Emergency services industry fund ESSSuper was the top-performing balanced super fund for the 2022-23 financial year, returning 13.3 per cent for its balanced growth option, according to researcher SuperRatings.
Sustainable investment-focused fund manager Nanuk Asset Management has appointed John Lobb as a portfolio manager. Lobb has over 32 years of experience as an equities analyst and portfolio manager. Before joining Nanuk, he was a global equities portfolio manager and senior analyst at Insync Funds Management. Previously, he held key investment positions at Orion Asset … Read more
Colonial First State will pay $100 million to settle a lawsuit claiming damages from grandfathered commissions and fees for no service. The outcome has been welcomed by applicants in the class action, despite the former CBA wealth arm not admitting any wrongdoing.
An independent review of APRA’s oversight of the superannuation industry, led by former Macquarie CEO Nicholas Moore, has recommended the prudential regulator improve its communications with trustees and proactively plan for systemic risks, such as valuation of unlisted assets. It comes as research shows super trustees are less satisfied with APRA than their banking and insurance peers.
MA Moelis Australia has appointed Paul Hissey and Tom Tweedie as executive director and vice president of its equity research team, respectively.
The Financial Regulator Assessment Authority has handed down a report into the effectiveness and capability of the Australian Prudential Regulation Authority. It found the prudential regulator plays a key role in ensuring Australia has a safe and stable financial system. But it also made five recommendations for APRA to improve its resolution function. The recommendations … Read more
Australia’s sovereign wealth fund is bullish on private equity and renewable energy, but its CIO office is getting nervous that inflation and volatile markets will make it “extremely difficult” for the fund to meet its stated investment objective. Here’s how it is preparing for the next five to 10 years.
The Australian ETF industry reached $150 billion in funds under management during June 2023, according to analysis of security exchanges ASX and CBOE by Betashares.
While some industry super funds are interested in expanding their advice offering post-QAR, many others are wary about meeting any potential further expectations to give advice and would rather steer clear of it.
Peak body ASFA is calling for the government to close the gap in retirement savings between women and men.
Specialist wealth platform provider Mason Stevens has appointed Laurent Toussaint as chief financial officer. He will commence in the role after he departs Count, which was announced yesterday. Toussaint will replace Wayne Twomey, who will work to ensure a smooth transition before his retirement. Toussaint has 25 years of experience in finance, mergers and acquisitions, … Read more
Global equities are the go-to choices for Australian investors, capturing a 22 per cent slice of the pie in the latest 100 funds launched by Equity Trustees. Of the 100 funds, there are 53 domestic fund managers and 47 global fund managers. Thirty-five (66 per cent) of the domestic managers are based in Sydney, 16 … Read more
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