Good culture means more than mere compliance: directors
Industry leaders told the ACSI conference that royal commission findings show company leadership must do more to ensure ethical behaviour.
ASIC, industry both call for greater effort to restore trust
ASIC chairman James Shipton and financial industry stakeholders all agreed everyone must work harder to put the public’s interest first.
Fiduciary duty includes social awareness, panel says
It’s important for asset owners to raise concerns about labour rights and other social issues, participants in a panel agreed.
AustralianSuper, HESTA sign on to ACSI code
The pair are the first two funds to sign the newly launched Australian Asset Owner Stewardship Code. Hostplus plans to sign on as well.
Younger members demand ethical investments in super
Younger and ethically aware members are leading the charge for more transparency in their funds, Energy Super boss Robyn Petrou says.
TCorp pulls trigger on investment team reorganisation
TCorp has reorganised its investment team, including the centralisation of portfolio construction and manager selection.
Finance students run real share portfolio
Sydney University business school is now replicating a real-world investment management firm on campus. Profits help pay for scholarships.
Large Australian super funds step into direct lending
First State is one of a handful of local funds filling a void the banks are leaving behind. The fund’s Ross Pritchard discusses the trend.
Chair’s Seat: George Fishlock, AvSuper
George Fishlock will step down as chair of the $2.3 billion aviation industry fund AvSuper next year. He explains why the time is right.
Actuary says super needs to focus on longevity protection
David Orford says Australia has a lump-sum mindset toward retirement income and he’s on a mission to change that.
Rise in super guarantee essential for women, advocates say
The savings of female workers will suffer greatly if the increase to the super guarantee is scuttled, Women in Super’s Sandra Buckley says.
Half Australia’s super funds will vanish in 10 years: KPMG
The number of super funds will fall from 238 now to 108 in a decade, as entities merge or diversify, KPMG’s Super Insights Report states.
