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Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... million respectively relate to PDS fact sheets published in 2021 and 2022. Active Super and Vision Super merged on March 1, now home to 165,000 members. ASIC deputy chair Sarah Court said: "This is a significant penalty that sends a strong message to ...

Australian Unity chief retires

ANDREW MCKEAN  |  TUESDAY, 18 MAR 2025
... retire at the end of this year, closing the book on a 21-year tenure at the financial services company. Australian Unity is now on the hunt for his successor, with an internal and external search underway. During Mead's tenure, Australian Unity's revenue ...

Future Group, family offices back US$100m AI-focused fund

MATTHEW WAI  |  TUESDAY, 18 MAR 2025
... said AI is evolving at "breakneck speed". "The talent and groundbreaking technology emerging from Australia and the US right now are extraordinary, and we're excited to help shape the future with visionary entrepreneurs leading the charge," Barter said. ...

TWC Invest makes risk, technology hires

MATTHEW WAI  |  MONDAY, 17 MAR 2025
... fixed income and cash markets at the State Electricity Commission of Victoria and was a director of equities at Equitilink (now Aberdeen Asset Management). In 2002, Thompson joined Cooper Investors as a founding director, leading risk, compliance and ...

Managed account use at record high: Data

MATTHEW WAI  |  MONDAY, 17 MAR 2025
... New research from State Street Global Advisors and Investment Trends shows about 59% of Australian financial advisers are now using managed accounts (MAs), as performance remains the top criteria for advisers. According to the SPDR ETFs / Investment ...

Ord Minnett poaches Perpetual advisers amid hiring spree

ANDREW MCKEAN  |  MONDAY, 17 MAR 2025
... training the next generation of advisers via its Associate Adviser Program and Graduate Program, which are "in high demand." Now in its second year, the Graduate Program received 500 applications, up from 250 the previous year - a rise Ords said highlights ...

Korean pension fund takes $50m stake in Metrics

ELIZA BAVIN  |  FRIDAY, 14 MAR 2025
... forward to continuing our partnership with Metrics to deliver on the multiple future growth opportunities that lie ahead, now alongside NPS and Townsend."

Australia can benefit from China's economic growth amid trade war: Experts

MATTHEW WAI  |  FRIDAY, 14 MAR 2025
China is now better equipped to absorb US trade tariffs compared to 2018-19 and is poised for growth that can benefit Australia despite the unrelenting trade war, according to experts who spoke at the China Investor Symposium. Amid the spate of universal ...

WTW names head of real assets

ELIZABETH FRY  |  THURSDAY, 13 MAR 2025
... develop a carbon offset solution to support organisations in their transition to a net zero world.." "We are excited that she is now back with our business team and are looking forward to the impact she will have on our clients and the broader investment ...

ART appoints insurance chief

ELIZABETH FRY  |  THURSDAY, 13 MAR 2025
Australian Retirement Trust has appointed the interim head of insurance to the job permanently. Matthew Finney is now chief executive of ART Life, an APRA-regulated insurance entity and a wholly owned subsidiary of the superannuation giant. Finney was ...