AusSuper pushes for single benchmark in YFYS test
The $280 billion AustralianSuper has called for the range of benchmarks used in the Your Future, Your Super performance test to be replaced with one universal industry benchmark.
Super fund momentum slows in FY22: KPMG
The size of Australia’s pension market fell by $100 billion in FY22, hit by volatile markets, persistent and rising inflation and an energy crisis due to Russia’s war on Ukraine, now well into its second year.
State Street launches global carbon asset servicing solution
State Street Corporation has launched the Carbon Asset Servicing Solution, which will allow asset managers, asset owners, and other financial services institutions around the world to integrate carbon-related assets into their portfolios as the demand for the asset class continues to grow.
BT’s Private Portfolio Management business to transition to Mercer
Mercer has entered into an agreement with Westpac Group to transition BT’s Private Portfolio Management business to Mercer, which will occur in Q4 this year.
Betashares launches two low-cost global shares ETFs
ETF manager Betashares will launch two new global share funds in the coming weeks that tracks an index of 1500 global companies and suitable as a core allocation to portfolios.
UniSuper enters Europe with $1b mobile towers investment
Superannuation fund UniSuper has secured a 5 per cent indirect stake in mobile towers business Vantage Towers in a $1 billion deal.
BlackRock to launch global infrastructure and property ETFs
BlackRock Australia will launch two core ETFs later this month, focused on giving investors exposure to global infrastructure and property.
ACSI2023: Rest CEO Vicki Doyle warns on greenwashing crackdown
The chief executive of the $70 billion retail industry super fund, Rest Vicki Doyle has urged the Federal Government to move faster on setting the standards for disclosure around ESG issues, particularly on climate change.
ACSI2023: Australia needs to embrace circular economy to hit net zero 2050
A circular economy that minimises wastage, promotes renewable energy sources, and endorses sustainable production will help Australia in its push to achieve net zero emissions by 2050.
Allianz Retire+ AGILE receives ‘Recommended’ rating from Zenith
Allianz Retire+ has received a ‘Recommended’ rating for its longevity solution AGILE from research house Zenith Investment Partners. AGILE is designed to enhance the provision of retirement planning for advisers. It offers the ability to lock in a guaranteed future rate of income while clients are still in the accumulation phase (pre-retirement) to better plan … Read more
CountPlus changes name to ‘Count’ with overwhelming support
CountPlus has changed its name to Count after 99.94 per cent of shareholder votes were cast in support at a recent EGM in Sydney. Count CEO Hugh Humphrey said the change signalled a new phase for the company and represented a unification of the corporate businesses and opportunities for growth. Count will roll out its … Read more
SuperFriend promotes AusSuper CMO to deputy chair
Workplace mental health not-for-profit SuperFriend has promoted director Rose Kerlin to deputy chair of its board, following the resignation of incumbent Teifi Whatley. Kerlin, who is also the chief member officer of AustralianSuper, brings extensive experience to her new role, the firm said in a media release on Friday. SuperFriend has also appointed Deanne Wilden … Read more
