New Zealand’s responsible investment market now accounts for more than half of the country’s total managed funds universe for the first time, reaching a record NZ$183 billion (A$172 billion) in 2022. The finding by the Responsible Investment Association Australasia (RIAA) stands in stark contrast to the local market, which experienced a 14 per cent contraction in 2022.
TAL group CEO and managing director Brett Clark has announced new executive leadership appointments, effective immediately, within the Group Life & Retirement business, Individual Life business, and Technology.
SuperConcepts has released a trustee dashboard innovation called SuperMate Client View, offering SMSF clients a refreshed user experience that provides fund trustees with access to key information as well as an all-new communications channel for faster, end-of-year technical query completion.
The Council of Australian Life Insurers (CALI) has announced the inaugural recipients of its ReCALIbrate grants program.
Wealth platform provider Mason Stevens has appointed David Macri as head of asset allocation.
Allianz Retire+ has appointed Justine Marquet as head of technical services.
Labor has acted on its multi-year ambition to subject the sovereign wealth fund to the same portfolio holdings disclosure requirements as super funds. But transparency advocates like Morningstar’s Annika Bradley say the previous government’s efforts to “water down” the disclosure regime makes the move less impactful.
The head of active equities at CPP, Frank Ieraci, says the $662 billion Canadian pensions giant is experimenting with technology, including artificial intelligence-backed applications to identify the true drivers of stock prices.
Nobel Prize-winning economist Myron Scholes told the Fiduciary Investors Symposium at Stanford University that the focus of asset owners needs to shift from measuring risk to managing it, to avoid the downside while capturing the upside and allowing compounding to do its thing.
UniSuper, alongside the UK’s Pension Protection Fund and a subsidiary of Dutch pension fund ABP, have acquired a 170,000-hectare hardwood plantation in Tasmania from asset manager New Forests for an undisclosed sum.
Just as institutional investors sought certainty on climate change policy so they could begin work on decarbonisation, so too should they back the referendum on constitutional recognition of First Nations Australians, so we can get on with reconciliation.
The Association of Superannuation Funds of Australia (ASFA) on Wednesday Leeanne Turner as interim CEO of the association. Gary Dransfield has also been reappointed chair.
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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.
