‘Enjoyed almost every minute’: ART CEO Bernard Reilly bows out

The inaugural chief executive of Australian Retirement Trust, Bernard Reilly, has urged industry peers to throw their hats in the ring to run the $260 billion fund, saying its “purpose-led” team has laid a foundation for enormous national and global impact. The former State Street executive has stepped down almost two years after the mega-merger of Sunsuper and QSuper, but is expected to stay in the financial services industry.

AustralianSuper taken to court over 90k member account failure

Australia’s largest super fund has been taken to court by the corporate regulators over failures to implement proper procedures to identify members holding multiple accounts within the fund. The misconduct, which was self-reported to the regulators, covers almost a decade of lack of oversight affecting approximately 90,000 members.

Ten forestry companies unite to address climate change

Ten major forestry companies – responsible for overseeing nearly 9 million hectares (22 million acres) of forests across 27 countries – have united as the International Sustainable Forestry Coalition to address climate change, biodiversity loss, and deforestation.