Market volatility, inflation knock Future Fund’s returns in 2022
Australia’s sovereign wealth fund Future Fund has posted negative returns in 2022, hit by rising inflation, higher interest rates and sharp falls in asset values.
Funds SA CEO to step down after 8 years
Funds SA CEO Jo Townsend will step down later this year, remaining in the role while the board undertakes a selection process for her successor. “Given all the achievements to date and the strong team that is in place, I feel that the timing is right for both myself and Funds SA,” she said. “I … Read more
JANA’s new structure to boost staff retention and attract talent
Investment consultant JANA has completed the buyout of a minority 45 per cent stake from Insignia Financial in a move the firm hopes will boost its ability to retain staff and attract new talent as it expands into new areas of the asset owner market.
APRA to prioritise member outcomes, retirement, industry practices: Cole
The prudential regulator will prioritise improving member outcomes, how trustees are implementing the retirement income covenant and improving industry practices, according to deputy chair Margaret Cole.
APRA announces executive appointments and structure changes
APRA has announced changes to its structure, including new appointments to complement the existing member and executive director group.
Maple-Brown Abbott partners with Hyde Park Investment
Boutique investment manager Maple-Brown Abbott has partnered with Hyde Park Investment to distribute its UCITS funds in the UK and several other European countries.
Super on PPL drastically improves retirement balances: HESTA modelling
Modelling from industry fund HESTA has revealed that paying super on the Commonwealth Parental Leave Pay scheme and better targeting tax concessions could significantly improve the retirement balances of critical health and community services professionals.
Ord Minnett appoints head of institutional research
Wealth management group Ord Minnett has appointed Alastair Hunter as head of institutional research. Hunter has over 32 years of experience in equity research and financial markets. He was rated number one bank analyst while working as head of research at Goldman Sachs/JBWere.
AMP acquires Nano home loan book
AMP Bank has acquired Nano’s residential mortgage portfolio, adding approximately $400 million in loans to its residential mortgage book.
Energy transition offers huge opportunity for investors: REST CIO
The energy transition offers a significant opportunity for investors to move away from fossil fuels says REST CIO Andrew Lill as the fund builds up a sizeable renewable energy portfolio.
Managing the toll of menopause
The symptoms and management of menopause are not well understood yet the impact on society is multi-fold. Insurance giant AIA Australia partnered with the Australasian Menopause Society to provide education and tools for super fund clients, employers and members to help remove the stigma, debunk misinformation and manage the condition.
Insignia grows automation footprint by using bots
Since Insignia Financial implemented digital worker ‘Optimus’ in 2019, its digital workforce has steadily increased. It now automates over 60 processes, reducing costs and improving business efficiencies.
