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 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.
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.
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.
Superannuation fund UniSuper has secured a 5 per cent indirect stake in mobile towers business Vantage Towers in a $1 billion deal.
BlackRock Australia will launch two core ETFs later this month, focused on giving investors exposure to global infrastructure and property.
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.
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+ 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 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
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
Super will be required to be paid on payday under reforms announced by the government which it claims will benefit both employers and employees.
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