Challenger signs its first sponsorship deal in Australian sport
Investment management firm Challenger has signed on as an exclusive three-year naming rights partner of the PGA Tour of Australasia – its first sponsorship deal in Australian sport.
Allianz Retire+ launches group retirement solution
Allianz Retire+ has launched Guaranteed Income for Life, a group retirement solution that allows super funds to offer a streamlined and thorough retirement experience to members while targeting specific cohorts.
Govt warned against ‘set and forget’ group insurance policy
The Financial Services Council has urged the federal government to expand its oversight of group insurance arrangements with super funds amid concerns about services standards and consumer complaints about claims handling. The case is made in an unpublished submission to Treasury’s objective of superannuation consultation, seen by Investment Magazine.
Betashares to continue managing insto money after super foray
Betashares will keep working with all of its existing clients, including a handful of superannuation funds, after it enters the market itself with the pending acquisition of Bendigo Bank’s super business. The move bucks the trend set by rival Vanguard, which abandoned an estimated $100 billion worth of segregated mandate accounts ahead of its retail super push.
APRA and ASIC release FAR info package
APRA and ASIC have jointly released a comprehensive information package to assist the financial services sector in implementing the Financial Accountability Regime (FAR).
How megatrends will reshape the planet (and your portfolio)
Megatrends are the forces that will shape our planet, our society and our lives decades into the future. The Fiduciary Investors Symposium at Stanford University heard Megatrends provide potentially rich pickings for investors, as long as they know how to use them.
Vale AIST: Tributes flow for ‘advocate of fairness’ in super
After 31 years representing funds in the profit-to-member sector, the Australian Institute of Superannuation Trustees has officially entered voluntary liquidation to pave way for the creation of the new Super Members Council of Australia. Former AIST directors say the association has left a legacy both in the industry and in national life.
Paul Watson to leave Hostplus in November
Hostplus group executive of member experience Paul Watson has announced his decision to step down from his role in late November.
UniSuper invests in Asian equities through Man GLG
Industry super fund UniSuper is now investing in Asia ex-Japan equities through Man GLG, the discretionary fund management unit of publicly-traded hedge fund Man Group.
Affinia firm moves to Count licence
Former Affinia-aligned firm Tribel Advisory has joined Count’s AFSL network, one of the first to do so since the acquisition from TAL in May.
Politics trumps profit motivations for investors: Bridgewater co-CIO
Bridgewater Associates co-chief investment officer Greg Jensen said government policy has steadily increased in influence over the economy and portfolio construction over the past 20 years and now outstrips the importance of private sector incentives. The pace of deglobalisation is a key trend for institutional investors to keep abreast of, he says, as the US races towards another presidential election cycle.
FEAL appoints NGS Super CEO to board
The Fund Executives Association (FEAL) has appointed NGS Super CEO Natalie Previtera to its board of directors, replacing Jo Townsend, who is retiring.
