Former abrdn CEO joins consulting firm KONU
Brett Jollie has become been appointed as a partner of investment and wealth management consulting firm KONU.
It’s time to walk the talk on a ‘just transition’ to net zero
When it comes to moving to a net zero or decarbonised economy it is hard to argue against a ‘just transition’. The alternative, after all, is an ‘unjust’ one. But institutional investors don’t seem to be across the emerging concept.
APRA, ASIC put retirement and climate risk at top of super agenda
In a closed-door meeting with superannuation executives, regulators APRA and ASIC have given the sector another prod to address the lack of appropriate retirement offerings for their members, revealing APRA will be surveying funds in coming months to assess progress. The watchdogs have also urged funds to get on with preparing for the climate-related financial disclosure regime commencing next year.
ART warns employers ahead of ‘seismic’ payday super change
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.
Investment Magazine announces new appointments
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 and Leadenhall partner to distribute ILS strategies
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.
Netwealth and iCapital partner to distribute investments
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.
Australia’s retirement system still lags Israel, Iceland: Mercer
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.
How CIO Ian Patrick is steering the ‘Noah’s Ark’ of ART post-merger
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.
New directors elected to FAAA board
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.
Inside AustralianSuper’s active ownership strategy
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.
‘Not what we’d hoped for’: super funds lament Voice referendum result
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.
