An asset owner survey conducted by bfinance has found that investors worldwide are grappling with cost management challenges amid persistent inflation, heightened ESG requirements, and regulatory burdens. Nearly 200 asset owners (including pension funds, insurers, and endowments) in 22 countries were surveyed. The findings have been published in the ‘Investors’ Costs and Fees’ report, dated … Read more
The Australian Sustainable Finance Institute has begun work to improve capability across the finance sector and support a stronger pipeline of talent into the industry. Capability was identified in 2021 as one of the four pillars of ASFI’s strategy on ‘Leadership for Sustainability in Finance’, and the 2022 Progress Tracker highlighted the strong demand for … Read more
Mercer has appointed three non-executive directors to its fiduciary boards. Sangeeta Venkatesan and David Hartley join both Mercer Investments and Advance Asset Management boards, while Jim Miller joins the Mercer Superannuation board. Venkatesan’s executive career spans over 25 years. She has worked across Asia, Europe, and Australia, focusing on product innovation and business transformation. Venkatesan … Read more
New research by the Conexus Institute finds scale does not deliver an ‘automatic win,’ and what matters most is whether funds – big or small – are skilled in developing and implementing their strategy.
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
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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.
