Industry Updates

Super funds shoot for double digit return in FY24: SuperRatings

As the final quarter of the financial year approaches, super funds have the potential to see a double-digit return in the balanced options, as the median fund delivered 8.8 for the first nine months of FY24, according to SuperRatings.  

ESSSuper class action launched over unpaid entitlements

Gordon Legal has commenced a class action against the Emergency Services Superannuation Board (ESSSuper) for unpaid super entitlements.

ASFA appoints head of policy and advocacy

ASFA has appointed James Koval as its head of policy and advocacy in a newly created role.  

Life Code breaches increase for third consecutive year

Total breaches of code obligations have increased for a third consecutive year according to the latest report released by the Life Code Compliance Committee (Life CCC). 

REST invests in industrial property impact fund

Retail workers fund REST has made an impact investment in industrial property via Fidelity’s real estate logistics impact climate solitons fund (LOGICs).  

NZ Super makes board appointment

Hinerangi Raumati-Tu'ua has been appointed to the Board of the Guardians of New Zealand Superannuation, the manager of the New Zealand Superannuation Fund.

Insight Investment Consultants re-brands, hires senior research analyst

Genium Investment Partners (previously Insight Investment Consultants) has hired Justin Walsh as a senior analyst of research, reporting to co-CEO and head of research, Tim Murphy.  

JANA appoints two in investment trusts team

Asset consultant JANA has appointed Claire Simpson as head of investments and David Schnell as head of diversified portfolios in its investment trust team.  

Perpetual appoints lead partner in WA

Perpetual has appointed Tania Cecconi as lead partner in Western Australia. 

Multiple drivers behind retirees’ wellbeing: Challenger study

Hobbies, sound mental health, physical health and financial stability are the primary factors that improve overall wellbeing for retirees, research by Challenger has found.  

Resolution Life acquires Suncorp’s NZ insurance arm

Resolution Life has entered an agreement to acquire Suncorp Group’s New Zealand life insurance company Asteron Life for NZ$410 million ($375 million). 

BT appoints chief product officer

BT has appointed Annabelle Kline as chief product officer, where she will be responsible for leading BT’s platforms business. 

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