HESTA’s CIO Sonya Sawtell-Rickson says sticking to the Sustainable Development Goals (SDGs) guidelines has actually helped the fund stay ahead of the risk-return curve, rejecting the perspective that institutional investors have to sacrifice returns for sustainable finance objectives.
Australian Retirement Trust has appointed Jody Fitzgerald as head of investment resilience and planning, in a newly created role.
Advisers who are a relevant provider and a registered tax agent now satisfy the definition of a ‘qualified tax relevant provider’ without having to meet the requirements of Division 3 of Part 3 of the Relevant Providers Determination, according to an update from ASIC.
Ageing populations in the west causing shrinking of the workforce, mismatches in jobs and qualifications, and the rise of new technology is all contributing to the transformation of the labour markets, according to PGIM’s latest megatrends report. Participant: • Jakob Wilhelmus, director at PGIM’s Thematic Research group Moderator: • Julia Newbould, managing editor at Conexus … Read more
Ageing populations in the west causing shrinking of the workforce, mismatches in jobs and qualifications, and the rise of new technology is all contributing to the transformation of the labour markets, according to PGIM’s latest megatrends report. Participant: • Jakob Wilhelmus, director at PGIM’s Thematic Research group Moderator: • Julia Newbould, managing editor at Conexus … Read more
Asset manager Quinbrook Infrastructure Partners has launched a digital platform, Quintrace, to help customers trace, audit and report their hourly carbon footprint.
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.
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.
Mercer has announced the transition of BT’s Private Portfolio Management business from Westpac Group to Mercer has been successful.
Diversity Council Australia has recognised life insurer MetLife Australia as an inclusive employer for the second time.
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
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.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
