Life insurance industry doubles profit in FY23
Australia’s life insurance industry doubled its profits to $1.2 billion in FY23, according to KPMG’s annual market review.
Equip Super names former Suncorp CEO as new chair
Equip Super has appointed Michael Cameron as its chair, replacing outgoing chair Danny Casey, who stepped down after six years in the position.
Capital Group appoints two former PIMCO portfolio managers
Asset manager Capital Group has made two senior appointments in its Asia-Pacific fixed income team.
There’s much more to governance of unlisted assets than valuation
Funds have been directed to improve their governance around unlisted assets. While valuation governance has been a focal point, the implications for portfolios also need attention, and specific scenario analysis is strongly recommended.
Embracing technology can enhance social licence for asset owners
Global pension funds have little choice but to embrace cutting-edge technology and integrate it into their investment processes. Not doing so risks letting members down, says Eduard van Gelderen, CIO of Canadian giant PSP.
ClearView partners with Osara Health to support claimants affected by cancer
Life insurance company ClearView Wealth has partnered with cancer support and education provider Osara Health to give claimants access to a digital health care program to help improve their health and well-being.
Former NAB, AMP executive joins AFCA board
Financial services leader Swati Dave has joined the independent board of the Australian Financial Complaints Authority (AFCA).
How to truly help decarbonise the economy (not just your portfolio)
As asset owners attempt to meet their net zero commitments, many have eliminated or reduced exposure to high-emitting assets. But global consensus is arguably moving behind managed phaseouts and other strategies to support real decarbonisation, not just honouring individual pledges.
Super at the epicentre of advice for Australians
At the Conexus Retirement Conference in August this year, APRA deputy chair Margaret Cole outlined the need for super funds to prioritise retirement as much as accumulation by pointing out that a further three million fund members will become eligible to draw from their super in the next 10 years.
PGIM Real Estate launches research lab RealAssetX
PGIM Real Estate has launched a research and innovation lab, RealAssetX, to develop new real assets technologies through university partnerships.
Future Fund changes investment team structure
The Future Fund has adjusted its investment team structure with the appointment of joint deputy CIOs.
MSCI acquires specialist carbon markets researcher Trove
Global finance index and tools provider MSCI has acquired Trove Research, a specialist data, analysis and advisory firm.
