Vanguard has been vocal in its support of the Quality of Advice Review recommendations, but says it has no plans to expand its advice services if the laws change, instead relying on simple tools and calculators. The comments by Vanguard Australia MD, Daniel Shrimski, come as the wealth giant prepares to launch a pension product by year’s end.
As diplomatic tensions between Australia and China start to improve, the chief investment officers of three pension funds abroad are re-evaluating their exposure to the world’s second-largest market. While they have concerns, the investors are resisting full divestment for now.
Colonial First State has appointed Suncorp Bank CEO Clive van Horen to the role of group chief executive officer, following an extensive global search.
Payton Capital has picked up Qualitas chief risk officer Robert McLellan for the same role.
Franklin Templeton has appointed Thakshi Wijesundara as senior institutional business director.
Industry super fund Australian Retirement Trust has launched its Net Zero 2050 Roadmap, outlining its commitments to achieving a net zero greenhouse gas emission investment portfolio by 2050.
Industry super fund UniSuper has appointed BNP Paribas’ Securities Services to provide triparty collateral management services for its global trading activity.
A recent research study by life insurer TAL has highlighted the impact of financial stress on employees and the role of financial literacy in mitigating it.
State Street Corporation has opened its new global headquarters building at One Congress Street, located in the Bullfinch Crossing area of downtown Boston, US.
As Australian super funds continue to grow and become too big for the Australian marketplace, the expansion of our offshore footprint is becoming a solid trend in the industry.
After a stretch of underperformance that questioned its worth, equity active management is delivering again, according to Mercer research.
Maple-Brown Abbott has been chosen by the Future Fund to execute a new Australian active small caps mandate as they selectively pursue alpha-seeking strategies in their $65 billion listed equities program.
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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.
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