POWERED BY MOMENTUM MEDIA
Insignia completes separation from ANZ
Insignia Financial has completed the separation of its pension and investment business from ANZ.
This saw 1,257 employees transition from ANZ to Insignia, the separation of 638 commercial licence agreements and 589 applications that were separated or migrated from ANZ.
The firm said this would now enable it to further progress its activities on improving client outcomes and execute on strategic initiatives.
The simplification program also included the separation of the MLC Wealth business acquired from National Australia Bank which Insignia said was “on track”.
Chris Weldon, Insignia chief transformation officer, said: “Unravelling complexities to achieve a clean separation is no small feat. All of the systems and people supporting the P&I business and its clients have now transitioned to the Insignia Financial environment, reinforcing Insignia Financial’s ability to execute on strategic initiatives.
“We now have full control and management of the systems which support the P&I business. This enables us to unlock benefits of scale for our clients and people, aligned to our enterprise priority of simplification.”
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
With the merger between Mine Super and TWUSuper in its late stages, the head of the soon-to-be combined fund is the latest to join ASFA’s board.
The fund has announced new additions to its trustee board.
Brighter Super has confirmed an executive search is underway to succeed its long-serving chief financial officer Garnett Hollier.
The research house has hired an experienced product specialist for its Australasian team.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
