Industry Updates

AustralianSuper appoints three in international equities team

AustralianSuper has hired three senior investment professionals in its international equities team, all based in the fund’s London office.

CSC selects Novigi for administration service improvements

Commonwealth Superannuation Corporation has entered a partnership with Novigi to combine its existing systems for five distinct superannuation schemes onto a unified administration platform, with Novigi supporting all platform operations for a seven-year term.

Cbus adds three CFMEU directors to board after independent review

Cbus Super has added three new member directors nominated by the Construction, Forestry and Maritime Employees Union, following an independent review by Deloitte found that they passed the ‘fit and proper persons test’.

CareSuper continues to merge after Spirit Super tie-up

CareSuper and The Meat Industry Employees’ Superannuation Fund (MIESF) have entered into a Heads of Agreement to explore a member transfer into CareSuper.

Morningstar appoints director of manager research ratings for Australasia

Morningstar Australasia has hired Eva Cook as director of manager research ratings and new asset class lead in equities for Australia and New Zealand.

REST chief member officer resigns

REST chief member officer Deborah Potts has resigned from the super fund after a 9-year career with the fund.

TCorp acquires interest in maritime operator Cyan Renewables

TCorp, the investment manager of NSW public sector, has acquired an interest in international maritime operator, Cyan Renewables.

SMC calls for super boost for under-18 workers

Under-18 workers in Australia could have $10,000 more in savings at retirement if a rule that currently denies compulsory super contributions unless they work more than 30 hours a week is abolished.

ESSSuper sues Iress over fund admin services

Emergency Services Superannuation Board (ESSSuper) has commenced legal proceedings in the Federal Court against Iress and its wholly owned subsidiary Financial Synergy Holdings.  

CSC MySuper returns 9.1 pc in FY24

Commonwealth Superannuation Corporation has released its annual report for the 2024 financial year, posting a 9.1 per cent return for its Balanced MySuper option.

Insignia nabs TAL talent for new MLC strategy team

Insignia Financial has picked up talent from life insurer TAL to create a new strategy and innovation team with a focus on driving innovation in retirement solutions for the MLC Wealth brand. 

AustralianSuper chief retirement officer departs

AustralianSuper’s first chief retirement officer, Shawn Blackmore, is leaving after 17 years with the super fund.

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