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.
Bennelong Funds Management has partnered with Leadenhall Capital Partners LLP to distribute its insurance linked securities (ILS) strategies to institutional investors in Australia and New Zealand.
Investment platform Netwealth and fintech platform iCapital have entered a strategic partnership to distribute global private market and hedge fund investments to financial advice firms and their wholesale clients across Australia.
Despite the advent of legislation like the retirement income covenant, Australia is still being held back from having an A-grade pension system and lags behind four other jurisdictions due to a lack of compulsory retirement income stream requirements, Mercer and CFA Institute’s Global Pension Index has found. Mercer’s David Knox says Australia remains too focused on accumulation.
More than 18 months after the blockbuster merger of Sunsuper and QSuper to become the Australian Retirement Trust, the combined group’s CIO, Ian Patrick, said pursuing a “joined up” investment strategy across the various funds and options ART’s members consume is his top priority. But Future Fund CIO Alicia Gregory warned there can be downsides to a total portfolio approach in which decision-making is centralised.
Members of the Financial Advice Association Australia (FAAA) have elected three new directors to the association’s board, in the first elections since the former Association of Financial Advisers (AFA) and Financial Planning Association of Australia (FPA) merged earlier this year.
The nation’s largest super fund has emerged as a kingmaker ahead of ASX AGM season. But while its role in a string of M&A deals, including Brookfield’s bid for Origin Energy, has grabbed headlines, the active ownership focus was a deliberate strategy by the fund.
Funds that publicly backed the Voice to Parliament have vowed to continue efforts to support reconciliation with Indigenous Australians and said they had no regrets supporting the Yes campaign despite being out of step with a majority of voters.
Colonial First State (CFS) has partnered with Atchison, Drummond, and Russell Investments to expand the investment choice on CFS Edge with 25 new managed accounts.
Allianz Retire+’s retirement income solution, Allianz Guaranteed Income for Life (AGILE), will be added to HUB24 in Q4 of this year.
Aged care advice provider Aged Care Steps has launched its 2023 Aged Care Adviser of the Year Awards to recognise advisers working in an increasingly important advice area.
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.
