Industry Updates

UniSuper and global investors acquire Tasmanian forestry estate

UniSuper, alongside the UK’s Pension Protection Fund and a subsidiary of Dutch pension fund ABP, have acquired a 170,000-hectare hardwood plantation in Tasmania from asset manager New Forests for an undisclosed sum.

ASFA names Leeanne Turner interim CEO

The Association of Superannuation Funds of Australia (ASFA) on Wednesday Leeanne Turner as interim CEO of the association. Gary Dransfield has also been reappointed chair.

Challenger signs its first sponsorship deal in Australian sport

Investment management firm Challenger has signed on as an exclusive three-year naming rights partner of the PGA Tour of Australasia – its first sponsorship deal in Australian sport.

Allianz Retire+ launches group retirement solution

Allianz Retire+ has launched Guaranteed Income for Life, a group retirement solution that allows super funds to offer a streamlined and thorough retirement experience to members while targeting specific cohorts.

APRA and ASIC release FAR info package

APRA and ASIC have jointly released a comprehensive information package to assist the financial services sector in implementing the Financial Accountability Regime (FAR).

Paul Watson to leave Hostplus in November

Hostplus group executive of member experience Paul Watson has announced his decision to step down from his role in late November.

UniSuper invests in Asian equities through Man GLG

Industry super fund UniSuper is now investing in Asia ex-Japan equities through Man GLG, the discretionary fund management unit of publicly-traded hedge fund Man Group. 

Affinia firm moves to Count licence

Former Affinia-aligned firm Tribel Advisory has joined Count’s AFSL network, one of the first to do so since the acquisition from TAL in May.

FEAL appoints NGS Super CEO to board

The Fund Executives Association (FEAL) has appointed NGS Super CEO Natalie Previtera to its board of directors, replacing Jo Townsend, who is retiring.

Mine Super and TWUSUPER sign SFT deed

Industry super funds Mine Super and TWUSUPER have signed successor fund transfer deed as part of their merger discussions.

HESTA research shows the financial toll of unpaid care

The hidden costs of unpaid care have significant implications for women’s productivity and financial well-being, according to research conducted by HESTA over 2022 and 2023.

Fintech pays penalties for misrepresenting crypto product

Fintech company Bobbob has paid $53,280 to comply with infringement notices regarding representations it made about a crypto-asset-linked investment product.

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