Insignia Financial and Colonial First State ceased their membership of the troubled Association of Superannuation Funds of Australia in recent months. The exit of two major members is expected to result in a financial hit of at least $150,000 for the peak body and follows a round of staff redundancies.
Some asset owners are kidding themselves that just owning a portfolio of equities can be considered “impact investing”. Simply allocating capital to impactful causes, and having an intention to do good, falls short of the definition. True impact investors embrace a “theory of change” (and avoid slick marketing claims).
COG Financial Services has acquired 19.99 per cent of Centrepoint for $13 million, just days after pulling its rival offer for Diverger.
Count has amended its binding scheme implementation agreement to acquire Diverger, announced in September and due to be completed in February.
Bridgewater Associates’ portfolio strategist, Atul Lele, has predicted that a shift from the pro-corporate, pro-liquidity, pro-growth, disinflationary environment would significantly hinder the growth of most traditional portfolios in the coming years. In a keynote speech delivered to Fiduciary Investors Symposium, he urged investors to start building resilience.
The government has introduced a bill to legislate the objective of superannuation to parliament on Thursday.
Industry fund Rest has appointed Enrico Burgio as head of public policy, as part of its focus on supporting policy and regulatory outcomes in the best interests of its growing membership, according to an update from the fund.
MetLife Australia has signed a three-year deal with global conservation leader Australian Wildlife Conservancy (AWC) on a partnership to conserve Australian native animal species and the habitats in which they live.
AMP will be launching a digital bank offer designed for small businesses and sole traders in Q1 of 2025.
For some institutional investors, agribusiness and forestry assets bring back memories of the global financial crisis. But looking at it today, the potential diversification and monetisation benefits, alongside widespread net zero commitments, merits another look at the developing asset class of “natural capital”.
The Supreme Court of New South Wales has approved the settlement for the shareholder class action brought against AMP after the Hayne royal commission in 2018 for $110 million, according to an update from class action law firm Maurice Blackburn.
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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.
