‘Could do better’, ASIC tells super industry after insurance review
An ASIC review has found super fund trustees need to do more to optimise the benefits their members receive from group insurance through super.
Future Fund appoints ex Carlyle MD to head up PE team
The Future Fund has appointed David Bluff from US private equity giant Carlyle Group to head up its private equity team, reporting to deputy chief investment officer Alicia Gregory.
DASH hires 10 staff following capital raise
Financial advice platform DASH Technology Group has hired 10 staff across several teams after the fintech company completed a capital raise in March.
UniSuper mandates Revolution to invest in A$, NZ$ B-BB senior loans
The $115 billion UniSuper has mandated local fund manager Revolution Asset Management to invest in non-investment grade senior loans in Australia and New Zealand amid deteriorating credit market conditions and improving yield.
Brighter Super & SPSL to complete $29b merger
Brighter Super will merge with SPSL Master Trust (SPSL) on 31 May 2023 to create a $29 billion super fund with over a quarter of a million members, the first between a not-for-profit and retail super fund.
What is the purpose of super?
Compulsory superannuation in Australia is a true success story. However, the absence of an objective for the system has brought challenges – especially as it was initially developed in an era when the Australian superannuation industry was very different from what it is today.
AXA IM reports doubling of corporate engagement in 2022
In 2022, investment management firm AXA IM conducted 596 engagements with 480 entities, mainly in Europe and North America. It also held 30 per cent more discussions at executive and board levels last year than in 2021. Climate change remained the main engagement theme at 28 per cent, according to AXA IM’s 2022 ‘Stewardship Report’. … Read more
Aleks Vickovich joins Conexus as editor-in-chief
Veteran financial services journalist Aleks Vickovich will join the parent company of Professional Planner and Investment Magazine as editor-in-chief.
Advocating for the super fund member
There’s an asymmetry in information and knowledge between the providers of financial services and many of the consumers of those services. Where the imbalance is handled responsibly by the provider, consumers can thrive. But the Hayne royal commission showed what can happen when the mismatch is exploited or mishandled, deliberately or otherwise.
Redeveloping and designing for yield
With increased institutional investor interest in re-developed CBD offices to residential dwellings, developers need to focus on the relationship between design and return.
FNZ partners with Virgin Money on UK digital investment platform
Wealth management platform developer FNZ has partnered with UK full-service digital bank Virgin Money to launch a digital investment platform for retail investors in the UK. FNZ is currently working with CFS to develop its new Edge platform, as well has the migration of UBS Australia onto post-trade processing engine SynOps in December 2022. In … Read more
AFCA re-appoints CEO Locke, hits $1b in compensation
As the complaints authority hits the $1 billion threshold for consumer compensation, Tthe AFCA board of directors has re-appointed David Locke as chief ombudsman and CEO for a second five-year term. Locke is a lawyer who has worked in the private, government, and not-for-profit sectors. He was appointed AFCA’s inaugural CEO and chief ombudsman in … Read more
