ASIC cements position as top conduct cop
The corporate watchdog has shored up its position as Australia’s top conduct cop in superannuation, with increased powers to tackle misconduct in a toughening regulatory environment.
Rowell: Don’t wait for APRA to come knocking
The prudential regulator has warned trustees of superannuation funds that flashed red or amber on its controversial MySuper heat maps late last year that they should act now to improve performance and reduce fees.
Canberra hits out at super fund ‘complacency and inertia’
Assistant Minister for Superannuation Jane Hume has slammed the $2.9 trillion superannuation industry for its “complacency and inertia,” saying poorly-performing funds have “no place to hide” and that small funds should consider merging.
Future Fund sticks with hedge funds
Australia’s $168 billion Future Fund is looking to add more money to its $22.6 billion hedge fund program where it can find managers with spare capacity, to help protect the portfolio against a sell-off in the equity market.
ESSSuper: 1000 members involved in bush fires
The $31 billion fund has set up a service that prioritises the requests of members who are fighting the fires that continue to burn across Australia or are helping local communities.
Michael Rice receives Order of Australia
Michael Rice has been made an Officer of the Order of Australia in Sunday’s Australia Day honours. He was recognised for his “distinguished service to business and economics, particularly to the actuarial profession, and through advisory roles.”
VicSuper: Getting to grips with sustainable PE
An increasing number of super funds are looking to invest sustainably across their portfolio but a yawning data gap for private equity and until recently, sovereign bonds, has held them back.
TCorp snares Cbus Super’s infrastructure chief
Cbus Super’s high-profile infrastructure specialist Diana Callebaut has jumped ship to take on a similar role with the investment arm of the New South Wales state government.
ASIC inches closer to phone tapping advisers
A Bill presented late last year granting the regulator increased powers to intercept phone calls is waiting on amendments before it goes before the house and senate.
Victoria’s sovereign wealth fund hires new ESG and tech executives
The $65 billion VFMC has appointed former Vanguard executive Keli Saville to run digital and technology and the high-profile Talieh Williams to head up investment stewardship.
Phil’s story: When old injuries lead to new opportunities
Changing careers can be daunting at the best of times, not least when you’re trying to recover from an injury. Yet, as Phil’s story shows, reskilling to a new trade can often provide a way forward. While a road accident at the age of 17 had left him with a serious leg injury, Phil’s real … Read more
Media Super, legalsuper name new CIOs
The appointments are the latest in a flurry of recent announcements across the industry as super funds look to shake up their investment operations in 2020.
