Scarce valuations, poor valuation methodologies and long redemption windows call into question whether members are getting a fair deal, experts say, as APRA signals higher standards are due.
Federated Hermes has appointed Sian Long as investment director of impact and sustainable equity strategies. Long has 15 years of investment experience, and has presented and delivered long-term asset growth in impact and sustainable equity strategies across institutional and wholesale clients. Before joining Federated Hermes, Long worked as a senior equity investment specialist for AXA … Read more
Global asset manager Nuveen has launched the Global Cities Real Estate Fund, its first locally-domiciled unit trust for Australian private wealth clients. Nuveen partnered with Commonwealth Private as an anchor investor to launch the strategy, with CBA seeding the vehicle. The strategy forms part of the real estate portion of Commonwealth Private’s model portfolios for its … Read more
Building on the relationship with Mercy Super, Grow Inc. will supply administration services to HESTA.
Ben Keeble will replace Peter Anderson as CEO and managing director of Dixon Advisory parent company E&P Financial Group at the start of next year. In an announcement to the ASX, the company said this was in line with a long-term succession plan. Keeble is currently head of capital and has over 25 years of … Read more
Profit-to-member superannuation fund Rest has taken another step towards its impact investment target with an investment in specialist private equity firm ARCHIMED. The European-based company invests exclusively in healthcare industries to drive sustainable development and improve people’s health and economic status. ARCHIMED finds, supports, and scales up companies that have a mission to improve health … Read more
Consolidation has led to both the need and the capability for super funds to look offshore for investment opportunities. A new report from JP Morgan highlights both the opportunities and the challenges.
ASIC is warning superannuation trustees to effectively consolidate duplicate member accounts after a recent review of nine trustees identified poor practices that led to consumer harm. Of the nine trustees reviewed, three did not have documented business rules for identifying and consolidating multiple accounts on an annual basis across some or all of their funds. … Read more
BlackRock Alternatives has raised over $500 million to aid in the development of the NSW Waratah Super Battery. Funds managed by BlackRock’s infrastructure team will also help finance the construction of the WSB, which is a significant component of the project, a System Integrity Protection Scheme designed to act as a ‘shock absorber’ in the … Read more
National dealer group Spark Financial will begin operating as a profit-for-purpose organisation when it launches its Spark Legacy Program in the upcoming financial year. The operating model aims to improve financial literacy among young Australians, and Spark will be donating 100 per cent of its profits to nominated charity partners, the first of which will … Read more
Allianz Retire+ has received an ‘approved’ rating for its longevity solution AGILE from Lonsec Research. Lonsec determined AGILE to be a thoughtfully-considered and well-designed product that can assist retirees in overcoming the longevity risk by providing a steady or rising income stream over an investor’s lifetime. The solution was developed in consultation with the adviser … Read more
The corporate regulator has announced its cost recovery implementation statement for FY23, which estimates a $3217 per adviser figure in addition to the $1500 flat fee. Earlier this week, the Labor government announced the end to the ASIC levy freeze implemented in 2021. The announcement was accompanied by the final report of the Treasury review … Read more
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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.
