Financial Standard presents a roundup of the week's biggest industry news and executive moves. In this week's top stories:

Sunsuper cops rating downgrades

The $70 billion superannuation fund has seen all four of its investment options downgraded by Morningstar following its revised ratings framework. All four options are now rated as bronze, down from silver.

In response, Sunsuper said it was working with the ratings house to better understand why the downgrade occurred, saying: "Morningstar's new ratings framework sets the bar high for funds to achieve the highest ratings. Only a small proportion of rated funds achieve a medal rating and we are pleased to have achieved a bronze rating, which acknowledges Sunsuper as a high-performing fund."

Sam Henderson sentenced

Former financial adviser and media personality Sam Henderson was sentenced to two years' good behaviour and will pay a $10,000 fine for the poor advice he provided Fair Work commissioner Donna McKenna and claiming to hold a Master of Commerce when he did not.

Upon sentencing, ASIC executive director, financial services enforcement Tim Mullaly said Henderson broke the trust of his clients and that dishonest advisers will face the consequences.

There are also major executive moves, including IFM Investors' head of Australia, global relationships group and the long-standing chief executive of Meat Industry Employees Superannuation Fund.

And don't miss our quote of the week from Financial Planning Association of Australia chief executive Dante De Gori.

This week's FS Minute news round-up is proudly brought to you by Vanguard.