Frontier Advisors restructures research team
Frontier Advisors has restructured its research team, promoting a slew of internal talents.
‘Renewable energy superpower’ dream could become reality, says environment minister
Minister for the Environment and Water, Tanya Plibersek, has given a vote of confidence to Australia becoming a “renewable energy superpower” that can switch out the export of coal and gas to greener forms of energy as its economic foundation in the foreseeable future. With the backing of institutional capital and legislation such as the new Capacity Investment Scheme, the nation can compete on an international level, she told the Conexus Financial Political Series.
Investors in China urged to proceed with caution
Opportunities to invest in China remain plentiful, but investors must proceed with greater caution than in the recent past in light of renewed geopolitical tensions and a confluence of factors combining to put a brake on the economy.
ASIC gains court order for iExtend to apply for an AFSL
ASIC has accepted a court enforceable undertaking from iExtend after investigating concerns it was operating a financial services business without an Australian Financial Services Licence.
Mercer fined $12 million for fee disclosure failures
The Federal Court has ordered Mercer Financial Advice pay a $12 million penalty after being found to have failed in its fee disclosure obligations and charging fees to customers it was not entitled to charge.
MLC Life hires three in distribution team
MLC Life Insurance has made three appointments in its northern region retail distribution team.
ASFA names former HESTA executive Mary Delahunty as CEO
The Association of Superannuation Funds of Australia has appointed former HESTA executive Mary Delahunty as CEO.
Rest commits $1 billion to green data centres
One of Australia’s largest industry super funds, Rest, has invested $1 billion in green data centres via renewable and clean energy infrastructure manager Quinbrook Infrastructure Partners, committing to further the sustainable digitisation progress.
AusSuper CIO: Market ‘too pessimistic’ about China’s economy
Mark Delaney, chief investment officer of mega-fund AustralianSuper, thinks the current media and market narrative around China’s supposed structural decline is “too pessimistic”. At the fund’s annual meeting on Tuesday, he told his members why China will “do a bit better than people anticipate” and portfolio managers shouldn’t write off the emerging market just yet.
Coredata appoints Dean Thomas as APAC head
Coredata Research has appointed Dean Thomas as CEO of CoreData APAC.
High emitters ‘a part of the solution’ for net zero: Robeco
Investors who think the world can get to net zero by not funding high emitters are not seeing the full story, according to sustainable index leader, Frank Wirds, at the $297 billion asset manager Robeco. During a keynote speech at the Fiduciary Investors Symposium, he said companies with high carbon footprints are a “part of the solution, not only the problem”.
The best of financial planning in Australia recognised at inaugural FAAA Awards
The Financial Advice Association Australia (FAAA) has announced the 2023 winners of the inaugural FAAA Awards across six professional categories.
