We put together some wealth management industry news that may interest professionals in superannuation, life insurance, banking & credit, or investments!

 
The Financial Services Council (FSC) introduces an  enforceable standard, the  minimum level  of  service  that  consumers should expect from their super fund when making a life insurance claim. https://www.fsc.org.au/resources/fsc-standards-and-guidance-notes/standards ??

Superannuation fund HESTA adds US$200 million ($290 million) to a private equity investment program in partnership with Stafford Capital Partners. https://superreview.moneymanagement.com.au/news/institutional-investment/hesta-commits-290m-sustainable-private-equity-partnership

Macquarie Asset Management, PGGM Infrastructure Fund and Australian Retirement Trust (“ART”) support a Macquarie AirFinance acquisition estimated at $US2.2 billion. https://www.macquarie.com/au/en/about/news/2023/macquarie-pggm-and-art-to-support-2-2-billion-usd-macquarie-airfinance-acquisition.html

Magellan reports net outflows of $2.6 billion in December, including retail outflows of $0.6 billion and institutional outflows of $2 billion. https://www.afr.com/companies/financial-services/magellan-shares-fall-9-3pc-after-assets-slide-to-45-3b-20230106-p5cat9

K2 Asset Management announces its partnership with GAM to manage its long/short Select International Absolute Return fund. https://company-announcements.afr.com/asx/kam/53939c54-8fdb-11ed-8ee6-5a444a238aac.pdf

The Supreme Court of New South Wales approves the acquisition of Pendal by Perpetual. https://www.listcorp.com/asx/pdl/pendal-group-limited/news/supreme-court-of-nsw-approves-scheme-of-arrangement-2823252.html

Superannuation Fund UniSuper acquires a 13-hectare industrial site in Yarraville, Victoria; to be an addition to their $6.3 billion unlisted property portfolio. https://superreview.moneymanagement.com.au/news/superannuation/unisuper-secures-105m-melbourne-redevelopment-property

We are an Australian-based wealth management recruitment firm. We specialise in recruitment for  banking & credit , superannuation, life insurance, and investment professionals. The consultants at B & K Consulting are also active participants and contributors in leading industry forums in Wealth Management, such as ALUCA, ANZIIF, ASFA, FSC, FEAL, and CFA Society. If you are interested in learning more about how we are involved and what types of roles we have available or are looking for new talent, please email us at  future@bkcon.com.au  or call us at 02 9888 7888 for more information.  Visit our job listings for current opportunities.