Fund Regulatory Updates
/ASIC cancels stockbroker AFS licence
AustralianSuper fined for breach of privacy
Deutsche Bank fined for alleged bribery
Aussie banks most fined in the world
/New data shows Australian banks - while not the worst in the world - are the second-most fined banks globally.
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/AMG Super cutting brands to save money
Fund Company Updates
/MTAA Super and Tasplan tie the knot with Spirit Super
Fund People Update
/Schroders boosts private debt team
SuperConcepts promotes chief information officer to CEO
WTW appoints head of financial solutions for AU & NZ
ME Bank welcomes new board member
HESTA appoints GM of portfolio construction and risk
WA Super loses COO after merger
Turns out money does buy happiness
/New research delves a little deeper into the edges of money’s ability to improve our day-to-day wellbeing and overall satisfaction using data from over a million people.
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/Cbus and Media Super merger continues
Investec shuttering Australian business
Fund Product Updates
/Magellan launches on Chi-X
Superhero launching super fund
AMP launches guaranteed return of capital retirement product
ETF Securities closes two ETFs after a failure to thrive
Aberdeen Standard wraps up fixed interest strategies
Fund People Update
/MLC AM welcomes head of retail distribution
Future Super CIO shifting into governance, welcomes risk committee chair
Meat industry super makes new appointments
Bennelong appoints new board member
Citi appoints head of product
Fund Company Updates
/IOOF halts AET purchase
WA Super and Aware Super merger complete
S&P to buy out analytics provider competition for $60bn
HESTA and Australian Unity partner through social impact trust
BlackRock to acquire equity index firm
Australian Unity owes employees at least $4.25m
Wells Fargo eyeing up Australian superannuation funds
Hostplus outsources service centre to Link Group
Fund People Update
/Future Fund welcomes CIO and other new appointments
AMP Capital appoints deputy chief executive
BNY Mellon nominates country head
JP Morgan welcomes new chief Asia Pacific equity strategist
Telstra Super welcomes new head of equities
Cbus welcomes first IT chief
AMP Capital’s Asia Pacific MD departs
Challenger loses life CEO to new position
WTW research into diversity: more than gender
/Recent WTW research dives into the ‘other’ areas of diversity: experience, age, and gender and ethnicity, to see the factors that really matter and those that don’t.
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/CIP launches credit strategy
S&P Dow Jones Indices launches blockchain and cryptocurrency index capabilities
ESG Aus and NZ Update
/Innovative start-up: Lord of the Trees, drone tree planting
MarketForces criticises AustralianSuper’s net-zero commitment
Protein producer index finds global and Aussie meat, fish and dairy producers undermining climate efforts
Rest agrees with McVeigh’s requests, case dismissed
Insurance in super confusing to consumers, ASIC finds
/When consumers call their super fund to talk about their insurance cover, the experience is overwhelmingly unsatisfactory. ASIC looks at why.
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/Spaceship launches active equities product
Mercer releases climate analytics tool
Merger successor fund transfer complete for IAG & NRMA super to Sunsuper
Club Plus insurance changes
AMP Capital closes Australian equities fund
Ironbark winds up emerging markets small caps fund
Fund People Updates
/Raiz replaces chair
AustralianSuper promotes funds deputy head of equities, loses head of equities
SSGA appoints global CIO
Cbus welcomes tech chief
T. Rowe Price appoints equities analysts
Link appoints GM, portfolio manager
Lonsdale CEO resigns
Fund Regulatory Updates
/Government Retirement Income Review presented
Fund Company Updates
/Spaceship appoints new trustee
Catholic Super appoints new group insurer, considers merger
Aussies want SG rise
/A recent ASFA survey into Australians’ expectations of retirement found that 75 per cent want the superannuation guarantee to rise to 12 per cent.
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