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 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.
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.
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
Veteran financial services journalist Aleks Vickovich will join the parent company of Professional Planner and Investment Magazine as editor-in-chief.
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.
With increased institutional investor interest in re-developed CBD offices to residential dwellings, developers need to focus on the relationship between design and return.
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
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
The corporate regulator has pulled up super fund trustees who failed the Your Future, Your Super performance test for poor member communications. Amid increased regulatory and political pressure, the regulator has urged the trustees to improve the experience for Australia’s super fund members.
Super fund members have shown “overwhelming” support for Australia’s compulsory super system, according to findings from a survey conducted by the Association of Superannuation Funds of Australia.
Super fund members should not underestimate the importance of a binding death benefit nomination.
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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.
