Rest chief investment officer Andrew Lill is prioritising renewable energy assets as part of its alignment to Sustainable Development Goals. The fund has committed capital to Octopus Australia’s OASIS fund, adding to its existing wind farm and green energy equity exposure.
Australian super funds have been active in pressuring companies about their green credentials, but the shoe is now firmly on the other foot as funds themselves come under increasing scrutiny and pressure from regulators over claims made to market funds to current and prospective members. And they’re not likely to be treated leniently.
South Australian government-owned investment corporation Funds SA has appointed its chief operating officer John Piteo as CEO following an extensive search process.
SuperConcepts has appointed Craig Stone as general manager of quality and technical services.
Elixir Consulting is launching a practice management research study to uncover practical techniques that can redefine efficiency and productivity norms within the industry, and ultimately improve the impact advice firms have on their clients and staff.
ASIC has permanently banned former van Eyk Research CEO Mark Thomas from any involvement in financial services or credit provision following his conviction for dishonest conduct.
Accounting and financial services firm hmh Advisory (formerly Haines Muir Hill) has partnered with OpenInvest to launch hmh onlineinvest.
Count has appointed Keith Leung as chief financial officer, replacing Laurent Toussaint, whose departure from the role was announced in July.
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.
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 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.
Hybrid advice business Life Sherpa has partnered with OpenInvest to launch a managed investment portfolio solution for lower balance accounts.
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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.
