APRA heatmaps: The results
A mix of industry and retail super funds have been identified by APRA’s much anticipated heatmaps as the worst performers over five years. Here are the results in full.
APRA names heatmap culprits in industry ‘game changer’
Maritime Super, EISS Super and Christian Super are among a handful of MySuper funds to be identified by the regulator as the worst performers over five years.
Future Fund to hire less as data project goes live
The $210 billion sovereign wealth fund has launched its new investment data management platform, capping an initial three-year journey to upgrade its technology.
TCorp buys ‘material’ Canadian renewable energy asset
TCorp has teamed up with H2O Power and its owner PSP Investments, one of Canada’s largest pension funds, in a deal that will see the investment arm of the NSW government own a 49 per cent stake in eight hydroelectric generation assets.
RIAA identifies Australia’s top super funds
Australian super funds that employ responsible investment strategies have outperformed their competitors over one, three and five-year time frames, fresh data from Responsible Investment Association Australasia (RIAA) has confirmed.
Most super fund advice not in clients’ best interest: ASIC
Less than half of 233 superannuation advice files reviewed by the corporate watchdog demonstrated full compliance with best interest duty and related obligations, according to a new report.
Bridgewater says US, UK close to deploying MP3
Bob Prince said the Federal Reserve and the Bank of England are “just one downturn away” from being forced to deploy what the world’s largest hedge fund refers to as monetary policy three.
APRA: Claim acceptances at historic highs
APRA’s update on life insurance claims shows a rise in claims acceptance, falling claims time frames and high loss/claims ratios, particularly in group insurance.
REST case to set climate risk precedent
Early next year, global investor attention will focus on the court proceedings against the trustee of the REST superannuation fund which is charged with breaching its fiduciary duties by failing to adequately consider climate change risks.
Sunsuper shrugs off private market froth as prices near top
Sunsuper investment chief Ian Patrick is buying unlisted assets despite record high prices that are set to climb higher as super funds scramble for yield.
Should industry funds save the planet?
With Australian industry funds overseeing almost $1 trillion collectively, local assets owners like Cbus are questioning whether they should be required to invest more sustainably.
Senate Inquiry: APRA, Westpac and heatmaps
APRA chair Wayne Byres told a parliamentary hearing on Monday that broader enforcement powers have allowed APRA to achieve better results.
