Asset owners cannot ‘divest climate risk’: IGCC

Rebecca Mikula-Wright, CEO of the Investor Group on Climate Change, said asset owners around the world need to quickly get up-to-speed on the “least-understood risk in the economy”. Local funds are hoping the Australian government’s planned decarbonisation pathways and taxonomies will help give them clarity and confidence.

Treasury to probe retirement as intergenerational report drops

Treasurer Jim Chalmers is expected to kick off a public consultation about retirement income settings, as the landmark intergenerational report shows superannuation will take significant pressure off the age pension over the next four decades. The Conexus Institute’s David Bell says no major DC pension system has successfully pulled off the transition from accumulation mode.

BRICS alternative to US dollar a risk for insto investors

China’s clash with the US creates a slew of currency, geopolitical, climate and military risks for Australia, says Vikram Mansharamani. In an interview on the sidelines of the Portfolio Construction Forum Strategies conference in Sydney, the analyst and Harvard lecturer says institutional investors can’t just ignore them.

Albanese says nation-building consistent with super’s purpose

In an exclusive interview with Investment Magazine, Prime Minister Anthony Albanese says superannuation is an “extraordinary national asset” that should play a critical role in supporting long-term social infrastructure. The government’s proposed purpose of super would preserve retirement savings from raids, he says, while allowing capital to be deployed to national priorities.

Financial services leaders urged to back the Voice

Prime Minister Anthony Albanese has called on industry leaders to honour the business community’s “proud history” of support for reconciliation with First Australians, encouraging them to back the referendum to establish an Indigenous Voice to Parliament. It comes as Conexus Financial throws its support behind the ‘Yes23’ campaign.