The board and senior management of $115 billion industry fund UniSuper have signed off on a strategy that frames financial advice as equally important to the fund’s mission statement as investing prudently on their members’ behalf.
Financial services software company Bravura Solutions has appointed Greg Johnson as global head of product as it continues to transition to a product-centric organisation.
The Financial Advice Association has launched its inaugural FAAA Awards program, designed to recognise members who deliver the highest standards of professional and trusted advice to Australian consumers, and those who are going above and beyond to support their local communities.
Profit-for-member fund Rest has estimated that up to 260,000 of its members are now receiving their full super entitlements due to the removal of the monthly income threshold of $450 on 1 July 2022.
AMP has agreed to settle the shareholder class action brought after the Hayne royal commission in 2018 for $110 million.
Colonial First State has appointed John Iles and Al Clark as head of cash management and derivatives, and head of investments, respectively.
Zenith Investment Partners chief executive David Wright will step down from his role at the end of year and transition to the role of investment director.
ASIC has made several executive appointments to its leadership team across markets supervision and small business enforcement.
Developing a scalable mechanism through which super funds can direct members to suitable retirement solutions — while being cognisant of the personal financial advice laws — has become one of the nation’s most pressing policy challenges. But after years of slow progress, the 2023 Retirement Conference discussed some promising solutions.
Time is running out to keep warming to 1.5°C above pre-industrial levels, so it’s pleasing to see progress by listed Australian companies on net zero pledges and climate-related disclosures. But there are still big gaps on transparency and comparability.
Rich Nuzum, the global chief investment strategist at Mercer, says superannuation funds must resist pressure from government to bankroll national and social infrastructure. While some community projects such as social housing can stack up on pure investment grounds, investment teams and boards need to safeguard themselves against political risks.
Almost a year after the previous case was dismissed, the Federal Court has once again found in favour of CBA and CFS over alleged breaches of conflicted remuneration laws relating to distribution of MySuper product Essential Super.
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