Stephen Jones says he is “100 per cent up for a fight” with the Coalition over superannuation policy at the next election. But the Minister for Financial Services will have a tough task balancing preserving compulsory super while criticising the sector over retirement and complaints.
Advice network Count has acquired the accounting client book of Business Accounting Melbourne via its subsidiary firm Kidmans Partners.
The Financial Advice Association has warned its members against what appears to be a phishing email from CEO Sarah Abood on Wednesday.
Equity Trustees has become the superannuation trustee of Clearview and Guild Super, adding $5 billion in funds under supervision.
The Financial Advice Association has published its FY25 pre-budget submission, with a focus on reducing the cost of professional financial advice.
APRA has never made its expectations clearer that funds must act now on issues like managing unlisted asset valuation and operational risks. After outlining its wide-ranging new year initiatives in detail this week, the regulator’s deputy chair Margaret Cole told Investment Magazine Chair Forum that inaction will be “a fast track to non-compliance”.
Ultimately meant to provide investment analysts with greater awareness over climate change obligations, the new disclosure regime currently under public consultation – if introduced – will only benefit CIOs and analysts if it is accompanied by rigorous auditing and proper regulatory oversight of the quality of sustainability reports.
ESG considerations are becoming firmly embedded in the investment philosophy of major funds around the globe and the military industrial complex is finding itself boxed out from investor capital. Weapons manufacturers now argue it is insulting to be equated to fossil fuel providers, tobacco companies or pornography, insisting its contributions are necessary to defending Western democracies.
Financial Services Council CEO Blake Briggs has been appointed to the Private Pensions Expert Group of Business at OECD.
Independent director and chair of HESTA investment committee, Susanne Dahn, have been made a member of the Order of Australia in the 2024 Australia Day Honours for their services to the business, finance, and banking industries.
Former Industry Super Australia chair Greg Combet has been appointed to succeed Peter Costello at the Future Fund, while former QSuper CEO Rosemary Vilgan has been named a board member. The move indicates an expansion of the industry super movement’s influence over the $212 billion sovereign fund and has excited environmentalists about the prospect of a greener mandate.
In the race to secure superannuation capital which is increasingly flowing to mature overseas markets, Housing Australia CEO Nathan Dal Bon says the Australian social and affordable housing sector needs more time to prove its worth.
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