The government will consult on the final proposals of the Quality of Advice Review in a wide set of recommendations − including giving super funds more leeway to offer members advice − to make the industry more accessible and affordable to Australians.
Australian Retirement Trust (ART) has selected State Street Corporation as custodian and investment administrator following a competitive tender process. ART is the merger of Sunsuper and QSuper. The combined super fund has more than A$230 billion assets under management. ART’s chief financial officer Anthony Rose said in a media release the appointment of State Street … Read more
A review of industry demographics, focusing on account size, age and gender, reveals significant dispersion amongst funds. This creates challenges for the superannuation ecosystem.
Michael Lovett, head of super, is leaving Vanguard Australia at the end of February after 11 years. His departure comes after the launch of the much-anticipated Vanguard Super in November.
Lonsec Holdings has appointed Bruce Hawkins as chief operating officer, Naomi Christopher as head of marketing and PR, and Steve Garth as chair of the product investment oversight committee. Hawkins has over 30 years of experience in financial services with an extensive track record across investment platforms, superannuation, and life insurance. He has held several … Read more
Allianz Retire+ has appointed Jason Hunt, Sandrine de Bonhome, and Sandra Bridgewater to its leadership team.
Members of the Financial Planning Association and Association of Financial Advisers will vote on a proposed merger of the two associations at Extraordinary General Meetings (EGMs) for each association to be held on Tuesday, 28 February 2023.
While Commonwealth Superannuation Corporation is Australia’s largest pension fund, platforms have the largest proportion of their members in retirement. This creates an interesting dynamic around who will be the leader in the retirement segment.
Strong overseas migration will cushion Australia from a recession and interest rate relief for borrowers could be in sight by the end of the year according to the chief economist of the central borrowing and financing authority of New South Wales.
Despite conjecture around the experience pathway, Kaplan Professional is reporting high enrolment numbers in 2023 for financial advice related courses.
The $150 billion Aware Super is planning to open its first office in Europe and has appointed deputy chief investment officer Damien Webb in a newly-established role to lead its international expansion.
The Australian Institute of Superannuation Trustees (AIST) has increased its estimate of the cost of menopause to more than $112.2 billion as it continued to urge the Federal Government to measure and report on its impact on women’s retirement incomes. CEO Eva Scheerlinck said AIST’s previous estimate of between $17 billion and $35 billion was … Read more
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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.
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