The corporate regulator has taken HESTA to task for alleged “misleading marketing” regarding 10-year performance figures in its ‘balanced growth’ option. But while ASIC is right to insist funds advertise transparently and accurately, the adjacent issue of risk categorisation and product labelling warrants more of its attention.
The Responsible Investment Association Australasia estimates that 84 per cent of investment managers had engaged with investee companies on human rights including modern slavery, making it the top priority after climate change. But there is little evidence that engagement by asset owners is resulting in meaningful change.
Allianz Retire+ has appointed Catherine van der Veen and Lucy Foster as joint heads of group retirement solutions client delivery, a newly created position.
ASIC has overseen $17.4 million in compensation payments to over 2000 retail clients due to financial services law breaches by eight retail over the counter (OTC) derivative issuers.
Industry super fund Rest has appointed Richard Mercado as its head of internal global equities, tasked with building an internal global equities management capability.
Research house SuperRatings estimated that October will see super funds post negative investment performance, continuing a downward trend for the third consecutive month.
Research from Colonial First State has found that Australian consumers are confused by sustainability claims and cannot differentiate between ESG investment options.
The Financial Advice Association has appointed Louise Trevaskis as head of university and student programs as part of its strategy to bring more graduates into the financial planning profession.
Capital markets platform Complii Fintech Solutions has partnered with investment platform Praemium to actively engage in cross referrals, encouraging clients to explore the comprehensive services offered by both businesses.
Year-on-year risk inflows rose 2.1 per cent in FY23 compared to the previous financial year, but risk sales finished down according to data from Plan for Life.
ASIC has released the new “investor alert list” so that consumers can check if an entity they are considering investing in is unlicensed, fraudulent, or a scam.
While most Australians are taking steps to strengthen their financial situation, many need additional support to achieve their financial goals and get ready for retirement, according to research from MLC.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
