As global consensus shifts behind active ownership as best practice on ESG, Australian Ethical says it will engage heavily with companies this AGM season, and was part of the consortium that had stern words with Boral over its carbon emissions commitments. But the fund’s ethical stewardship lead, Amanda Richman, says it will still use the “blunt tool” of dumping stock where necessary.
Asset owners will be on a steep learning curve working out how their investment portfolios interact with – and impact – nature. They should start preparing now to meet the recommendations of the Taskforce on Nature-related Financial Disclosures.
Financial advisers must be increasingly nimble, agile, and flexible in the current volatile economic and geopolitical environment, according to Asia Group partner and chair Arthur Sinodinos.
CFA Institute has announced that of 16,035 candidates worldwide who sat for the Level III Program exam in August 2023, 47 per cent passed.
Australia has shifted from being a capital importer, which it has been for most of its history, to a capital exporter. And as the sector has grown exponentially and turned to global markets for investment opportunities, superannuation funds are a big part of the story.
Superannuation funds continue to struggle with limited resources to pay out claims in a timely manner, prompting a spike in complaints. Ombudsman Heather Gray has urged funds to review their processes and procedures.
ASX-listed advice group WT Financial Group has appointed Chelsea Pottenger as a non-executive director, replacing Michael Harrison, who is retiring from WTL to focus on external commercial interests.
TelstraSuper has launched a new retirement income product, RetireAccess Lifetime Pension, designed to give retirees more confidence to spend money without fear of their savings running out or being eroded.
Magellan Financial Group CEO and managing director David George has departed the business. The group has appointed a new executive chairman, Andrew Formica, while it searches for a replacement.
Independent private wealth firm Minchin Moore has appointed former Morningstar Australia and New Zealand managing director Jamie Wickham to its team.
ETF manager Betashares has launched Betashares Direct, a platform with zero brokerage fees for self-directed retail investors looking to invest in any ETF on the ASX.
Fidelity International has launched the Fidelity Global Long Short Fund in Australia.
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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.
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