The Commonwealth Bank has sold its beleaguered life insurance business CommInsure to AIA and announced a series of other sweeping changes, including a strategic review of Colonial First State Global Asset Management (CFSGAM).
TCorp has teamed up with H2O Power and its owner PSP Investments, one of Canada's largest pension funds, in a deal that will see the investment arm of the NSW government own a 49 per cent stake in eight hydroelectric generation assets.
Elizabeth FryDecember 9, 2019
Australian super funds that employ responsible investment strategies have outperformed their competitors over one, three and five-year time frames, fresh data from Responsible Investment Association Australasia (RIAA) has confirmed.
Elizabeth FryDecember 6, 2019