Individual funds are no longer shy to flex their capital to make a point in the boardroom, as evidenced by AustralianSuper upping its stake in Origin Energy to oppose a proposed takeover. The trend has implications for the role traditionally performed by the Australian Council of Superannuation Investors.
Mercer has announced the transition of BT’s Private Portfolio Management business from Westpac Group to Mercer has been successful.
Diversity Council Australia has recognised life insurer MetLife Australia as an inclusive employer for the second time.
ETF manager Betashares has appointed financial services executive Hugh Stevens as executive director, responsible for a range of growth, distribution, and strategic initiatives as part of the firm’s New Zealand expansion. Stevens has over 20 years of experience in financial services and funds management, working across structured debt, project finance, alternative assets, superannuation, and PIE … Read more
APRA chair John Lonsdale has given superannuation funds, banks and insurers another prod to improve “foundational issues” in cybersecurity, explaining the regulator will no longer entertain underpreparedness from the financial sector.
Sterling Group founder Raymond Jones, his son Ryan Jones, and director Simon Bell are each facing several criminal charges following ASIC’s investigation into the Sterling Income Trust (SIT) and the collapse of the Sterling First group of companies.
Technology start-up Elan has launched financial planning software designed exclusively for Australian financial advisers.
More than 40 per cent of clean energy projects needed to have a shot at achieving net zero are expected to be built on Indigenous land. That creates an immense opportunity for First Nations communities to partner with institutional investors on projects in which they have a genuine ownership stake.
Link Group, a major provider of administration services to super funds, has restated its half year and full year financial report for 2023, after ASIC raised concerns about several “material misstatements” of its assets and settlement costs.
Institutional investors are a key plank of Treasurer Jim Chalmers’ plan to make Australia an “energy transition superpower”, as the government calls on business to take advantage of its new 12-point sustainable finance strategy. The consultation comes as Environment Minister Tanya Plibersek is announced as the next speaker in the Conexus Financial Political Series.
Count subsidiary firm Twomeys has acquired Canberra-based accounting firm Allan Watt Accounting (AWA).
Professional services company AZ NGA has acquired outsourced human resources company Catalina Consultants as part of its plans to build out the range of business support solutions it offers its expanding network of financial advisory and accounting firms.
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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.
