Rest appoints CFO
Rest has appointed John O’Sullivan as its chief financial officer, after he led the division during the recruitment process.
Integro Private Wealth makes pair of appointments
Western Australian advice Integro Private Wealth has appointed Adam Pontague as a private wealth adviser, aligned with the firm’s continued expansion and heightened demand for private wealth services.
NZ Super Fund appoints acting CEO
The Guardians of NZ Superannuation, the crown entity that manages the $65 billion NZ Super Fund, has named Paula Steed as acting CEO, moving from her current role as general manager of strategy and shared services.
AMP appoints two non-executive directors to board
AMP has appointed Kathleen Bailey-Lord and Anna Leibel as independent non-executive directors to the board.
COP28 puts spotlight on carbon capture and storage claims
Carbon capture and storage (CCS) is being promoted by the mining lobby as one of the keys to a net zero economy. But should asset owners and managers be setting much store by what fossil fuel companies say on the matter, and is the campaign backed by science?
Compare the pair: How AusSuper and UniSuper stack up on internalisation
Two of Australia’s largest institutional asset owners, AustralianSuper and UniSuper, both claim their major projects to internalise much of their investment management over recent years has paid off. But new research from Morningstar analyst Annika Bradley finds their portfolio composition, staffing and fee profiles make for very different case studies when comparing the pair.
‘Cold war’ with China the best of all possible outcomes
The Australian Government’s re-setting of the country’s relationship with China has been applauded by one of the world’s leading authorities on geopolitics and authoritarian regimes. Stanford University’s Professor Stephen Kotkin says of all the possible outcomes, a “cold war” is the best the West could have been hoped for.
The real estate CEO on a quest to make social housing investible for super funds
HESTA and AustralianSuper have heeded the government’s call to allocate capital to local housing affordability projects, but Super Housing Partnerships CEO Carolyn Viney is aware she needs to address concerns over lack of scale and pipeline of projects in the nascent asset class before she can convince some of their peers.
Drawdown knowledge gap exists among retirees: Survey
A study has found that among retirees who drew down their super at the minimum legislated rate last financial year, 19 per cent thought the number was a government recommendation, highlighting a gap in understanding about the requirements among the public.
OnePath penalised $5m for fees for no service
The Federal Court has ordered superannuation trustee OnePath Custodians to pay a $5 million penalty for making false or misleading representations about its right to continue charging fees, and for failing to provide services to members efficiently, honestly and fairly due to its misleading conduct and by deducting fees when not entitled to do so.
Allianz Retire+ released updates to longevity solution AGILE
Allianz Retire+ has updated its longevity solution Allianz Guaranteed Income for Life (AGILE), introducing two new options, Age Pension+ and Spouse Insured.
Inflation erodes Australians’ retirement confidence: MFS survey
More than half (59 per cent) of Australians said inflation has changed the way they think about retirement in the past 12 months, with 54 per cent opting for a more conservative investment approach, according to the 2023 MFS Global Defined Contribution Survey.
