FPSB seeking candidates for board
The Financial Planning Standards Board (FPSB) is seeking nominations for two open three-year positions on its board of directors, beginning on 1 April 2024.
Australian Retirement Trust and Alcoa Super to merge
Australian Retirement Trust (ART) has entered a Memorandum of Understanding (MoU) with Alcoa of Australia Retirement Plan (Alcoa Super).
First Sentier Investors partners with AlbaCore Capital Group
Investment manager First Sentier Investors (FSI) has entered a strategic partnership with European credit manager AlbaCore Capital Group.
Victims could wait until 2024 if CSLR bill not passed this month
With the return of Parliament this week for a fortnight of sittings, the Minister for Financial Services Stephen Jones has called for the passage of the Compensation Scheme of Last Resort.
First stage of AMP Capital sale complete
AMP has announced a $337 million deal will be completed at the end of the week which will see the real estate and domestic infrastructure equity business be sold to Dexus Funds Management.
Novigi to be out source provider for Mercer’s Wollongong tech services
Specialist data and technology services provider Novigi will be the outsourcer for Mercer’s Wollongong business.
Aware Super restructures investment team
Aware Super has restructured its investment team in line with its strategy to deliver strong risk-adjusted returns for its members and manage $250 billion FUM by 2026.
Jones avoiding ‘heroic claims’ red tape reduction will improve advice access
Minister for Financial Services Stephen Jones has laid out a vision for streamlining advice regulation, but there is still the apprehension that savings on the cost of advice will not be passed on to consumers. Instead, it will likely be the case that super funds cover the advice gap and become the breeding ground for new talent.
Agriculture sustainability assurance program launched in Australia
Leading Harvest, a non-profit organisation founded in the US, launches its industry-leading program in Australia to implement a world-first sustainability assurance program to help harmonise sustainability reporting across crops and regions.
Northleaf selects Equity Trustees for custody role
Private markets investment firm Northleaf Capital Partners has selected Equity Trustees as the trustee and custodian of its senior private credit fund, NSPC AUD Investor Trust.
APRA tracking super funds’ Silicon Valley Bank exposure amid worsening bank fears
APRA has asked super funds to report any exposure to the collapsed Silicon Valley Bank amid a global rout of banking stocks as investors flee to safe-haven investments such as sovereign bonds and gold.
Corporate super funds face survival challenge
Standalone corporate super funds face significant challenges to remain viable, hit by dwindling in-flows due to falling membership.
