FRIDAY WEALTH MANAGEMENT UPDATE 24 SEP 2021
On Fridays, we put together wealth management industry news that may be of interest to professionals in superannuation, life insurance, banking & credit, or investments!
APRA releases update on proposed revisions to Prudential Standard SPS 250 Insurance in Superannuation and Prudential Practice Guide SPG 250 Insurance in Superannuation. https://www.apra.gov.au/news-and-publications/apra-releases-update-on-standard-and-guidance-on-insurance-superannuation
Chant West reveals superannuation funds have started strong this financial year, with the median growth fund going up by 1.7% in August. https://www.moneymanagement.com.au/news/superannuation/super-funds-experience-11-months-growth
ASIC to take “practical and reasonable” approach to the single disciplinary body. https://www.moneymanagement.com.au/news/financial-planning/asic-take-%E2%80%98practical%E2%80%99-and-%E2%80%98reasonable%E2%80%99-approach-disciplinary-body
12 investment consulting firms commit to supporting the goal of global net zero emissions by 2050 or sooner. https://www.moneymanagement.com.au/news/funds-management/investment-consulting-firms-join-net-zero-initiative
Main Sequence adds Australian Ethical as strategic investor. https://www.mseq.vc/post/main-sequence-adds-australian-ethical-as-strategic-investor-to-tackle-global-challenges
HESTA becomes the first Australian signatory to the Paris Aligned Asset Owners group. https://www.investordaily.com.au/superannuation/49927-hesta-becomes-first-australian-signatory-to-paris-aligned-asset-owners-group
Westpac and Kina agreed to terminate the agreements for the sale of Westpac’s Pacific businesses. https://www.westpac.com.au/about-westpac/media/media-releases/2021/22-september/
Janus Henderson announces the Australian launch of a new ETF offering. https://www.investordaily.com.au/markets/49940-janus-henderson-launches-new-etf-for-sustainable-investing
TOMORROW Super readies for launch. https://www.ifa.com.au/news/30113-new-adviser-friendly-super-fund-readies-for-launch
Fintech, Airwallex, raised US$200 million Series E funding. https://www.airwallex.com/newsroom/airwallex-raised-usd200-million-series-e-funding-round-led-by-lone-pine
ClearView releases details on new life insurance platform, coincides with its latest product, ClearChoice. https://www.ifa.com.au/risk/30119-clearview-releases-details-on-new-life-insurance-platform
AMP Capital’s Global Infrastructure Equity team creates Telecom Infrastructure Partners, focused on acquiring and aggregating telecom site leases globally. https://corporate.amp.com.au/newsroom/2021/september/global-infrastructure-equity-telecom-infrastructure-partners
Rainmaker’s adviser movements pipeline shows 1689 financial advisers switched practices in the year to August. https://www.financialstandard.com.au/news/more-advisers-switching-practices-179780024
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Sep 23, 2021