ART aims to double sustainable investments team
Industry super fund Australian Retirement Trust is aiming to double the size of its sustainable investments team, with eight new roles planned.
Former ASFA head picks up MD role at Accenture
Former Association of Superannuation Funds of Australia CEO Martin Fahy has joined technology and consultancy group Accenture as managing director for strategy and consulting.
GBST targets super funds with digital financial advice deal
GBST’s acquisition of Advice Intelligence will help leverage the digital advice provider’s services to the institutional market amid growing expectations that super funds provide more advice.
The climate disclosure rules keeping asset owners up at night
Institutional investors have broadly welcomed the advent of a mandatory climate disclosure regime, but the reality is they face a slew of new and complex governance, risk management, planning and testing requirements. It is little wonder HESTA CEO Debby Blakey has called the net-zero push the “biggest transition any of us will be involved in”.
TelstraSuper revamps MySuper lifecycle
TelstraSuper will raise the ages for member exposure to growth assets for its MySuper lifecycle products.
Mirae injects funds into Stockspot
Robo-adviser Stockspot has received a major strategic investment from asset manager Mirae Asset Global Investments.
Challenger bullish on insto annuity sales amid slow RIC progress
Challenger says inking deals with super funds to provide guaranteed income products to members remains a priority, as it reports institutional sales of $5.4 billion in FY23 and partnerships with Telstra Super and Aware Super. About half of super trustees are believed to have a longevity solution in place for members, with that number expected to grow as they race to meet their obligations under the retirement income covenant.
Members starting to switch due to poor experience
Research house CoreData says members with high account balances are starting to leave funds if they are not getting the level of service they expected. The data on member switching comes as regulators and the federal government pressure funds to improve customer service.
ASIC proposes to extend DDO instrument
ASIC is inviting industry feedback on a proposal to extend the operation of the ASIC Corporations (Design and Distribution Obligations Interim Measures) 2021/784 instrument for a further five years.
IFS partners with BCG to improve education & advice
Industry Fund Services has partnered with global consulting firm Boston Consulting Group to help improve how profit-to-member super funds find new ways to improve the delivery of financial education and advice.
Franklin Templeton launches its first alternatives fund
Investment manager Franklin Templeton has launched the Franklin K2 Athena Fund, its first alternatives fund.
MFS appoints head of operations in Australia & New Zealand
MFS Investment Management has elevated Josh Barton to the role of managing director and head of operations in Australia and New Zealand, replacing Marian Poirier, who will retire next year.
