Mandates with large employers contributed $648 million in net flows to Insignia Financial’s funds under administration in the last quarter of FY23. CEO Renato Mota says 11 of the ASX 30 are clients of the wealth giant’s workplace super business, and he wants to attract more of them.
The Bentham Global Income Fund has been added to the CFS First Choice platform.
Magellan Financial Group has appointed former Janus Henderson executive Andrew Formica as a non-executive director.
Pengana Capital Group has appointed Mercer as an investment adviser on the portfolio construction of Pengana Credit, its recently launched private credit arm.
After two years in the role, AMP chief investment officer Anna Shelley is seizing control of the investment function after years of reliance on AMP Capital. She is investing in private markets and asset allocation expertise, while simultaneously placing more business with specialist managers.
Global fintech GBST has nabbed Advice Intelligence after major investor Regal Funds Management withdrew its holding in the company.
Financial planning business coaching service Slipstream Group has appointed Nina Forbes as a business coach.
Virtual Business Partners has appointed Daniel Harrison as technical lead of accounting.
Treasurer Jim Chalmers has thanked Australian Retirement Trust and QIC for their $150 million investment in social housing in Queensland, as he expanded on his vision that superannuation funds invest in “big national priorities” that can also generate returns to members. The compulsory super system is a gift to Australia’s economy, Chalmers said, adding he wouldn’t trade it with any other nation.
ASIC has taken legal action against Vanguard Investments, accusing the investment manager of allegedly misleading conduct relating to ESG claims of one of its fixed income products.
Insignia Financial will sell its friendly society investment bond business, IOOF Ltd, to Australian Unity with the proceeds being utilised to further reduce net debt.
Industry super fund Aware Super has moved over one million members onto a single technology platform, Bravura Sonata Alta, which included the phasing out of paper-based legacy systems.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
