Criminal proceedings against the Commonwealth Bank regarding credit insurance have been dismissed due to the underlying criminal charges falling outside the statute of limitations. In a media release on Tuesday morning, ASIC said CBA had previously pleaded guilty to 30 criminal charges of making false or misleading representations to customers when selling consumer credit insurance … Read more
Balanced portfolios will be more volatile without the “natural hedge” provided by a negative correlation between stocks and bonds, but diversification will remain a powerful tool to protect portfolios, according to Noah Weisberger, managing director in the Institutional Advisory & Solutions group at PGIM.
Balanced portfolios will be more volatile without the “natural hedge” provided by a negative correlation between stocks and bonds, but diversification will remain a powerful tool to protect portfolios, according to Noah Weisberger, managing director in the Institutional Advisory & Solutions group at PGIM.
The Albanese government’s possible adoption of the recommendations of the Social Impact Investing Taskforce could trigger the entry of institutional capital into the impact investing market in Australia.
The Labor government will replace the Administrative Appeals Tribunal with a new administrative review body after claims it has been stuffed with Liberal staffers appointed with no merit. Attorney General Mark Dreyfus said the public standing of the tribunal has been “irreversibly damaged” due to the actions of the former government, citing the appointment of … Read more
The Financial Services Council has released an enforceable standard for handling group life insurance claims in superannuation which will replace the previously voluntary guidance. In a media release, the FSC stated the new standard sets out the minimum level of service consumers should expect to receive from their superannuation fund when making a claim on … Read more
ASIC has commenced civil penalty action in the Federal Court against non-bank mortgage lender Firstmac for alleged breaches of the Design and Distribution Obligations. The regulator’s proceeding against Firstmac is the first DDO civil penalty action taken against a distributor of financial products, which is the first DDO court action filed earlier this month against a … Read more
Industry funds Mine Super and TWUSUPER have entered a preliminary non-binding Memorandum of Understanding to explore the possibility of merging.
There are six products that have “significantly poor investment returns” over the past eight years in the latest APRA MySuper Heatmap release.
AustralianSuper has announced a new partnership with Churchill Asset Management, with an initial instalment of US$250 million ($373 million), intended to grow substantially over time.
Emerging research on loneliness has found chronic loneliness can have a severe impact on mortality and the morbidity of other physical disorders, and workplaces – along with society more broadly – have a role to play in ending loneliness in its chronic form.
The head of Vanguard’s corporate affairs group, Robin Bowerman, is retiring after 19 years at the organisation.
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
