State Street opens new headquarters, brand refresh
State Street Corporation has opened its new global headquarters building at One Congress Street, located in the Bullfinch Crossing area of downtown Boston, US.
Offshore expansion is a quantum leap for Aussie funds
As Australian super funds continue to grow and become too big for the Australian marketplace, the expansion of our offshore footprint is becoming a solid trend in the industry.
Active management shines again: Mercer
After a stretch of underperformance that questioned its worth, equity active management is delivering again, according to Mercer research.
Maple-Brown Abbott gets Future Fund small caps mandate
Maple-Brown Abbott has been chosen by the Future Fund to execute a new Australian active small caps mandate as they selectively pursue alpha-seeking strategies in their $65 billion listed equities program.
Federal Court fines NAB $2.1m for unjust banking fees
The Federal Court has ordered NAB to pay a $2.1 million penalty for wrongly charging customers periodic payment fees.
Four steps for super funds to meet the retirement challenge
To adopt best practice in retirement, super funds need to make it a top priority, resolve their organisational structure, implement strong executive-level leadership and consider the creation of a retirement committee.
APRA announces proposed updates to SPS 515
APRA is updating Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) to drive better outcomes for superannuation members in areas such as trustee expenditure of member funds, management of financial resources, and the transfer of members in and out of funds.
New reporting standards nature related investments gives confidence to investors
New reporting recommendations that will make it easier to assess companies’ treatment of nature-related risks have been welcomed but are likely to involve a steep learning curve for institutional investors and companies alike, with even more onerous reporting possible down the line.
HESTA welcomes Victoria’s 2024-34 Housing Statement
Industry super fund HESTA has welcomed the Victorian Government’s 2024-34 statement on housing and the partnership approach to foster the conditions necessary to stimulate investment and expedite the construction of high-quality homes.
Global housing resilient amid inflation surge: UBS Report
The world’s housing markets have displayed remarkable resilience in the face of a global surge in inflation and interest rates, according to the UBS ‘Global Real Estate Bubble Index 2023’.
ASIC sues crypto exchange Kraken for DDO failures
ASIC has commenced civil penalty proceedings in the Federal Court against Bit Trade, the provider of the Kraken cryptocurrency exchange to Australian customers.
MLC Life launches adviser discounts
MLC Life Insurance has launched a campaign called “It’s not a miscount” to promote its new business pricing, including discounts that are available to retail customers through their adviser.
