Quinbrook launches carbon footprint reporting platform
Asset manager Quinbrook Infrastructure Partners has launched a digital platform, Quintrace, to help customers trace, audit and report their hourly carbon footprint.
TelstraSuper taken to court over complaints handling
ASIC has sued TelstraSuper over its alleged failure to meet the complaint handling requirements, marking the first case where the corporate watchdog sought to penalise a superannuation fund under the Internal Dispute Resolution (IDR) regime. It comes as regulators and the government heap pressure on funds over member experience.
ACSI’s plan to ‘remain relevant’ as member funds get louder
Individual funds are no longer shy to flex their capital to make a point in the boardroom, as evidenced by AustralianSuper upping its stake in Origin Energy to oppose a proposed takeover. The trend has implications for the role traditionally performed by the Australian Council of Superannuation Investors.
BT’s PPM transition to Mercer successful
Mercer has announced the transition of BT’s Private Portfolio Management business from Westpac Group to Mercer has been successful.
Diversity Council Australia reconfirms MetLife Australia as inclusive employer
Diversity Council Australia has recognised life insurer MetLife Australia as an inclusive employer for the second time.
Betashares appoints ED for NZ expansion
ETF manager Betashares has appointed financial services executive Hugh Stevens as executive director, responsible for a range of growth, distribution, and strategic initiatives as part of the firm’s New Zealand expansion. Stevens has over 20 years of experience in financial services and funds management, working across structured debt, project finance, alternative assets, superannuation, and PIE … Read more
‘Our patience has run out’: APRA warns funds on cybersecurity
APRA chair John Lonsdale has given superannuation funds, banks and insurers another prod to improve “foundational issues” in cybersecurity, explaining the regulator will no longer entertain underpreparedness from the financial sector.
Charges laid after investigation into Sterling Income Trust
Sterling Group founder Raymond Jones, his son Ryan Jones, and director Simon Bell are each facing several criminal charges following ASIC’s investigation into the Sterling Income Trust (SIT) and the collapse of the Sterling First group of companies.
Tech start-up launches financial planning software
Technology start-up Elan has launched financial planning software designed exclusively for Australian financial advisers.
First Nations co-investment is a win-win for asset owners
More than 40 per cent of clean energy projects needed to have a shot at achieving net zero are expected to be built on Indigenous land. That creates an immense opportunity for First Nations communities to partner with institutional investors on projects in which they have a genuine ownership stake.
Embattled Link Group restates financial report after ASIC probe
Link Group, a major provider of administration services to super funds, has restated its half year and full year financial report for 2023, after ASIC raised concerns about several “material misstatements” of its assets and settlement costs.
Treasurer enlists super funds for energy transition push
Institutional investors are a key plank of Treasurer Jim Chalmers’ plan to make Australia an “energy transition superpower”, as the government calls on business to take advantage of its new 12-point sustainable finance strategy. The consultation comes as Environment Minister Tanya Plibersek is announced as the next speaker in the Conexus Financial Political Series.
