Transfer balance cap to rise on July 1

Frontier Advisors has awarded a custody and administration mandate for its independent chief investment officer offering to the Australian market.

Alexander Funds has named a new chief executive, hiring from Australian Unity and set to take on the role September 7.

Washington H. Soul Pattinson & Co is set to receive $1.89 billion after agreeing to divest its stake in Brickworks' industrial joint venture property trusts to Goodman Group, freeing up capital for future investment opportunities.

ASIC has names 19 additional entities involved in superannuation lead generation activities as part of an ongoing review into business models that may encourage consumers to switch super funds unnecessarily or inappropriately.