 31 March 2023, with Emma Quinn appointed successor. Quinn will assume the role on 27 March 2023. She joins Cboe Australia from AllianceBernstein, where she was Global Co-Head of Equity Trading. Previously, she served as head of Asia-Pacific trading, head of Asia-Pacific fixed … Read more
HESTA membership reaches one million
HESTA membership has reached the one million mark. The $70 billion industry super fund was established in 1987 (before the introduction of the national Superannuation Guarantee) to extend superannuation benefits to more women, with an initial focus on predominately female workforces in health and community services. HESTA CEO Debby Blakey said reaching one million members … Read more
Half of couples consider financial dishonesty a form of infidelity
The ‘Couples and Money Survey’ by US-based Orion Advisor Solutions revealed that half (50 per cent) of respondents – including 61 per cent of millennials – consider dishonesty about money a form of infidelity.
More orgs added to Iress connectivity network
MLC Life Insurance and Praemium have signed memorandums of understanding (MOU’s) in which they agree to collaborate with Iress on the design and creation of its connectivity network.
Zurich appointed group provider for Brighter Super
Brighter Super has appointed Zurich Financial Services to provide group insurance for its members, commencing from the start of the upcoming financial year.
FPA names winner of Gwen Fletcher Memorial Award
The FPA has named Jessica Dean as the recipient of the Gwen Fletcher Memorial Award for the summer semester of 2022.
