APRA: Climate change risk at the heart of financial decisions
The prudential regulator’s Geoff Summerhayes said the climate change risks will soon be central to all financial decisions made by APRA-regulated entities.
Sharan Burrow: The world must change
Inequality is overwhelming and the rules of the economy have to change, says ITCU head, Sharan Burrow.
Silk: Failure to consider ESG risk is breaking the law
IIan Silk, the head of AustralianSuper, has upped the ante for industry funds warning that failure to consider ESG risks when investing their members’ retirement savings is a breach of their best-interests duty.
SuperFriend predicts legislative change
SuperFriend chief executive officer Margo Lydon says the recommendations made by the federal government’s Productivity Commission into Mental Health could result in a new law that allows life insurers to support rehabilitation.
TAL to provide life insurance to Rest members
Rest, the $51 billion superannuation fund, has awarded a group insurance mandate to TAL ending a 15-year relationship with AIA Australia.
Treasury submissions in for TPD standard definition
One of the recommendations of the Hayne royal commission was for Treasury to investigate whether to set standard definitions, terms and conditions for default MySuper group life insurance.
Japan’s governance conundrum
Japan has been progressive in the development of a stewardship code and a corporate governance code but to make real impact asset owners need to be more proactive in holding boards and executives of their investee companies accountable.
AustralianSuper appoints new independent director
The $150 billion AustralianSuper has appointed Don Russell, a former State Super chair, as a new independent director to its board.
Delay on disclosure: Yet another setback
Regulation on disclosure for superannuation products needs to be resolved quickly, not at a horse-and-cart pace, says AIST CEO Eva Scheerlinck.
Emerging markets come of age
An undeniable change in the long-term narrative for the entire emerging market asset class is taking place, driven by the pursuit of a better life. Discover the impact of three “new realities”.
APRA to review ESG matters
A review of APRA’s superannuation prudential framework has found it met its original objectives but must keep evolving to ensure members’ interests are protected.
Equip Super and Catholic Super to merge in landmark deal
Equip Super and Catholic Super will merge their operations in a $26 billion deal ahead of a full merger by 2020 in a further sign of consolidation in the $2.65 trillion super industry.
