Justice Derrington to depart ALRC
Justice Sarah Derrington is leaving the Australian Law Reform Commission (ALRC) as its president and will be replaced by Justice Mark Moshinsky in the interim until a permanent replacement is confirmed.
Morningstar announces new Medalist Rating TM system
Morningstar Australasia plans to change the current analyst rating regime to the Morningstar Medalist Rating in the second quarter of 2023.
BlackRock appoints James Raby as APAC head of wealth
BlackRock has appointed James Raby as APAC head of wealth.
Hostplus spurns investment internalisation push: Sicilia
The $94 billion hospitality industry super fund, Hostplus, is determined to defy the market trend to internalise investments, maintaining its strategy of using external managers.
Super fund: product provider or benevolent fiduciary?
Retirees require a central retirement coordinator, and the two lead candidates are Government and super funds. For super funds to perform this role requires them to be acknowledged as more than simply product providers.
Decision making process vital for trustees to discharge best financial interests duty
Trustee boards are under increasing scrutiny in the aftermath of the introduction of the members’ best financial interests duty and the decision-making process is key to ensuring trustees meet their obligation.
ASIC places interim stop order on Vasco fund
ASIC has placed an interim stop order on Vasco Responsible Entity Services, stopping it from offering or distributing the Pivotal Diversified Fund to retail investors.
Private debt is pivotal to QIC state investment portfolio: Hill
Private debt is an important part of Queensland Investment Corporation’s $60 billion state investment portfolio as yields are attractive and capital adequacy rules restrict bank liquidity.
Super funds gear up for retirement with education campaigns, new products
The superannuation industry is gearing up to help members shift to retirement with mass education campaigns and new products ahead of results of a joint APRA and ASIC review of funds’ retirement strategies.
Could the heat of the spotlight destroy superannuation’s social licence?
The government is unhappy with the quality of member service currently provided by the superannuation industry and demanding funds do better.
New downsizer contribution rules commence
The eligibility age for people to make downsizer contributions to their superannuation has officially expanded to include those aged 55.
Investment industry needs to rethink strategy: Future Fund CEO
Future Fund chief executive Raphael Arndt has called on the investment industry in Australia to have a rethink of its strategy, given major structural changes in the global economy now underway.
