Australia’s ESG practices have scored over 50 per cent in ASFI’s annual industry tracker, after failing in its first two editions. Minister for Financial Services Stephen Jones said sustainable finance was a political and economic issue that is “not going away”.
Share-trading fintech Superhero has hired three senior executives from across the wealth management industry, recruiting talent from big-name rivals. The raid sends a message that it is serious about transforming from a discount broker to Millennial and Gen Z investors into a player in the $3.3 trillion superannuation system.
The Federal Court has found that Diversa Trustees did not fail to act efficiently, honestly, and fairly or fail to take reasonable steps to ensure its representatives complied with financial services laws. ASIC had alleged that Diversa broke the law by allowing Australian Super Finder, the Australian Dealer Group, and financial adviser Nizi Bhandari to … Read more
Experienced super industry leader Melinda Howes has joined AMP as its group executive for superannuation and investments.
Ares Management Corporation has appointed Will Farrant as a partner in the Ares Credit Group.
Investment company Capital Group has appointed Benno Klingenberg-Timm as head of institutional for Asia and Europe Client Group (EACG).
Morningstar has appointed former Adviser Ratings CEO Mark Hoven as senior vice president of enterprise sales.
Brett Jollie has become been appointed as a partner of investment and wealth management consulting firm KONU.
When it comes to moving to a net zero or decarbonised economy it is hard to argue against a ‘just transition’. The alternative, after all, is an ‘unjust’ one. But institutional investors don’t seem to be across the emerging concept.
In a closed-door meeting with superannuation executives, regulators APRA and ASIC have given the sector another prod to address the lack of appropriate retirement offerings for their members, revealing APRA will be surveying funds in coming months to assess progress. The watchdogs have also urged funds to get on with preparing for the climate-related financial disclosure regime commencing next year.
Just half of the 180,000 businesses that Australian Retirement Trust holds works with only pay their employees’ superannuation once a quarter, with another 40 per cent paying it monthly. But new legislation put forward by the Albanese government will force them to pay it as often as monthly, sparking a raft of digital and operational challenges.
Conexus Financial, publisher of Investment Magazine, has announced a number of new appointments as it relaunches the title as the leading publication for executives in Australian superannuation and institutional investment.
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.
